CIBC Asset Management Inc Increases Stake in Tesla, Inc. $TSLA
- by lulegacy
- Jun 03, 2026
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Key Points
CIBC Asset Management increased its Tesla stake by 52.5% in the fourth quarter, buying 370,156 more shares and bringing its total holdings to 1,074,771 shares valued at about $483.3 million.
Insider selling picked up, with CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson both selling shares; insiders sold 57,482 shares worth $21.5 million over the last quarter.
Analysts remain mixed on TSLA, with 19 Buy ratings, 17 Hold ratings, and 5 Sell ratings, while MarketBeat’s consensus view stays at Hold with a $395.20 target price. Insider Activity at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,482 shares of company stock valued at $21,508,331. 19.90% of the stock is owned by company insiders.
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