Perigon Wealth Management 13F: Cuts Tesla (TSLA) Stake by $9.6M

Perigon Wealth Management lowered its stake in Tesla, Inc. TSLA during the quarter, according to a Form 13F filing with the SEC on October 22, 2026. The firm sold 27,071 shares, marking a 25.2% reduction in its holdings. That left the firm with 80,129 shares valued at approximately $28.4 million at the end of the period.

TSLA Tesla, Inc.

$374.58 ▼ -14.49% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Perigon Wealth Management's Tesla, Inc. Position

Perigon Wealth Management held 107,200 shares of the electric vehicle maker before the reduction. Shedding more than a quarter of the position brought the firm's total down to 80,129 shares. The remaining stake was worth $28,430,641 when the filing was submitted.

Other Institutional Activity in Tesla, Inc.

Other institutional investors also adjusted their positions in the automaker during the same filing period. Midwest Trust grew its holdings by 28,976 shares, ending with 214,234 shares worth about $76.0 million after a 15.6% increase.

Tesla, Inc. Stock Up 0.3%

Tesla shares closed at $374.58 on October 22, 2026, and recently traded at $374.67. The stock sits above its 50-day moving average of $362.18, while trading below its 200-day moving average of $386.94. The company carries a market capitalization of roughly $1.53 trillion.

Recent Earnings

Tesla generated $103.6 billion in trailing twelve month revenue alongside earnings of $1.08 per share.

Insider Buying and Selling at Tesla, Inc.

Company insiders completed several transactions earlier in the year. Chief Financial Officer Vaibhav Taneja sold 3,000 shares on May 13, 2026, at $450.00 per share for a total of $1.35 million. Taneja later sold 2,605 shares on June 8, 2026, at $402.20 per share, and another 2,605 shares on September 8, 2026, at $360.13 per share. Director Thompson Kathleen Wilson sold 26,409 shares on April 30, 2026, valued at nearly $10.0 million.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on Tesla on October 22, 2026. UBS maintained a Neutral rating while raising its price target from $391.00 to $425.00. CLSA upgraded the stock to Hold with a target of $400.00, moving up from $310.00. Canaccord Genuity maintained a Buy rating and lifted its target from $410.00 to $442.00. Morgan Stanley kept an Equal-Weight rating, raising its target from $400.00 to $410.00. BNP Paribas upgraded the stock to Neutral and bumped its target from $266.00 to $420.00. The consensus rating stands at Buy with a mean target of $397.83 across 38 analyst opinions.

About Tesla, Inc.

Tesla, Inc. builds battery-electric vehicles and energy storage products. The company operates automotive and energy segments, selling cars alongside solar systems and regulatory credits. Institutional adjustments like Perigon's reduction offer a window into how professional managers rebalance exposure to the massive automaker.

Bottom Line

Investors tracking institutional sentiment will look to upcoming filings to see if the selling pressure from firms like Perigon continues. The stock maintains a broad following among analysts as the company navigates consumer demand trends in the automotive sector.