Tesla, Inc. $TSLA Stake Decreased by Blackston Financial Advisory Group LLC
- by lulegacy
- Mar 07, 2026
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Key Points
Blackston Financial Advisory Group LLC trimmed its Tesla stake by 71.4% in Q3, selling 2,277 shares and leaving it with 911 shares worth about $405,000.
Corporate insiders have been net sellers — Director James R. Murdoch sold 60,000 shares for roughly $26.7M and insiders sold a total of 145,188 shares (~$64.2M) over the last 90 days, with insiders now owning 19.9% of Tesla.
Tesla beat EPS estimates ($0.50 vs. $0.45) despite revenue declining 3.1% YoY; the stock trades with a market cap near $1.49T and holds an analyst consensus of "Hold" with a $406.84 price target. MarketBeat Week in Review – 03/02 - 03/06
In other Tesla news, 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 in the company, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 145,188 shares of company stock valued at $64,193,919 over the last ninety days. Corporate insiders own 19.90% of the company's stock.
Analyst Upgrades and Downgrades
TSLA has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a report on Tuesday, January 27th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, January 29th. Wells Fargo & Company lowered their price objective on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research note on Thursday, January 29th. Morgan Stanley set a $415.00 price objective on shares of Tesla and gave the stock an "equal weight" rating in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of Tesla in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $406.84.
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