Stevens Capital Management LP Cuts Stake in Tesla, Inc. $TSLA
- by lulegacy
- May 06, 2026
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Key Points
Stevens Capital Management LP cut its Tesla stake by 34.7% in Q4, selling 13,335 shares and now holds 25,099 shares valued at $11.29M, making Tesla about 4% of its portfolio and its second-largest holding.
Tesla faces near-term headwinds from a major safety action — the NHTSA ordered a recall of ~218,868 vehicles over delayed rearview camera images — along with regulatory FSD pushback and notable insider selling that are pressuring the stock.
Tesla's recent quarter showed a slight EPS beat ($0.41 vs. $0.39) but a revenue miss, with a market cap of $1.46 trillion and a MarketBeat consensus "Hold" rating with an average price target of $398.42. MarketBeat Week in Review – 04/20 - 04/24
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 80,213 shares of company stock valued at $30,851,105 over the last ninety days. 19.90% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TSLA. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research note on Friday, April 24th. UBS Group reissued a "neutral" rating and set a $364.00 target price (up from $352.00) on shares of Tesla in a research report on Thursday, April 23rd. Phillip Securities upped their target price on shares of Tesla from $215.00 to $220.00 and gave the stock a "sell" rating in a report on Monday, April 27th. Canaccord Genuity Group lifted their price target on Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Finally, Barclays reissued a "neutral" rating on shares of Tesla in a report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $398.42.
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