CCG Wealth Management LLC Has $2.02 Million Position in Tesla, Inc. $TSLA
- by lulegacy
- Apr 09, 2026
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Key Points
CCG Wealth Management reduced its stake by 56.4% in Tesla, now owning 4,497 shares worth about $2.02 million, which represents roughly 0.9% of its portfolio and is its 18th largest holding.
Tesla beat EPS estimates ($0.50 vs. $0.45) but revenue fell 3.1% year‑over‑year and Q1 deliveries missed consensus amid a record inventory build; the stock trades at a rich valuation (PE ~318) with a consensus "Hold" and a $400.44 average price target.
Insiders have been net sellers—53,804 shares (~$20.9M) sold in the last 90 days—and bearish analyst pressure is rising (JPMorgan reiterated an Underweight/sell with a $145 target), even as product catalysts like FSD 14.3 and Model Y expansion offer upside. A One-Stop Shop to Track the Magnificent Seven as Big Tech Tries to Stabilize
In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the company's stock in a transaction on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the transaction, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,804 shares of company stock worth $20,865,598. Corporate insiders own 19.90% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TSLA. Tigress Financial assumed coverage on Tesla in a report on Thursday, February 12th. They set a "buy" rating and a $550.00 price objective on the stock. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, January 29th. Truist Financial reduced their target price on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a report on Thursday, April 2nd. Wells Fargo & Company reduced 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, JPMorgan Chase & Co. reissued a "sell" rating on shares of Tesla in a report on Tuesday. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $400.44.
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