Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “sell” rating restated by equities researchers at Glj Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $24.86 price target on the electric vehicle producer’s stock. Glj Research’s price objective would suggest a potential downside of 93.47% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BNP Paribas Exane cut shares of Tesla from a “hold” rating to an “underperform” rating in a research report on Friday, June 5th. Truist Financial increased their target price on Tesla from $400.00 to $430.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Guggenheim began coverage on Tesla in a report on Monday, June 29th. They issued a “neutral” rating on the stock. Mizuho reduced their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, China Renaissance decreased their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $408.05.
Check Out Our Latest Analysis on TSLA
Tesla Stock Up 3.1%
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, sell-side analysts predict that Tesla will post 1.34 EPS for the current fiscal year.
Insider Transactions at Tesla
In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is owned by company insiders.
Hedge Funds Weigh In On Tesla
Hedge funds and other institutional investors have recently made changes to their positions in the company. Networth Advisors LLC acquired a new stake in Tesla in the fourth quarter valued at $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla in the 3rd quarter valued at about $30,000. Prism Advisors Inc. bought a new stake in shares of Tesla in the 4th quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the 3rd quarter valued at about $31,000. 66.20% of the stock is owned by institutional investors.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla expanded its robotaxi service to Orlando and Tampa, reinforcing the company’s push to prove it can scale autonomous ride-hailing beyond its original markets. Reuters: Tesla expands robotaxi service to Orlando, Tampa ahead of earnings
- Positive Sentiment: Tesla’s Q2 deliveries came in far above expectations, with the company delivering 480,126 vehicles in its best quarter in two years, which improves the near-term setup heading into earnings. Motley Fool: Elon Musk’s Tesla Delivered 480,126 Vehicles in Its Best Quarter in 2 Years
- Positive Sentiment: Analysts and market watchers say the real stock drivers may be updates on robotaxi, Optimus, and broader AI initiatives rather than just the quarterly numbers, keeping investors focused on long-term growth optionality. MarketWatch: Tesla earnings are on deck, and investors will be looking to settle this major debate
- Neutral Sentiment: Options markets are pricing in a sizable post-earnings move, showing that traders expect volatility but are split on direction. Invezz: Tesla, Alphabet, Intel: which earnings bet is priced for chaos?
- Neutral Sentiment: Wall Street is increasingly focused on Tesla’s spending on AI, robotaxis, and robotics, with questions mounting about cash burn and when those investments will translate into profits. Reuters: Tesla cash burn to test investor faith in AI bets
- Negative Sentiment: Several reports note that Tesla remains the weakest performer among the Magnificent Seven in 2026, reflecting ongoing investor skepticism about valuation, margins, and competition. 24/7 Wall St: This Is the Mag 7’s Worst Performer Right Now. Can Q2 Change the Story?
- Negative Sentiment: Reports also point to a cautious setup around earnings, with some analysts warning that rising competition, heavy capital spending, and expected cash burn could pressure the stock if Tesla fails to deliver strong guidance. TipRanks: News Sentiment Turns Cautious on Tesla Ahead of Q2 Earnings
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.
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