Truist Financial Corp Boosts Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Truist Financial increased its Tesla stake by 2.4% in Q4, adding 18,100 shares to hold 778,386 shares worth about $350.06 million.
• Insiders have been net sellers: 53,804 shares (~$20.9 million) were sold in the last 90 days, including sales by the CFO and a director, while corporate insiders still own 19.9% and institutions own 66.2% of the stock.
• Tesla slightly beat EPS expectations for the quarter ($0.41 vs. $0.39) but missed revenue estimates, and the stock carries a consensus "Hold" rating with an average target of $398.42 and a market cap of about $1.47 trillion (P/E ~358.6).

Truist Financial Corp lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 778,386 shares of the electric vehicle producer's stock after acquiring an additional 18,100 shares during the quarter. Truist Financial Corp's holdings in Tesla were worth $350,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth $26,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the second quarter worth $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 27 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla during the third quarter worth $29,000. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is rolling out more Robotaxi/Cybercab vehicles and expanding unsupervised rides in Texas, a step toward monetizing autonomy that could eventually boost services revenue if regulatory and safety hurdles are cleared. Read More.
• Positive Sentiment: Tesla’s Semi truck program reportedly hit production milestones this week, demonstrating progress on a higher‑margin commercial product line that could improve long‑term mix and profitability if volumes scale. Read More.
• Positive Sentiment: Reports highlight progress on Elon’s “Terafab” manufacturing initiative — faster, lower‑cost fabs could materially reduce vehicle and robot production costs over time if successful. Read More.
• Neutral Sentiment: SpaceX’s planned IPO — potentially raising up to $75 billion — and leaked compensation terms (large milestone bonuses for Elon Musk) are drawing attention; implications for Tesla are indirect but important for governance and Musk’s incentive alignment across his companies. Read More.
• Neutral Sentiment: Details from the SpaceX registration show potential big voting/compensation stakes for Musk tied to long‑term milestones (e.g., population targets for Mars) — these are more relevant to SpaceX governance but feed broader investor scrutiny of Musk‑linked transactions. Read More.
• Neutral Sentiment: Several analyst/roundup pieces revisit valuation and buy/sell views on TSLA; these provide context but contain mixed conclusions, so they’re unlikely to move the stock by themselves. Read More.
• Negative Sentiment: Tesla amended filings disclosed more than $500 million of revenue from transactions with Musk‑controlled firms (xAI, SpaceX), raising related‑party and governance questions that can pressure valuation multiples and investor trust. Read More.
• Negative Sentiment: Coverage highlights that Tesla is spending heavily to build its AI/robotics future (Optimus, robotaxi software/hardware), and that cash burn and margin pressure are tangible near‑term risks until those efforts monetize. Read More.
• Negative Sentiment: Despite rollout progress, Tesla still trails Waymo and other autonomous rivals on fully mature self‑driving commercialization metrics, underscoring competitive and execution risks to the robotaxi thesis. Read More.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research note on Thursday, April 23rd. Morgan Stanley set a $415.00 target price on shares of Tesla and gave the stock an "equal weight" rating in a research note on Thursday, January 29th. Robert W. Baird lowered their target price on shares of Tesla from $538.00 to $522.00 and set an "outperform" rating for the company in a research note on Friday, April 24th. Cantor Fitzgerald reiterated an "overweight" rating and set a $510.00 target price on shares of Tesla in a research note on Wednesday, April 22nd. Finally, Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Tuesday, April 21st. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $398.42.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm's stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the transaction, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 53,804 shares of company stock worth $20,865,598. Corporate insiders own 19.90% of the company's stock.

Tesla Stock Performance

Shares of TSLA stock opened at $390.82 on Monday. The stock's 50-day moving average is $383.09 and its two-hundred day moving average is $419.10. The firm has a market cap of $1.47 trillion, a price-to-earnings ratio of 358.55, a PEG ratio of 14.87 and a beta of 1.79. Tesla, Inc. has a 1 year low of $271.00 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. Analysts predict that Tesla, Inc. will post 1.25 earnings per share for the current year.

About Tesla

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.

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