Image from MarketBeat Media, LLC. Key Points Resona Asset Management cut its Tesla stake by 6.1% in the fourth quarter, selling 56,666 shares and leaving it with 876,889 shares worth about $396 million. Insiders have also been selling: director Kathleen Wilson-Thompson and CFO Vaibhav Taneja both reduced their holdings, and Tesla insiders have sold 83,213 shares worth $32.2 million over the past three months. Tesla recently beat quarterly EPS estimates with $0.41 per share, though revenue came in below expectations; analysts currently view the stock as a Hold with an average target price of $395.20. Negative Sentiment: Analysts and media coverage continue to flag Tesla’s rich valuation, with some arguing the stock is vulnerable if execution on vehicles, autonomy, and margins does not improve quickly. Negative Sentiment: Recent reports of Full Self-Driving lawsuits and robotaxi safety questions are adding skepticism around Tesla’s autonomy timeline and the pace of commercialization. Analyst Ratings Changes A number of brokerages have recently issued reports on TSLA. President Capital raised their target price on shares of Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. JPMorgan Chase & Co. restated a "sell" rating on shares of Tesla in a research report on Wednesday, April 22nd. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research report on Thursday, January 29th. Barclays restated a "neutral" rating on shares of Tesla in a research report on Wednesday, May 13th. Finally, Truist Financial lowered their target price on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a research report on Thursday, April 2nd. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and an average target price of $395.20.