Tesla (NASDAQ:TSLA) Price Target Lowered to $280.00 at BNP Paribas Exane
- by lulegacy
- Mar 03, 2026
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Key Points
BNP Paribas Exane cut its Tesla price target to $280 (from $313) and kept an "underperform" rating, implying roughly a 28.4% downside from the stock's then‑current level.
Analyst views are mixed — 18 Buy, 14 Hold and 9 Sell — with a consensus target of $407.15 (average rating "Hold"), highlighting divergence among brokerages versus BNP Paribas Exane's bearish outlook.
Tesla shares traded down about 3% to $391.23; insiders sold roughly 145,188 shares (~$64.2M) in the last 90 days while institutional investors control about 66.2% of the stock, signaling simultaneous insider profit‑taking and strong institutional ownership. Tesla’s P/E Is Near a 5-Year High—Buy Signal or Panic Signal?
In other Tesla news, Director Kimbal Musk sold 56,820 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the transaction, the director directly owned 19,669 shares of the company's stock, valued at approximately $8,173,649.64. This trade represents a 56.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 145,188 shares of company stock worth $64,193,919 in the last 90 days. 19.90% of the stock is owned by corporate insiders.
Institutional Trading of Tesla
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Tesla in the fourth quarter valued at $17,128,100,000. Corient Private Wealth LLC lifted its stake in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Tesla by 56.0% during the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock worth $9,334,211,000 after purchasing an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. increased its position in Tesla by 882.8% during the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock worth $3,688,630,000 after buying an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after buying an additional 6,538,720 shares during the period. Institutional investors own 66.20% of the company's stock.
Tesla News Summary
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