Truist Financial Cuts Tesla (NASDAQ:TSLA) Price Target to $438.00
- by lulegacy
- Jan 29, 2026
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Key Points
Truist Financial cut its Tesla price target slightly to $438 and left a "hold" rating, implying only about a 1.5% upside from the prior close.
Analysts remain mixed—18 Buy, 13 Hold and 8 Sell ratings—giving Tesla an overall average rating of Hold and an average price target of about $410.28.
Tesla beat Q4 EPS and revenue estimates but reported its first full‑year revenue decline amid weaker deliveries; management is pivoting toward AI/robotics with roughly $20B planned capex for 2026, and insiders sold meaningful stock stakes. Tesla’s Robotaxi Goes Unsupervised: Is the Rally Justified?
In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 577,031 shares in the company, valued at $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock worth $53,501,145 in the last quarter. 19.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Tesla
Several hedge funds have recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter valued at $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the second quarter worth about $26,000. Davidson Capital Management Inc. lifted its holdings in shares of Tesla by 79.4% during the 4th 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. LGT Financial Advisors LLC acquired a new position in shares of Tesla in the 2nd quarter valued at approximately $29,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Tesla during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 66.20% of the company's stock.
Key Headlines Impacting Tesla
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