Tesla (NASDAQ:TSLA) Upgraded by JPMorgan Chase & Co. to Neutral Rating
- by lulegacy
- Jun 05, 2026
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Key Points
JPMorgan upgraded Tesla from underweight to neutral and raised its price target sharply to $475 from $145, implying about 13.5% upside from the prior close.
Other analysts remain mixed on TSLA: recent calls ranged from buy to sell, and MarketBeat shows a current consensus rating of Hold with a consensus price target of $404.37.
The upgrade reflects growing investor focus on Tesla’s autonomy, robotics, and “physical AI” opportunities, with the company also seeing positive news from expanded Robotaxi activity and improving China-made EV sales. SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction 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 sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,218 shares of company stock valued at $20,609,455 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. Vanguard Group Inc. raised its stake in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. State Street Corp raised its stake in Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock valued at $51,647,164,000 after acquiring an additional 1,080,085 shares during the period. Geode Capital Management LLC raised its stake in Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer's stock valued at $29,426,070,000 after acquiring an additional 375,946 shares during the period. Capital World Investors increased its position in shares of Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock valued at $19,583,547,000 after buying an additional 2,403,019 shares during the period. Finally, Norges Bank bought a new stake in shares of Tesla during the fourth quarter valued at about $17,128,100,000. 66.20% of the stock is owned by hedge funds and other institutional investors.
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