Huntington National Bank Sells 2,546 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Feb 28, 2026
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Key Points
Huntington National Bank trimmed its Tesla stake by 1.8%, selling 2,546 shares and ending the quarter with 139,972 shares valued at about $62.25 million on its latest 13F filing.
There was notable insider selling this quarter — including Kimbal Musk (56,820 shares) and Kathleen Wilson‑Thompson (25,731 shares) — with insiders offloading 145,188 shares (~$64.2 million) while corporate insiders still own 19.90% and institutions hold 66.20% of the stock.
Tesla faces mixed catalysts: potential European rollouts for FSD/Cybercab and Megapack commercial wins versus execution and regulatory risks (Cybercab manager exit, China demand softening, lawsuits, and robotaxi progress scrutiny); the stock trades near $402 with a P/E ~373 and a market cap of about $1.51 trillion. MarketBeat Week in Review – 02/16 - 02/20
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 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 analyst estimates of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. Tesla's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on TSLA shares. JPMorgan Chase & Co. reduced their target price on Tesla from $150.00 to $145.00 and set an "underweight" rating on the stock in a report on Friday, January 30th. DZ Bank reissued a "sell" rating on shares of Tesla in a research note on Thursday, January 29th. President Capital reduced their price target on shares of Tesla from $517.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, January 30th. China Renaissance lifted their price target on shares of Tesla from $380.00 to $382.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Finally, Wedbush reissued an "outperform" rating and issued a $600.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Eighteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $408.09.
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