Granite Group Advisors LLC Purchases New Holdings in Tesla, Inc. $TSLA
- by lulegacy
- Mar 28, 2026
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Key Points
Granite Group Advisors purchased a new stake of 4,549 shares in Tesla valued at about $2.046 million, making TSLA ~1.2% of its portfolio and its 22nd largest holding.
Several large institutions materially increased positions—most notably Norges Bank (stake valued ≈ $11.84 billion) and asset managers like Amundi and Holocene—leaving institutional ownership at about 66.20% of Tesla.
Tesla shares are under pressure (trading down ~2.8%), with a market cap of ≈$1.36 trillion, high valuation metrics (P/E ~335), and an upcoming Q1 deliveries report on April 2 seen as the key near‑term catalyst amid recent guidance cuts. As Tech Earnings Grow, This ETF Still Hasn't Caught Up
In other news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares of the company's stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 87,995 shares of company stock worth $38,315,650. Insiders own 19.90% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tesla from $500.00 to $480.00 and set a "buy" rating for the company in a report on Friday, January 30th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, January 29th. CICC Research increased their price target on shares of Tesla from $450.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, December 18th. Benchmark reaffirmed a "buy" rating on shares of Tesla in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $406.84.
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