Truist Financial Lowers Tesla (NASDAQ:TSLA) Price Target to $400.00

Key Points

• Truist cut Tesla's price target to $400 from $438 and maintained a "hold" rating, implying roughly a 10.9% upside from the stock's current level.
• Analyst views are mixed: the MarketBeat consensus is a "Hold" with an average target of $402.61, while individual price targets range widely (about $145 to $600), showing divergent expectations among brokers.
• Tesla posted a slight EPS and revenue beat but missed Q1 delivery estimates (~358k vs. ~365–372k), produced a ~50k inventory build, reported lower‑than‑expected 8.8 GWh energy deployments, and saw significant insider selling—factors pressuring near‑term sentiment.

Tesla (NASDAQ:TSLA - Get Free Report) had its price target lowered by equities researchers at Truist Financial from $438.00 to $400.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a "hold" rating on the electric vehicle producer's stock. Truist Financial's target price points to a potential upside of 10.93% from the company's current price.

A number of other brokerages have also recently commented on TSLA. China Renaissance upped their price target on Tesla from $380.00 to $382.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. New Street Research boosted their price objective on Tesla from $520.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. UBS Group upped their price objective on shares of Tesla from $307.00 to $352.00 and gave the company a "sell" rating in a report on Thursday, January 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $510.00 target price on shares of Tesla in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Tesla from $150.00 to $145.00 and set an "underweight" rating on the stock in a research note on Friday, January 30th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $402.61.

Tesla Stock Performance

NASDAQ TSLA opened at $360.59 on Thursday. The company has a market capitalization of $1.35 trillion, a PE ratio of 333.88, a price-to-earnings-growth ratio of 11.31 and a beta of 1.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a 50-day simple moving average of $402.83 and a 200 day simple moving average of $427.85.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 EPS. On average, research analysts predict that Tesla will post 2.56 EPS for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the company's stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. This trade represents a 43.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 53,804 shares of company stock worth $20,865,598. Company insiders own 19.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Networth Advisors LLC bought a new position in Tesla in the 4th quarter worth about $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla in the second quarter worth approximately $26,000. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Tesla during the third quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla in the 2nd quarter worth approximately $30,000. Institutional investors own 66.20% of the company's stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China demand showing improvement — China‑made EV sales rose ~8.7% in March, suggesting recovery in Tesla’s largest market that could stabilize revenue. Tesla's China-made EV sales rise 8.7% in March — Reuters
• Positive Sentiment: Tesla continues to deploy energy storage (company reported 8.8 GWh in Q1), supporting its diversification beyond cars and a long‑term revenue stream. Tesla First Quarter 2026 Production, Deliveries & Deployments — BusinessWire
• Positive Sentiment: Geographic expansion: Tesla is ramping up stores and service infrastructure in Japan to chase the top imported‑car spot — a market push that could boost near‑term sales if execution holds. Tesla eyes Japan's top imported-car spot — Reuters
• Neutral Sentiment: FSD / AI narrative remains a longer‑term upside: FSD v14.3 is in employee beta and broader rollouts could re‑accelerate monetization if safety/approval progress continues. Is Tesla's FSD v14.3 Ready for a Wider Rollout? — Zacks
• Neutral Sentiment: SpaceX IPO / Musk‑ecosystem narratives are resurfacing; these are sentiment drivers rather than immediate earnings catalysts but can amplify volatility. Valuation to the Moon? SpaceX Gears Up for IPO — MarketBeat
• Negative Sentiment: Delivery miss: Q1 deliveries of ~358,000 missed Street expectations (~365–372k), the principal near‑term catalyst for the share decline as investors feared waning end‑market demand. Tesla's first-quarter deliveries miss estimates — Reuters
• Negative Sentiment: Inventory build: Tesla produced ~408k vehicles but delivered ~358k, creating a ~50k gap that raises concerns about slowing demand, potential discounts and margin pressure. Tesla production vs deliveries — BusinessWire
• Negative Sentiment: Energy storage deployment fell short of some expectations (reported 8.8 GWh vs higher Street forecasts), magnifying worries that both core EV and energy businesses are underperforming. Delivery shortfall and energy storage disappointment — Blockonomi
• Negative Sentiment: Analyst cuts, competition and insider selling: a few sell/hold reiterations and visible insider sales (director Kathleen Wilson‑Thompson) plus BYD’s strong export growth are pressuring sentiment and amplify downside risk. GLJ maintains sell rating on Tesla — Yahoo Finance Tesla director sold $9.27M in stock — InsiderTrades BYD nearly matches Tesla's exports — Benzinga

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.

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