Tesla (NASDAQ:TSLA) Earns Buy Rating from Analysts at Bank of America
- by lulegacy
- Mar 04, 2026
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Key Points
Bank of America initiated coverage on Tesla with a Buy rating and a $460 price target, implying roughly a 13.2% upside and citing Tesla’s leadership in autonomy/robotaxi potential.
Analyst sentiment remains mixed — Tesla has a consensus Hold rating with an average target of $406.84 (19 Buys, 13 Holds, 9 Sells) — and the stock traded up about 3.5% to $406.24 midday, close to that average target.
Tesla beat Q4 EPS ($0.50 vs $0.45) and revenue ($24.9B) but revenue was down 3.1% YoY; the shares trade at a high P/E (~376) and face near‑term risks including an NHTSA March 9 FSD data deadline and recent insider selling (~145,188 shares, ~$64.2M over 90 days). MarketBeat Week in Review – 02/23 - 02/27
In other Tesla news, Director Kimbal Musk sold 56,820 shares of the company's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction dated Friday, January 2nd. The stock was 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 directly owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 145,188 shares of company stock valued at $64,193,919 in the last ninety days. 19.90% of the stock is owned by company insiders.
Institutional Trading of Tesla
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Narwhal Capital Management lifted its stake in shares of Tesla by 32.8% during the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock valued at $4,232,000 after acquiring an additional 2,350 shares during the period. Norges Bank acquired a new position in shares of Tesla in the 2nd quarter valued at approximately $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock valued at $135,688,000 after purchasing an additional 22,607 shares during the period. China Universal Asset Management Co. Ltd. increased its stake in Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after purchasing an additional 3,935 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Tesla by 26.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after buying an additional 3,724 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Tesla
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