Tesla, Inc. (NASDAQ:TSLA) – Stock analysts at Piper Sandler lifted their Q1 2021 earnings per share estimates for shares of Tesla in a research note issued on Monday, April 5th. Piper Sandler analyst A. Potter now forecasts that the electric vehicle producer will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.46.

Several other research firms have also weighed in on TSLA. Edward Jones initiated coverage on shares of Tesla in a report on Wednesday, January 13th. They issued a “hold” rating on the stock. Wedbush upgraded Tesla from a “neutral” rating to an “outperform” rating in a research report on Sunday. Mizuho restated a “buy” rating and issued a $775.00 target price on shares of Tesla in a research report on Sunday. FIX upgraded Tesla to a “buy” rating in a report on Tuesday, March 9th. Finally, New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating in a research report on Monday, March 15th. Twelve research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $368.54.

Shares of TSLA opened at $670.97 on Wednesday. Tesla has a 12-month low of $106.67 and a 12-month high of $900.40. The firm has a market capitalization of $644.03 billion, a P/E ratio of 1,347.33, a P/E/G ratio of 8.81 and a beta of 2.18. The firm has a 50-day moving average price of $677.13 and a 200 day moving average price of $621.74. The company has a current ratio of 1.63, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, January 27th. The electric vehicle producer reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.17. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.38 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 44.9% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Tesla during the fourth quarter worth about $5,497,219,000. Northern Trust Corp increased its position in Tesla by 64.1% during the fourth quarter. Northern Trust Corp now owns 8,094,441 shares of the electric vehicle producer’s stock worth $5,712,005,000 after buying an additional 3,160,909 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Tesla by 61.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,384,831 shares of the electric vehicle producer’s stock valued at $2,388,575,000 after buying an additional 1,288,796 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tesla by 57.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,472,998 shares of the electric vehicle producer’s stock valued at $2,450,790,000 after acquiring an additional 1,263,228 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Tesla by 400.9% during the third quarter. California State Teachers Retirement System now owns 1,434,428 shares of the electric vehicle producer’s stock worth $615,384,000 after acquiring an additional 1,148,048 shares during the last quarter. Hedge funds and other institutional investors own 41.39% of the company’s stock.

In related news, CAO Vaibhav Taneja sold 1,844 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $595.08, for a total transaction of $1,097,327.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $675.85, for a total value of $8,110,200.00. Following the completion of the transaction, the director now directly owns 611,740 shares of the company’s stock, valued at $413,444,479. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,653 shares of company stock valued at $65,044,749. Insiders own 23.00% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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Earnings History and Estimates for Tesla (NASDAQ:TSLA)

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