Tesla, Inc. (NASDAQ:TSLA) Receives Consensus Rating of “Hold” from Analysts

Tesla, Inc. (NASDAQ:TSLA) has been given an average rating of “Hold” by the forty-five analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $401.7435.

A number of brokerages have commented on TSLA. China Renaissance decreased their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Canaccord Genuity Group set a $410.00 target price on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price target on shares of Tesla and gave the company a “hold” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $130.00 price objective (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th.

Tesla Price Performance

Tesla stock opened at $330.88 on Tuesday. The business’s fifty day moving average is $377.06 and its two-hundred day moving average is $392.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market cap of $1.31 trillion, a P/E ratio of 306.37, a P/E/G ratio of 16.59 and a beta of 1.83. Tesla has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, July 22nd. 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 business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same quarter last year, the business posted $0.33 earnings per share. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. Equities research analysts forecast that Tesla will post 0.88 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly directed about $372 million into Tesla, while a broader technology rally and expectations for long-term AI and autonomy growth have supported demand for the shares. Why Retail Investors Are Flooding Back Into Tesla
• Positive Sentiment: Tesla’s proposed $10.1 billion solar-cell factory in Texas signals a potentially significant expansion of its energy business and could strengthen the company’s longer-term growth narrative beyond vehicle sales. Tesla Files Plans for a $10.1 Billion Solar Factory in Texas
• Positive Sentiment: A six-seat Model Y configuration helped drive Tesla’s strongest July performance in Australia, offering evidence that product variations may expand demand in family-oriented markets. Tesla’s New 6-Seat Model Y
• Positive Sentiment: Analysts and investors continue to highlight Tesla’s app, services and charging ecosystem as ways to monetize its installed vehicle base without relying exclusively on new-car sales. Tesla Just Found Another Way to Grow Without Selling a Car

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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.

Institutional Trading of Tesla

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Tesla in the 4th quarter worth $17,128,100,000. Corient Private Wealth LLC increased its holdings in Tesla by 3,205.5% in 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 purchasing an additional 20,810,386 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Tesla in the second quarter valued at about $6,083,630,000. Deutsche Bank AG bought a new position in Tesla during the second quarter worth about $4,039,090,000. Finally, Bank of America Corp DE grew its position in shares of Tesla by 56.0% during the 4th 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 buying an additional 7,450,766 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.