ICICI Prudential Asset Management Co Ltd Buys 4,211 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Feb 20, 2026
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Key Points
ICICI Prudential raised its Tesla stake by 22.7%, buying 4,211 shares to hold 22,751 shares worth about $10.12M, making TSLA its 15th-largest position (≈1.1% of the fund).
Insider selling has been notable recently: CFO Vaibhav Taneja sold 2,637 shares and director Kimbal Musk sold 56,820 shares, with insiders offloading 119,457 shares (~$53.5M) in the last 90 days while insiders still own 19.9%.
Institutional ownership is high (66.2%) and other major funds boosted positions, but Wall Street sentiment is mixed — consensus rating is "Hold" with a $408.09 target; Tesla reported a slight EPS beat ($0.50 vs. $0.45) while revenue fell 3.1% year-over-year. Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile
In related news, CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm'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 completion of the transaction, the director directly owned 1,391,615 shares of the company's stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 119,457 shares of company stock valued at $53,501,145. Company insiders own 19.90% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on TSLA shares. Morgan Stanley set a $415.00 target price on Tesla and gave the company an "equal weight" rating in a research report on Thursday, January 29th. The Goldman Sachs Group reissued a "neutral" rating and issued a $405.00 price objective on shares of Tesla in a research report on Thursday, January 29th. Evercore raised their target price on Tesla from $235.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, October 29th. CICC Research boosted their price target on shares of Tesla from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, December 18th. Finally, Barclays restated a "neutral" rating on shares of Tesla in a report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $408.09.
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