Evergreen Capital Management 13F: Cuts TSLA Stake by $3.4M

Evergreen Capital Management cut its stake in Tesla, Inc. TSLA by 22.0% during the period, according to a Form 13F filed with the SEC on October 23, 2026. The firm sold 9,654 shares of the electric vehicle maker, leaving it with 34,140 shares valued at approximately $12.1 million.

TSLA Tesla, Inc.

$372.22 ▼ -15.03% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Evergreen Capital Management's Tesla, Inc. Position

The fund previously held 43,794 shares of Tesla, Inc. TSLA before reducing the position by 9,654 shares. The remaining stake of 34,140 shares was worth $12,113,264 at the time of the filing.

Other Institutional Activity in Tesla, Inc.

Other major holders adjusted their positions around the same time. Howland Capital Management grew its holdings by 7,709 shares, ending with 45,476 shares worth about $16.1 million after a 14.5% cut. BSN Capital Partners sold out entirely, getting rid of all 12,531 shares it held. Midwest Trust added 28,976 shares for a 15.6% increase, bringing its total to 214,234 shares valued at roughly $76.0 million. Perigon Wealth Management trimmed 27,071 shares, resulting in 80,129 shares worth about $28.4 million following a 25.3% reduction. RMR Wealth Builders cut its stake by 4,358 shares, winding up with 15,796 shares valued at about $5.6 million after a 21.6% decrease.

Tesla, Inc. Stock Down 3.7%

Tesla, Inc. TSLA closed at $372.22 on October 23, 2026. The stock recently traded around $372.22 as of October 24, 2026. The shares sit about 2.5% above their 50-day moving average of $363.12 and roughly 38.7% below their 52-week high of $498.83.

Recent Earnings

Tesla, Inc. TSLA generated $103.6 billion in trailing twelve month revenue with a net profit margin of 3.1%. The company reported earnings of $0.91 per share over the same period, alongside a return on equity of 3.8%. The next earnings report is scheduled for January 27, 2027.

Dividend

Tesla, Inc. TSLA does not pay a dividend, maintaining a payout ratio of 0.0% and a dividend yield of 0.0%.

Insider Buying and Selling at Tesla, Inc.

Company insiders executed several transactions earlier in the year. Director Thompson Kathleen Wilson disposed of 26,409 shares on April 30, 2026, in a deal valued at about $10.0 million. Chief Financial Officer Vaibhav Taneja sold 3,000 shares at $450.00 on May 13, 2026, for $1.35 million, followed by sales of 2,605 shares at $402.20 on June 8, 2026, and 2,605 shares at $360.13 on September 8, 2026.

Analysts Set New Price Targets

Wall Street analysts issued multiple updates ahead of the filing. On October 22, 2026, UBS maintained a Neutral rating while raising its target to $425.00. CLSA upgraded the stock to Hold with a $400.00 target. Canaccord Genuity kept a Buy rating and lifted its target to $442.00. Morgan Stanley kept an Equal-Weight rating and raised its target to $410.00. BNP Paribas upgraded the stock to Neutral with a $420.00 target. The stock carries a consensus Buy rating from 38 analysts with a mean price target of $408.36.

About Tesla, Inc.

Tesla, Inc. TSLA builds electric vehicles and energy storage systems. The Austin-based company operates automotive and energy segments, selling cars alongside regulatory credits and charging services.

Bottom Line

Evergreen Capital Management reduced its exposure to Tesla, Inc. TSLA during a period of active institutional adjustments. Investors can monitor upcoming earnings on January 27, 2027, and future SEC filings to track how major funds manage their holdings.