Tesla’s (TSLA) Sell Rating Reiterated at Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reaffirmed by Glj Research in a research report issued on Thursday, Benzinga reports.

TSLA has been the subject of several other reports. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a report on Wednesday, September 16th. DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the company a “buy” rating in a report on Thursday, July 23rd. Tigress Financial reaffirmed a “buy” rating and issued a $550.00 target price on shares of Tesla in a report on Thursday, October 8th. Finally, HSBC reaffirmed a “reduce” rating and issued a $157.00 target price on shares of Tesla in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $412.33.

Tesla Stock Down 2.1%

TSLA stock traded down $7.72 during trading on Thursday, reaching $354.72. 61,828,226 shares of the stock were exchanged, compared to its average volume of 50,799,207. The firm’s 50 day moving average is $359.98 and its 200 day moving average is $376.90. Tesla has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.40 trillion, a P/E ratio of 328.45, a price-to-earnings-growth ratio of 23.84 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. As a group, research analysts forecast that Tesla will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of large investors have recently made changes to their positions in the stock. RKL Wealth Management LLC boosted its position in shares of Tesla by 3.5% during the 3rd quarter. RKL Wealth Management LLC now owns 9,399 shares of the electric vehicle producer’s stock valued at $3,335,000 after acquiring an additional 320 shares during the last quarter. Hengehold Capital Management LLC boosted its position in shares of Tesla by 14.9% during the 3rd quarter. Hengehold Capital Management LLC now owns 2,126 shares of the electric vehicle producer’s stock valued at $754,000 after acquiring an additional 276 shares during the last quarter. Eagle Strategies LLC boosted its position in shares of Tesla by 4.7% during the 3rd quarter. Eagle Strategies LLC now owns 8,195 shares of the electric vehicle producer’s stock valued at $2,908,000 after acquiring an additional 365 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its position in shares of Tesla by 6.6% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 2,488 shares of the electric vehicle producer’s stock valued at $883,000 after acquiring an additional 154 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC bought a new stake in shares of Tesla during the 3rd quarter valued at about $3,506,000. 66.20% of the stock is owned by institutional investors.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

About Tesla

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.