Tesla (NASDAQ:TSLA) Given "Outperform" Rating at Wedbush
- by lulegacy
- Mar 27, 2026
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Key Points
Wedbush reiterated an "Outperform" rating on Tesla with a $600 price target, implying about a 61% upside and backing a bullish AI/"TeraFab" growth narrative from analyst Daniel Ives.
Analyst sentiment is mixed—19 Buys, 13 Holds and 9 Sells—giving Tesla an average rating of "Hold" and an average target price of $406.84, well below Wedbush's view.
Near-term fundamentals are pressured: Tesla beat Q4 EPS modestly but revenue fell 3.1% YoY, analysts have trimmed delivery and earnings forecasts (2026 delivery guidance cut to ~1.69M units), and the stock has recently pulled back amid growing competition and insider selling. A New Regulatory Blow Could Change Tesla’s Outlook
In related news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 87,995 shares of company stock valued at $38,315,650 in the last three months. Corporate insiders own 19.90% of the company's stock.
Institutional Investors Weigh In On Tesla
A number of large investors have recently bought and sold shares of the business. Networth Advisors LLC acquired a new position in shares of Tesla during the 4th quarter valued at about $26,000. Chapman Financial Group LLC bought a new stake in Tesla during the second quarter worth approximately $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% during the fourth 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 during the last quarter. Manning & Napier Advisors LLC acquired a new position in Tesla during the third quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla in the second quarter valued at approximately $30,000. 66.20% of the stock is currently owned by institutional investors.
Key Headlines Impacting Tesla
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