Truist Financial Issues Pessimistic Forecast for Tesla (NASDAQ:TSLA) Stock Price
- by americanbankingnews
- Jan 02, 2026
- 0 Comments
- 0 Likes Flag 0 Of 5
Image from MarketBeat Media, LLC.
Key Points
Truist Financial cut its price target on Tesla from $444 to $439 and maintained a Hold rating, implying roughly a 0.72% downside from the current price.
Analyst views are mixed: MarketBeat shows a consensus Hold with a $414.36 target, while individual price targets span widely (roughly $450 to $600), indicating divergent expectations.
Tesla faces near‑term operational pressures — Q4 deliveries fell about 16% (partly blamed on the EV tax‑credit expiration) and China’s BYD has overtaken Tesla in fully electric deliveries, creating market‑share and growth concerns. MarketBeat Week in Review – 12/22 - 12/26
In related news, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is owned by corporate insiders.
Institutional Trading of Tesla
A number of institutional investors and hedge funds have recently made changes to their positions in TSLA. Chapman Financial Group LLC acquired a new position in Tesla in the second quarter valued at about $26,000. Chelsea Counsel Co. grew its holdings in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 40 shares during the period. LGT Financial Advisors LLC purchased a new position in Tesla in the second quarter worth $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla during the third quarter worth $29,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Tesla during the 2nd quarter valued at $30,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
More Tesla News
Please first to comment
Related Post
Elon, stop trying to make Grok happen
- May 22, 2026
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Energy





