Tesla, Inc. $TSLA Stake Cut by Assenagon Asset Management S.A.
- by lulegacy
- Mar 24, 2026
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Key Points
Assenagon Asset Management S.A. cut its Tesla stake by 32.8% in Q4, selling 1,076,030 shares and leaving it with 2,209,375 shares worth about $993.6 million — roughly 1.4% of the firm's portfolio and its 7th largest holding.
Tesla beat Q4 EPS estimates ($0.50 vs. $0.45) and reported $24.90 billion in revenue, but revenue was down 3.1% year‑over‑year; the stock trades at a high valuation (market cap ~$1.43 trillion, PE ~352.6) and carries a consensus MarketBeat rating of "Hold" (target ~$406.84).
Near‑term headwinds include regulatory risk from an NHTSA probe into Full Self‑Driving and notable insider selling (87,995 shares, ~$38.3 million over three months), while Tesla's plan for costly chip fabs (Terafab) could boost capex and execution risk despite potential long‑term benefits. Is the ARK Innovation ETF Finding a Floor? Tesla and Robinhood Set the Tone
Several equities research analysts recently weighed in on TSLA shares. New Street Research increased their price target on Tesla from $520.00 to $600.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a research note on Thursday, January 29th. Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Monday, February 2nd. Wells Fargo & Company lowered their target price on shares of Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a report on Thursday, January 29th. Finally, Truist Financial dropped their price target on shares of Tesla from $439.00 to $438.00 and set a "hold" rating on the stock in a research note on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $406.84.
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