Tesla (NASDAQ:TSLA) Price Target Cut to $424.00 by Analysts at President Capital

07 Apr 2026, 13:54 by Michael Walen · The Markets Daily

Tesla (NASDAQ:TSLA – Get Free Report) had its target price cut by research analysts at President Capital from $500.00 to $424.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the electric vehicle producer’s stock. President Capital’s target price would suggest a potential upside of 20.17% from the stock’s previous close.

A number of other research analysts also recently commented on the company. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a report on Thursday, January 29th. China Renaissance lifted their target price on Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. New Street Research raised their target price on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, Wells Fargo & Company cut their target price on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and ten have issued a Sell rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $400.44.

Read Our Latest Stock Analysis on Tesla

Tesla Trading Down 2.2%

Shares of TSLA stock opened at $352.82 on Tuesday. The firm has a 50-day moving average price of $399.41 and a 200 day moving average price of $427.11. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla has a twelve month low of $214.25 and a twelve month high of $498.83. The company has a market capitalization of $1.32 trillion, a price-to-earnings ratio of 326.69, a PEG ratio of 10.69 and a beta of 1.91.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period last year, the business posted $0.73 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Research analysts forecast that Tesla will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares of the company’s stock, valued at $12,166,913.80. This trade represents a 43.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 53,804 shares of company stock valued at $20,865,598. Insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Norges Bank bought a new position in Tesla in the fourth quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC grew its position in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Bank of America Corp DE raised its holdings in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its stake in Tesla by 882.8% in the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Cathie Wood’s ARK ETFs bought roughly $14M of Tesla stock across funds, signaling a high-profile conviction that may stabilize demand from growth-focused institutional investors. Cathie Wood Defies Delivery Slump and Bets $14M on Tesla’s (TSLA) Dip
Positive Sentiment: U.S. safety regulators closed the probe into Tesla’s “Actually Smart Summon” after software fixes and low crash severity, removing a regulatory overhang that had weighed on sentiment. US regulator ends probe into Tesla’s ‘actually smart summon’ feature
Positive Sentiment: Selective international demand is improving: Germany registrations reportedly quadrupled year-over-year in March, South Korea saw a ~330% surge, and UK registrations rose — signs that geographic pockets of strength exist despite the broader delivery miss. Tesla registrations in Germany quadruple in March, KBA says
Neutral Sentiment: Tesla remains a core holding in broad tech/QQQ-focused narratives and ETF flows; some market-level rotation and institutional buying in mega-cap tech could support shares, but this is indirect and depends on macro momentum. A One-Stop Shop to Track the Magnificent Seven as Big Tech Tries to Stabilize
Neutral Sentiment: Discussion around a potential SpaceX IPO is creating tactical suggestions (trim TSLA to wait for SpaceX) — a liquidity/attention risk for Musk-linked investors but speculative in its effect on Tesla’s fundamentals. Will the SpaceX IPO Be Bad News for Tesla’s Stock?
Negative Sentiment: Tesla reported weaker-than-expected Q1 deliveries (the core near-term catalyst), which directly pressured the stock as investors worry demand is softening and guidance/earnings risk rises. Tesla Posts Weaker-than-Expected Deliveries for Q1 2026
Negative Sentiment: JPMorgan reiterated a very bearish scenario (a ~60% downside target) citing record unsold inventory and free cash flow pressure — that note has amplified selling and analyst target cuts across the street. JPMorgan Warns Tesla (TSLA) Stock Could Plunge 60% — Analyst Breakdown
Negative Sentiment: Short-term selling has been concentrated in ETFs and derivative flows (TSLL/levered products and puts), and several sell-side analysts have trimmed targets — adding to downward momentum amid execution concerns. Tesla’s Dip Triggers TSLL Selloff—Why Are ETF Traders So Nervous?

About Tesla

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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.