Chevy Chase Trust Holdings LLC Sells 48,823 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Mar 15, 2026
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Key Points
Chevy Chase Trust reduced its Tesla position by 3.3%, selling 48,823 shares and leaving the firm with 1,436,508 shares worth about $638.8 million (≈1.8% of its portfolio; 11th largest holding).
Company insiders have been net sellers recently — including Director Kathleen Wilson‑Thompson (25,731 shares) and CFO Vaibhav Taneja (2,264 shares) — with insiders offloading 87,995 shares (~$38.3M) in the past 90 days; institutional investors own about 66.2% of TSLA while insiders hold 19.9%.
Tesla beat Q results modestly (EPS $0.50 vs. $0.45; revenue $24.90B vs. $24.75B) despite revenue down 3.1% YoY, trades at a ~$1.47T market cap with a high P/E (~362), and carries a consensus analyst rating of Hold with an average price target of $406.84. Tesla’s Big China Sales Spike Didn’t Excite Investors—Here’s Why
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the transaction, the director directly owned 19,669 shares in the company, valued at $8,173,649.64. This represents a 56.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were 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 directly owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,995 shares of company stock worth $38,315,650 in the last ninety days. 19.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
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