Conning Inc. Cuts Stake in Tesla, Inc. $TSLA

Posted by Brenda Bartman on Jul 11th, 2026

Conning Inc. cut its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 13.9% during the first quarter, Holdings Channel reports. The firm owned 12,804 shares of the electric vehicle producer’s stock after selling 2,066 shares during the quarter. Conning Inc.’s holdings in Tesla were worth $4,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Networth Advisors LLC purchased a new position in shares of Tesla in the fourth quarter worth $26,000. Chapman Financial Group LLC purchased a new position in Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. increased its holdings in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Friedenthal Financial lifted its stake in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Finally, Prism Advisors Inc. purchased a new stake in Tesla in the 4th quarter worth $30,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Robert W. Baird cut their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. TD Cowen reiterated a “buy” rating on shares of Tesla in a research report on Monday, June 29th. Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a report on Friday, June 12th. Finally, The Goldman Sachs Group started coverage on Tesla in a research report on Friday, June 5th. They set a “buy” rating for the company. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $406.87.

Get Our Latest Report on Tesla

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla’s Q2 2026 deliveries came in at a record 480,126 vehicles, beating expectations and reinforcing that demand remains resilient. Elon Musk Has Mojo Back, As Tesla Quarterly Deliveries Skyrocket
Positive Sentiment: Tesla gained share in China, and the Model Y reclaimed the country’s best-selling vehicle title in June, helping support the bull case for international growth. Tesla Faces Possible Robotaxi Ban In New Jersey, But It Gains Market Share In China
Positive Sentiment: UBS raised its price target on Tesla to $442 from $364, while RBC lifted its target to $500, signaling continued Wall Street confidence in the stock’s longer-term upside. Tesla (NASDAQ:TSLA) Given New $442.00 Price Target at UBS Group
Neutral Sentiment: Analyst commentary remains mixed: Citizens started coverage with a Hold/Market Perform stance, and Zacks trimmed several future EPS estimates even as it raised its FY2026 forecast. Tesla Stock: Citizens Begins Coverage of TSLA with Caution on Physical AI Timeline
Negative Sentiment: Investors are still worried that Robotaxi and Optimus may take longer to scale, with multiple reports saying the valuation already prices in a faster rollout than the business can currently deliver. The Massive Valuation Risk Keeping Tesla Stock From Breaking Out
Negative Sentiment: Regulatory risk remains an overhang, including a proposed New Jersey bill that could restrict Tesla’s self-driving efforts because it does not rely on radar and lidar. Tesla Faces Possible Robotaxi Ban In New Jersey, But It Gains Market Share In China
Negative Sentiment: Legal and governance concerns around Elon Musk and Tesla’s autonomy claims continue to weigh on sentiment, including fresh scrutiny of Musk’s SEC settlement and ongoing lawsuits tied to Autopilot and workplace issues. Elon Musk SEC Settlement Raises ‘Red Flags,’ Judge Says

Tesla Stock Up 0.3%

NASDAQ TSLA opened at $407.76 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 52 week low of $297.82 and a 52 week high of $498.83. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 374.09, a PEG ratio of 14.89 and a beta of 1.80. The company has a fifty day moving average of $410.46 and a two-hundred day moving average of $409.23.

Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results 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 firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. On average, analysts predict that Tesla, Inc. will post 1.3 earnings per share for the current year.

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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