Mirae Asset Global Investments Co. Ltd. Has $908.59 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• Mirae Asset Global Investments increased its Tesla stake by 0.2% in the second quarter to 2.16 million shares valued at approximately $908.6 million, making Tesla 1.3% of its portfolio. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla’s growth outlook centers on autonomous vehicles, Cybercab robotaxis and Semi trucks, including approval to operate up to 5,000 autonomous vehicles in Nevada. However, a recall of nearly 3 million vehicles in China, questions about autonomy safety and the reported Solar Roof shutdown add execution and reputational risks.
• Tesla trades at a highly elevated valuation, with a price-to-earnings ratio near 336, while analysts’ average rating is “Hold” and average price target is $401.74. The company exceeded revenue expectations in its latest quarter but missed consensus earnings estimates, reporting $0.33 EPS versus $0.50 expected.

Mirae Asset Global Investments Co. Ltd. raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,160,225 shares of the electric vehicle producer's stock after acquiring an additional 4,356 shares during the quarter. Tesla comprises 1.3% of Mirae Asset Global Investments Co. Ltd.'s holdings, making the stock its 12th largest position. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Tesla worth $908,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. J. L. Bainbridge & Co. Inc. boosted its stake in Tesla by 2.0% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 2,265 shares of the electric vehicle producer's stock valued at $953,000 after purchasing an additional 44 shares during the period. Vanderbilt University acquired a new stake in shares of Tesla during the second quarter worth $2,439,000. Herold Advisors Inc. boosted its position in shares of Tesla by 1.6% in the second quarter. Herold Advisors Inc. now owns 10,280 shares of the electric vehicle producer's stock valued at $4,323,000 after acquiring an additional 159 shares during the period. Hidden Cove Wealth Management LLC boosted its position in shares of Tesla by 29.1% in the second quarter. Hidden Cove Wealth Management LLC now owns 1,790 shares of the electric vehicle producer's stock valued at $753,000 after acquiring an additional 403 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Tesla by 59.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 10,492 shares of the electric vehicle producer's stock valued at $4,413,000 after acquiring an additional 3,899 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Nevada regulators approved Tesla’s application to operate up to 5,000 fully autonomous vehicles during the first year, clearing a path for a Las Vegas robotaxi launch. The approval strengthens the investment case for Tesla’s autonomy strategy and could provide an important commercial test for its Cybercab platform. Nevada approves Tesla fleet of 5,000 fully autonomous vehicles
• Positive Sentiment: Tesla is preparing to showcase and expand its Semi truck in Europe, including at September’s IAA Transportation event. A reported order for 500 Semis from Einride and plans to scale Nevada production support expectations that commercial vehicles could become a meaningful new growth engine. Tesla Semi truck expansion into Europe
• Positive Sentiment: Recent Tesla commentary has emphasized confidence in scaling Cybercab operations and a potential step-change from its FSD V15 software. Investors view robotaxis, autonomy and the Semi as necessary growth businesses to support Tesla’s premium valuation as automotive growth matures. JPMorgan on Tesla Cybercab and FSD V15
• Neutral Sentiment: Analysts and investors continue debating whether Tesla’s roughly 292-times earnings valuation adequately reflects future robotaxi, Semi and artificial-intelligence growth. Supporters see substantial long-term upside, while skeptics argue the valuation leaves little room for execution delays or disappointing adoption. Tesla Robotaxi and Semi valuation analysis
• Negative Sentiment: Tesla will voluntarily recall nearly 3 million vehicles in China to address emergency door-release and driver-monitoring concerns. Although the fix is expected to be software-based and other automakers are involved, the recall adds regulatory, safety and reputational risk in a key market. Tesla China recall
• Negative Sentiment: Reports that Tesla has ended Solar Roof tile operations highlight the company’s retreat from a business that failed to achieve expected scale. Separately, questions about Autopilot crash-data disclosures and a robotaxi incident in Austin could make investors more cautious about Tesla’s readiness for unsupervised autonomy. Tesla Solar Roof shutdown

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company's stock.

Analysts Set New Price Targets

TSLA has been the subject of a number of recent research reports. BNP Paribas Exane downgraded shares of Tesla from a "hold" rating to an "underperform" rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a research note on Monday, July 27th. UBS Group set a $460.00 price objective on Tesla in a report on Thursday, July 23rd. Tigress Financial began coverage on Tesla in a report on Monday, April 27th. They set a "buy" rating on the stock. Finally, Mizuho set a $450.00 price target on Tesla and gave the company an "outperform" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $401.74.

Tesla Stock Performance

Shares of TSLA stock opened at $362.86 on Monday. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 335.98, a PEG ratio of 18.32 and a beta of 1.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $365.62 and its 200-day moving average price is $387.07. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the business earned $0.33 EPS. The firm's quarterly revenue was up 25.5% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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