Tesla, Inc. $TSLA is Baker Chad R's 6th Largest Position
- by lulegacy
- Mar 28, 2026
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Key Points
Baker Chad R trimmed its Tesla stake by 10.1% to 54,649 shares, making TSLA its 6th largest holding at 4.5% of the fund and worth about $24.83 million.
Institutional investors own 66.20% of Tesla with big increases from Vanguard, State Street and Capital World and a new Norges Bank position, while insiders have sold roughly 87,995 shares (~$38.3M) in the past 90 days and now hold 19.90%.
The near-term catalyst is Tesla’s Q1 delivery report on April 2 amid delivery concerns (consensus ~365k and a trimmed 2026 outlook of ~1.69M); analysts are mixed with a MarketBeat consensus of Hold and a $406.84 target, though some firms remain bullish. MarketBeat Week in Review – 03/23 - 03/27
In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the business's stock in a transaction dated Wednesday, February 25th. The shares were 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 in the company, valued at $8,173,649.64. The trade was a 56.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,995 shares of company stock valued at $38,315,650 over the last ninety days. Company insiders own 19.90% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Morgan Stanley set a $415.00 price objective on Tesla and gave the stock an "equal weight" rating in a research note on Thursday, January 29th. Barclays reissued a "neutral" rating on shares of Tesla in a research note on Wednesday, March 4th. The Goldman Sachs Group restated a "neutral" rating and set a $405.00 target price on shares of Tesla in a research report on Thursday, January 29th. Bank of America started coverage on Tesla in a research note on Wednesday, March 4th. They issued a "buy" rating and a $460.00 price objective for the company. Finally, Truist Financial cut their target price on Tesla from $439.00 to $438.00 and set a "hold" rating on the stock in a research report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $406.84.
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