Tesla (NASDAQ:TSLA) Price Target Cut to $215.00 by Analysts at Phillip Securities

Tesla (NASDAQ:TSLA) had its price objective dropped by equities research analysts at Phillip Securities from $220.00 to $215.00 in a report released on Wednesday,MarketScreener reports. The brokerage presently has a “sell” rating on the electric vehicle producer’s stock. Phillip Securities’ price objective indicates a potential downside of 50.96% from the company’s previous close.

Several other analysts have also recently commented on TSLA. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Tesla in a research note on Wednesday, April 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $510.00 target price on shares of Tesla in a report on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Benchmark restated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Tuesday, April 21st. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $398.29.

Tesla Stock Up 1.1%

Shares of NASDAQ TSLA opened at $438.41 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 402.21, a price-to-earnings-growth ratio of 17.17 and a beta of 1.79. The business has a 50-day moving average of $384.23 and a two-hundred day moving average of $418.21. Tesla has a 1 year low of $273.21 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the company posted $0.27 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. On average, analysts forecast that Tesla will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The shares were 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 approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 80,213 shares of company stock valued at $30,851,105. Company insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Tesla in the 4th quarter worth $17,128,100,000. Corient Private Wealth LLC raised 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 valued at $9,650,811,000 after buying an additional 20,810,386 shares in the last quarter. Bank of America Corp DE lifted its holdings in Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after acquiring an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. lifted its holdings in shares of Tesla by 882.8% in the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after purchasing an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla was authorized to test supervised self-driving software on public roads in Belgium’s Flanders region, adding another regulatory step forward for its autonomy ambitions. Reuters: Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: News that Tesla is expanding capacity with about $250 million in added spending at its German factory supports the growth story around battery production and European demand. Reuters: Tesla to invest $250 million in battery plant outside Berlin
• Positive Sentiment: Investors also reacted to reports that Tesla’s CEO is heading to China as the company seeks Full Self-Driving approvals and broader business support in its largest growth market. Yahoo Finance: U.S. CEOs seek China business gains from Trump-Xi summit
• Positive Sentiment: Coverage emphasizing Tesla’s AI, robotaxi, and Optimus opportunities is helping traders focus on long-term upside rather than near-term EV noise. Yahoo Finance: Tesla’s AI Chip Pivot Reshapes Valuation Story
• Neutral Sentiment: Several analysts reiterated mixed valuation views, with some seeing meaningful upside from autonomy and robotics while others warned the stock already reflects a lot of future success. TipRanks: Tesla Stock Forecast
• Neutral Sentiment: Observers also noted that Tesla’s stock has already had a sharp run, prompting some “fairly valued” or hold-style commentary after recent gains. TipRanks: Tesla races to boost capacity as BYD doubles down on Europe
• Negative Sentiment: China sales weakness remains a concern, with reports that April retail sales fell and Tesla slipped out of China’s top 10 EV makers, underscoring competitive pressure in a key market. Benzinga: Tesla launches affordable financing plan after dropping out of China’s top EV 10 makers
• Negative Sentiment: Recall and robotaxi rollout concerns are weighing on sentiment, including a Cybertruck recall and reports of long waits, missed stops, and other issues in Tesla’s Texas robotaxi test. Reuters: Tesla’s robotaxi rollout features Texas-sized wait times

About Tesla

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.