Truist Financial Lowers Tesla (NASDAQ:TSLA) Price Target to $400.00
- by lulegacy
- Apr 03, 2026
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Key Points
Truist cut Tesla's price target to $400 from $438 and maintained a "hold" rating, implying roughly a 10.9% upside from the stock's current level.
Analyst views are mixed: the MarketBeat consensus is a "Hold" with an average target of $402.61, while individual price targets range widely (about $145 to $600), showing divergent expectations among brokers.
Tesla posted a slight EPS and revenue beat but missed Q1 delivery estimates (~358k vs. ~365–372k), produced a ~50k inventory build, reported lower‑than‑expected 8.8 GWh energy deployments, and saw significant insider selling—factors pressuring near‑term sentiment. Is the Explosion of Single-Stock ETFs an Opportunity or a Danger?
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 shares were 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the company's stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. This trade represents a 43.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 53,804 shares of company stock worth $20,865,598. Company insiders own 19.90% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Networth Advisors LLC bought a new position in Tesla in the 4th quarter worth about $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla in the second quarter worth approximately $26,000. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% in 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 in the last quarter. Manning & Napier Advisors LLC bought a new stake in Tesla during the third quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust purchased a new position in Tesla in the 2nd quarter worth approximately $30,000. Institutional investors own 66.20% of the company's stock.
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