Tesla (NASDAQ:TSLA) Earns "Outperform" Rating from Wedbush
- by lulegacy
- Jan 29, 2026
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Key Points
Wedbush reiterated an "outperform" rating on Tesla with a $600 price target, implying roughly a 42.7% upside from the stock's current level.
Tesla beat Q4 EPS and revenue estimates and flagged strong energy‑storage growth and ~1.1M active FSD subscriptions, but reported a ~3% full‑year revenue decline and softer vehicle volumes, underscoring mixed near‑term fundamentals.
The Street's consensus is a "Hold" with a $410.86 average price target while shares traded near $420 (down ~2.6%), and insiders sold about 119,457 shares (~$53.5M) last quarter, highlighting divergent analyst views and insider selling. MarketBeat Week in Review – 01/19 - 01/23
In related news, Director Kimbal Musk sold 56,820 shares of the business's stock in a transaction 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 transaction, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 119,457 shares of company stock worth $53,501,145. Corporate insiders own 19.90% of the company's stock.
Institutional Trading of Tesla
Several institutional investors and hedge funds have recently bought and sold shares of the business. Narwhal Capital Management boosted its stake in shares of Tesla by 32.8% during the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock worth $4,232,000 after acquiring an additional 2,350 shares in the last quarter. Norges Bank acquired a new stake in shares of Tesla during the second quarter valued at $11,839,824,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Tesla by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock worth $135,688,000 after purchasing an additional 22,607 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in Tesla by 1,823.0% in the 2nd quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer's stock worth $21,704,000 after acquiring an additional 64,772 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of Tesla by 20.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 16,565 shares of the electric vehicle producer's stock worth $7,367,000 after purchasing an additional 2,765 shares during the last quarter. Institutional investors own 66.20% of the company's stock.
Key Tesla News
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