Truist Financial Corp Boosts Stock Holdings in Tesla, Inc. $TSLA
- by lulegacy
- May 04, 2026
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Key Points
Truist Financial increased its Tesla stake by 2.4% in Q4, adding 18,100 shares to hold 778,386 shares worth about $350.06 million.
Insiders have been net sellers: 53,804 shares (~$20.9 million) were sold in the last 90 days, including sales by the CFO and a director, while corporate insiders still own 19.9% and institutions own 66.2% of the stock.
Tesla slightly beat EPS expectations for the quarter ($0.41 vs. $0.39) but missed revenue estimates, and the stock carries a consensus "Hold" rating with an average target of $398.42 and a market cap of about $1.47 trillion (P/E ~358.6). Tesla’s Earnings Confirm the Shift to AI—But at What Cost?
In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction dated 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 owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm's stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the transaction, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 53,804 shares of company stock worth $20,865,598. Corporate insiders own 19.90% of the company's stock.
Tesla Stock Performance
Shares of TSLA stock opened at $390.82 on Monday. The stock's 50-day moving average is $383.09 and its two-hundred day moving average is $419.10. The firm has a market cap of $1.47 trillion, a price-to-earnings ratio of 358.55, a PEG ratio of 14.87 and a beta of 1.79. Tesla, Inc. has a 1 year low of $271.00 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. Analysts predict that Tesla, Inc. will post 1.25 earnings per share for the current year.
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