Tesla (NASDAQ:TSLA) Given New $400.00 Price Target at Truist Financial

Tesla (NASDAQ:TSLA) had its price objective decreased by Truist Financial from $438.00 to $400.00 in a research note released on Thursday morning,MarketScreener reports. Truist Financial currently has a hold rating on the electric vehicle producer’s stock.

TSLA has been the topic of several other research reports. Phillip Securities lowered their price objective on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Benchmark reiterated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $405.00 price target on shares of Tesla in a research report on Thursday, January 29th. Morgan Stanley set a $415.00 price objective on Tesla and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $402.61.

Tesla Stock Performance

Shares of Tesla stock opened at $360.59 on Thursday. The business has a 50-day simple moving average of $402.83 and a 200 day simple moving average of $427.85. The firm has a market capitalization of $1.35 trillion, a price-to-earnings ratio of 333.88, a PEG ratio of 11.31 and a beta of 1.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla has a one year low of $214.25 and a one year high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction on 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 owned 33,860 shares of the company’s stock, valued at $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 90 days, insiders have sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSLA. Networth Advisors LLC purchased a new position in shares of Tesla in the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter worth about $26,000. Davidson Capital Management Inc. boosted its stake in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the period. Manning & Napier Advisors LLC purchased a new position in Tesla during the 3rd quarter valued at about $29,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla during the second quarter valued at about $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: China demand showing improvement — China‑made EV sales rose ~8.7% in March, suggesting recovery in Tesla’s largest market that could stabilize revenue. Tesla’s China-made EV sales rise 8.7% in March — Reuters
• Positive Sentiment: Tesla continues to deploy energy storage (company reported 8.8 GWh in Q1), supporting its diversification beyond cars and a long‑term revenue stream. Tesla First Quarter 2026 Production, Deliveries & Deployments — BusinessWire
• Positive Sentiment: Geographic expansion: Tesla is ramping up stores and service infrastructure in Japan to chase the top imported‑car spot — a market push that could boost near‑term sales if execution holds. Tesla eyes Japan’s top imported-car spot — Reuters
• Neutral Sentiment: FSD / AI narrative remains a longer‑term upside: FSD v14.3 is in employee beta and broader rollouts could re‑accelerate monetization if safety/approval progress continues. Is Tesla’s FSD v14.3 Ready for a Wider Rollout? — Zacks
• Neutral Sentiment: SpaceX IPO / Musk‑ecosystem narratives are resurfacing; these are sentiment drivers rather than immediate earnings catalysts but can amplify volatility. Valuation to the Moon? SpaceX Gears Up for IPO — MarketBeat
• Negative Sentiment: Delivery miss: Q1 deliveries of ~358,000 missed Street expectations (~365–372k), the principal near‑term catalyst for the share decline as investors feared waning end‑market demand. Tesla’s first-quarter deliveries miss estimates — Reuters
• Negative Sentiment: Inventory build: Tesla produced ~408k vehicles but delivered ~358k, creating a ~50k gap that raises concerns about slowing demand, potential discounts and margin pressure. Tesla production vs deliveries — BusinessWire
• Negative Sentiment: Energy storage deployment fell short of some expectations (reported 8.8 GWh vs higher Street forecasts), magnifying worries that both core EV and energy businesses are underperforming. Delivery shortfall and energy storage disappointment — Blockonomi
• Negative Sentiment: Analyst cuts, competition and insider selling: a few sell/hold reiterations and visible insider sales (director Kathleen Wilson‑Thompson) plus BYD’s strong export growth are pressuring sentiment and amplify downside risk. GLJ maintains sell rating on Tesla — Yahoo Finance Tesla director sold $9.27M in stock — InsiderTrades BYD nearly matches Tesla’s exports — Benzinga

Tesla Company Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.