Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “neutral” rating reissued by equities researchers at Jefferies Financial Group in a research note issued to investors on Sunday,MarketScreener reports.
Other analysts have also recently issued reports about the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research report on Wednesday, June 10th. Bank of America assumed coverage on Tesla in a research note on Wednesday, March 4th. They set a “buy” rating and a $460.00 price objective on the stock. UBS Group upped their target price on Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. Finally, Erste Group Bank upgraded Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Twenty-one analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $405.06.
Get Our Latest Analysis on Tesla
Tesla Stock Performance
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data 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. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts anticipate that Tesla will post 1.19 EPS for the current year.
Insider Activity
In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value 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 $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 57,824 shares of company stock valued at $21,657,588 in the last three months. Insiders own 19.90% of the company’s stock.
Institutional Investors Weigh In On Tesla
Several institutional investors and hedge funds have recently made changes to their positions in the company. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter valued at $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla in the 2nd quarter worth about $26,000. Davidson Capital Management Inc. boosted its holdings in shares of 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 buying an additional 27 shares during the period. Friedenthal Financial boosted its holdings in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares during the period. Finally, Prism Advisors Inc. bought a new stake in shares of Tesla during the 4th quarter valued at about $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Investors are encouraged by signs Tesla’s struggling EV business may be turning around, with one report noting the company could post a second straight quarter of growth when it reports on July 2. Should You Buy Tesla Stock Before July 2?
- Positive Sentiment: Tesla quietly filed a “Megapod” trademark, adding to speculation that Elon Musk may expand the company into AI data-center hardware and other adjacent businesses. Tesla Quietly Files Megapod Trademark — An AI Data Center Play That Could See Elon Musk Challenging Nvidia’s Dominance
- Positive Sentiment: Elon Musk boosted his Tesla voting power to nearly 20% after exercising stock options, which some investors may view as increasing management alignment and support for long-term strategic bets. Elon Musk Just Lifted His Tesla Voting Stake to Nearly 20%. Could a SpaceX Merger Be Next?
- Neutral Sentiment: Broader market commentary suggests major stocks, including TSLA, are trying to recover early Monday as rates ease some pressure. TSLA, PLTR and NVDA Forecasts – Major Stocks Trying to Rise Early on Monday
- Neutral Sentiment: Several brokerage and opinion pieces continue to frame Tesla as a hold or debate its long-term valuation, reflecting uncertainty rather than a clear catalyst. Tesla, Inc. (NASDAQ:TSLA) Given Average Rating of “Hold” by Brokerages
- Negative Sentiment: Jefferies cut its Tesla price target to $375 and warned that growing speculation about a future SpaceX-related tracking stock could create a valuation overhang for TSLA. Jefferies Lowers Tesla Target and Highlights Potential SpaceX Tracking Stock Risk
- Negative Sentiment: Another fatal crash involving a Tesla operating with driver-assistance features has renewed safety and regulatory concerns around Autopilot/FSD. A Tesla driver using auto assistance crashed into a Texas home, killing a woman
- Negative Sentiment: Criticism of Tesla’s self-driving system continues, with commentators arguing rivals such as Waymo may have a safer, more mature product. Ross Gerber Calls Waymo ‘Way Safer And Better’ Than Tesla’s FSD, Questions Whether Elon Musk Can ‘Catch Up’
Tesla Company Profile
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.
See Also
- Five stocks we like better than Tesla
- SpaceX’s Historic IPO Has Already Sparked a 2X ETF Frenzy
- Cheesecake Factory Stock Is Up Over 50%—Is There Room for More CAKE?
- Royal Caribbean’s Best Quarter Ever Still Leaves a Big Question
- Lululemon’s China Backlash May Be Hiding a Bigger Valuation Story
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.
