Richard Bernstein Advisors LLC Cuts Position in Tesla, Inc. $TSLA
- by lulegacy
- Mar 10, 2026
- 0 Comments
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Key Points
Richard Bernstein Advisors cut its stake by 54.1% in Q3, selling 26,064 shares and now holding 22,129 Tesla shares worth about $9.84 million (Tesla is 0.3% of the fund and its 27th largest holding).
Significant insider selling: Director Kathleen Wilson‑Thompson sold 25,731 shares and James R. Murdoch sold 60,000 shares, with insiders offloading 87,995 shares (~$38.3M) in the past three months.
Mixed analyst view: Tesla has a consensus "Hold" rating with a $406.84 target, a $1.50 trillion market cap, and recently reported a slight EPS beat while quarterly revenue fell 3.1% year‑over‑year. Gold and Silver Rebound, But This Metal Is Outperforming Both
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analysts' expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on TSLA. China Renaissance raised their target price on shares of Tesla from $380.00 to $382.00 and gave the stock a "hold" rating in a report on Monday, February 2nd. Glj Research reissued a "sell" rating on shares of Tesla in a research note on Tuesday, February 24th. Morgan Stanley set a $415.00 target price on Tesla and gave the company an "equal weight" rating in a report on Thursday, January 29th. Canaccord Genuity Group set a $520.00 price target on Tesla in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $500.00 price objective on shares of Tesla in a research report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and a consensus target price of $406.84.
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