Image from MarketBeat Media, LLC. Key Points President Capital cut Tesla's price target to $424 from $500 while keeping a "buy" rating, implying about a 20% upside, versus a Street consensus "Hold" and an average price target of $400.44 (19 Buy / 13 Hold / 10 Sell). Shares face near-term pressure from execution and demand concerns after weaker-than-expected Q1 deliveries and a bearish JPMorgan scenario (~60% downside) that spurred analyst cuts and ETF/derivative selling. Insider selling accelerated, with executives and directors offloading a combined 53,804 shares (~$20.9M) in the last quarter, leaving insiders with roughly 19.9% ownership. 3 Edge AI Stocks to Watch as the Next Wave of AI Demand Builds In related news, CFO Vaibhav Taneja sold 2,264 shares of the business's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the transaction, the director directly owned 33,860 shares of the company's stock, valued at $12,166,913.80. The trade was a 43.25% 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 53,804 shares of company stock valued at $20,865,598 in the last quarter. 19.90% of the stock is currently owned by company insiders. Hedge Funds Weigh In On Tesla A number of hedge funds have recently bought and sold shares of TSLA. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $18,466,000. Purpose Unlimited Inc. acquired a new position in Tesla in the fourth quarter valued at about $328,776,000. Cornerstone Planning LLC purchased a new stake in shares of Tesla in the 4th quarter valued at approximately $665,000. AMG Asset Management Group Inc. acquired a new position in shares of Tesla in the 4th quarter worth approximately $610,000. Finally, Forty three Eighteen Advisors LLC acquired a new stake in Tesla in the 4th quarter valued at approximately $2,784,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Trending Headlines about Tesla