MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Tesla, Inc. $TSLA
- by lulegacy
- Mar 17, 2026
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Key Points
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its Tesla stake by 8.9% in Q3 to 1,805,129 shares (about $802.7M), making TSLA its 11th‑largest holding and 1.3% of the firm's portfolio.
Tesla faces mixed catalysts: investor optimism from Elon Musk’s Terafab AI‑chip launch and Ofgem approval to sell electricity in Great Britain is offset by weak U.S. deliveries (reported ~26% drop in January), rising competition from BYD, legal/brand concerns and technical/insider‑selling pressures.
Insiders sold roughly 87,995 shares (~$38.3M) last quarter, and analysts remain divided (19 Buys, 13 Holds, 9 Sells) with an average price target of $406.84 versus a market cap near $1.48 trillion and a P/E of about 366. 3 ETFs to Avoid as Oil Shock Hits Markets
In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company's stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,995 shares of company stock worth $38,315,650 over the last quarter. 19.90% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several brokerages have recently weighed in on TSLA. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $150.00 to $145.00 and set an "underweight" rating on the stock in a report on Friday, January 30th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Thursday, January 29th. UBS Group lifted their price objective on Tesla from $307.00 to $352.00 and gave the company a "sell" rating in a report on Thursday, January 29th. BNP Paribas Exane dropped their target price on Tesla from $313.00 to $280.00 and set an "underperform" rating on the stock in a research report on Monday, March 2nd. Finally, Benchmark reissued a "buy" rating on shares of Tesla in a research note on Wednesday, February 11th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $406.84.
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