Shariaportfolio Inc. Sells 17,996 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Apr 07, 2026
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Key Points
Shariaportfolio Inc. cut its Tesla stake by 14.7% (sold 17,996 shares), leaving 104,636 shares worth about $47.06 million — Tesla is the fund's largest holding at 19.8% of its portfolio.
Company insiders have been net sellers recently — 53,804 shares sold in the last three months (≈$20.87M), including sales by CFO Vaibhav Taneja and director Kathleen Wilson‑Thompson, with insiders now owning 19.9%.
Market signals are mixed: regulators closed an NHTSA probe and South Korea sales surged, but bearish notes (JPMorgan warned of ~60% downside), analyst target cuts and ETF outflows have increased volatility and downside risk for TSLA. 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 Tesla stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $359.33, for a total value 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. This represents a 43.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 53,804 shares of company stock valued at $20,865,598. Company insiders own 19.90% of the company's stock.
Analyst Ratings Changes
TSLA has been the topic of several research analyst reports. Mizuho set a $540.00 price objective on shares of Tesla and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Bank of America initiated coverage on shares of Tesla in a research note on Wednesday, March 4th. They set a "buy" rating and a $460.00 price target on the stock. Truist Financial decreased their price target on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company decreased their price target 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Tesla 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 ten have given a Sell rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average price target of $402.61.
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