Wellspring Financial Advisors LLC Decreases Stake in Tesla, Inc. $TSLA
- by lulegacy
- Dec 02, 2025
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Key Points
Wellspring Financial Advisors LLC decreased its Tesla stake by 28%, selling 5,953 shares and ending the quarter with 15,339 shares valued at about $4.87 million per its latest 13F filing.
Insider selling accelerated in September: CFO Vaibhav Taneja sold 2,606 shares and SVP Xiaotong Zhu sold 20,000 shares, and insiders disposed of $33.55 million (82,606 shares) in the last quarter.
Other large moves include Norges Bank buying a new Tesla position worth roughly $11.84 billion, bringing institutional ownership to 66.2%, while analysts' consensus remains a "Hold" with an average target of $394.03. MarketBeat Week in Review – 11/17 - 11/21
TSLA has been the subject of a number of research analyst reports. Evercore ISI increased their price target on Tesla from $235.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, October 29th. Canaccord Genuity Group lowered their target price on shares of Tesla from $490.00 to $482.00 and set a "buy" rating for the company in a research note on Thursday, October 23rd. Bank of America boosted their price target on shares of Tesla from $341.00 to $471.00 and gave the company a "neutral" rating in a research note on Wednesday, October 29th. President Capital increased their price objective on shares of Tesla from $373.00 to $529.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Finally, CICC Research boosted their target price on Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the company's stock. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $394.03.
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