OneAscent Financial Services LLC Cuts Stock Position in Tesla, Inc. $TSLA
- by lulegacy
- Jan 09, 2026
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Key Points
OneAscent Financial Services LLC cut its position in Tesla by 76.6% in Q3, selling 11,555 shares and ending the quarter with 3,539 shares worth $1.574 million.
Market signals are mixed: institutional ownership is 66.20% with some funds adding to stakes, but analysts and headlines diverge — a few raised price targets while delivery misses, rising competition (e.g., Nvidia), insider selling and several sell/reduce ratings increase near‑term downside risk. How the Mag 7’s 2025 Laggards Could Turn Into 2026 Winners
In other news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares of the company's stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the business's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on TSLA. Royal Bank Of Canada reissued a "buy" rating and issued a $500.00 price target on shares of Tesla in a report on Friday, January 2nd. Piper Sandler reaffirmed an "overweight" rating and issued a $500.00 price objective on shares of Tesla in a research report on Thursday. Stifel Nicolaus boosted their target price on shares of Tesla from $483.00 to $508.00 and gave the stock a "buy" rating in a research report on Monday, November 17th. President Capital cut their price target on shares of Tesla from $529.00 to $517.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Canaccord Genuity Group lifted their price objective on shares of Tesla from $482.00 to $551.00 and gave the stock a "buy" rating in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $408.54.
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