CIBC Bancorp USA Inc. Acquires New Holdings in Tesla, Inc. $TSLA
- by lulegacy
- Mar 19, 2026
- 0 Comments
- 0 Likes Flag 0 Of 5
Image from MarketBeat Media, LLC.
Key Points
CIBC Bancorp USA initiated a new stake in Tesla, buying 571,713 shares worth about $254.25 million, which represents roughly 0.9% of its portfolio and is its 22nd largest holding.
Insider selling has been notable: Director James R. Murdoch sold 60,000 shares (~$26.7M) and CFO Vaibhav Taneja sold 2,264 shares (~$898.9K), with insiders offloading 87,995 shares (~$38.3M) over the past quarter (insiders own ~19.9% of TSLA).
Tesla posted a modest quarterly beat (EPS $0.50 vs. $0.45; revenue $24.90B) and has a market cap around $1.47 trillion, while company developments include a $4.3B LG battery supply deal and Samsung chip production plans amid mixed analyst sentiment and concerns about autonomy and potential capital raises. 3 ETFs to Avoid as Oil Shock Hits Markets
A number of research analysts have recently commented on TSLA shares. Mizuho set a $540.00 price objective on Tesla and gave the company an "outperform" rating in a report on Thursday, January 29th. Tigress Financial initiated coverage on Tesla in a report on Thursday, February 12th. They issued a "buy" rating and a $550.00 target price for the company. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $405.00 target price on shares of Tesla in a research report on Thursday, January 29th. Truist Financial dropped their price target on shares of Tesla from $439.00 to $438.00 and set a "hold" rating on the stock in a research report on Thursday, January 29th. Finally, BNP Paribas Exane reduced their price objective on shares of Tesla from $313.00 to $280.00 and set an "underperform" rating for the company in a research note on Monday, March 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $406.84.
Please first to comment
Related Post
Stay Connected
Tweets by elonmuskTo get the latest tweets please make sure you are logged in on X on this browser.
Energy





