Tesla’s (TSLA) “Sell” Rating Reaffirmed at Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reissued by investment analysts at Glj Research in a report issued on Friday, Benzinga reports. They presently have a $24.86 price objective on the electric vehicle producer’s stock. Glj Research’s target price would indicate a potential downside of 92.98% from the stock’s previous close.

TSLA has been the subject of a number of other research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a report on Thursday, July 23rd. UBS Group set a $460.00 price target on Tesla in a research note on Thursday, July 23rd. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Piper Sandler dropped their price objective on shares of Tesla from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Finally, Sanford C. Bernstein upgraded shares of Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $401.73.

Tesla Price Performance

TSLA stock traded down $22.33 during trading on Friday, reaching $354.03. 20,850,469 shares of the company were exchanged, compared to its average volume of 53,180,090. The company has a 50-day moving average of $358.73 and a two-hundred day moving average of $383.30. The company has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 327.09, a P/E/G ratio of 18.02 and a beta of 1.84. Tesla has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was up 25.5% on a year-over-year basis. As a group, equities analysts predict that Tesla will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Tesla by 41,911.1% in the 2nd quarter. California State Teachers Retirement System now owns 1,797,248,195 shares of the electric vehicle producer’s stock worth $755,922,591,000 after acquiring an additional 1,792,970,163 shares in the last quarter. Norges Bank bought a new stake in shares of Tesla during the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC grew its stake in Tesla by 3,205.5% during the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Legal & General Group Plc bought a new stake in Tesla in the second quarter worth approximately $8,535,612,000. Finally, Bank of New York Mellon Corp bought a new stake in Tesla in the second quarter worth approximately $6,083,630,000. 66.20% of the stock is owned by institutional investors.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began limited public Cybercab rides in Austin, marking a tangible step toward Elon Musk’s strategy of transforming the company from a lower-margin automaker into a recurring-revenue autonomous transportation platform. Tesla Cybercab Hits Austin Streets — What It Means for TSLA Stock
• Positive Sentiment: Tesla is soliciting businesses interested in buying Cybercab fleets or supplying infrastructure, potentially allowing third-party operators to accelerate network expansion without Tesla funding every vehicle and operating location itself. Tesla is asking people if they want to buy and run Cybercab fleets
• Positive Sentiment: France has started testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory approval. Tesla also says the Cybercab motor uses no rare-earth metals, which could reduce supply-chain risk. France starts tests on Tesla’s self-driving tech
• Neutral Sentiment: Options traders reportedly placed about $900 million in call premium ahead of the reveal, showing strong speculative interest but also increasing the risk of volatile, sentiment-driven trading. Traders Just Put $900 Million of Call Premium Behind Tesla Before the Cyber Cab Reveal
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs, examining Tesla’s technical data and process for claiming compliance with federal safety standards. The review creates additional regulatory and potential delay risk for the robotaxi business. US auto safety regulator opens probe into nearly 1,000 Tesla Cybercabs
• Negative Sentiment: Coverage characterized the launch as subdued, with investors left questioning deployment scale, safety, economics, and who would capture profits. Morgan Stanley has warned that a limited rollout could pressure the stock. Tesla Falls 3% as Cybercab Launch Leaves Deployment Questions Unanswered
• Negative Sentiment: Broader market pressure following a weaker-than-expected August jobs report is adding to the selling, while Tesla’s extreme valuation leaves little room for execution missteps. The company’s latest quarterly EPS of $0.33 also missed the $0.50 consensus estimate.

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.