Tesla (NASDAQ:TSLA) Stock Keeps “Buy” Rating at Royal Bank Of Canada

Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued on Friday.

Other analysts have also recently issued reports about the stock. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. Glj Research reissued a “sell” rating on shares of Tesla in a research note on Friday, September 4th. UBS Group restated a “neutral” rating on shares of Tesla in a report on Thursday. Wells Fargo & Company reissued an “underweight” rating and issued a $130.00 target price (up from $125.00) on shares of Tesla in a research note on Tuesday, July 14th. Finally, DZ Bank upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $411.89.

Tesla Trading Down 1.5%

Shares of TSLA stock opened at $372.11 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.47 trillion, a P/E ratio of 344.55, a P/E/G ratio of 19.08 and a beta of 1.84. The business has a fifty day simple moving average of $347.72 and a 200-day simple moving average of $378.92. Tesla has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 3.67% and a return on equity of 3.82%. Tesla’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, analysts forecast that Tesla will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated 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 owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction 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. Insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marks Group Wealth Management Inc increased its stake in shares of Tesla by 1.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock worth $680,000 after purchasing an additional 25 shares during the period. Clear Trail Advisors LLC increased its holdings in shares of Tesla by 1.6% during the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after purchasing an additional 25 shares during the period. Peirce Capital Management LLC increased its stake in Tesla by 1.5% during the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after acquiring an additional 25 shares during the period. WealthTrust Axiom LLC grew its holdings in shares of Tesla by 1.6% during the 4th quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer’s stock worth $733,000 after purchasing an additional 26 shares in the last quarter. Finally, Retirement Planning Group LLC NY grew its stake in Tesla by 3.8% during the first quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 26 shares in the last quarter. Institutional investors 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 began delivering its long-delayed Semi electric truck to customers including PepsiCo, DHL and U.S. Foods. The company has started high-volume production at its Nevada factory and is targeting annual capacity of 50,000 trucks. The 500-mile range and elevated diesel prices could improve the economic case for fleet operators. Tesla begins delivering Semi trucks to customers after years of delays
• Positive Sentiment: Tesla reportedly secured a 2,500-truck electric Class 8 order, offering an important early demand signal for the Semi as the company expands beyond passenger vehicles. Tesla wins lead role in 2,500-truck electric Class 8 order
• Positive Sentiment: A new Roadster teaser ahead of the October 1 reveal and reopened reservations are supporting enthusiasm around Tesla’s product pipeline, although financial details remain limited. Tesla drops new Roadster teaser ahead of October 1 reveal
• Neutral Sentiment: Faraday chairman Jerry Wang said Optimus commercialization next year is realistic as software and training improve, but the claim is speculative and not a Tesla forecast. Tesla Optimus commercialization could be realistic next year
• Negative Sentiment: The European Union postponed a vote on Tesla’s supervised FSD system; the next apparent opportunity is not until December. The delay pushes back potential software revenue and broader regulatory adoption. EU vote on Tesla’s supervised self-driving system pushed back
• Negative Sentiment: Reports that Optimus production is constrained by robot-hand assembly and supplier bottlenecks undermine a major part of Tesla’s artificial-intelligence investment narrative. Tesla Optimus reportedly hits production snags
• Negative Sentiment: Belgian testing found FSD frequently exceeded speed limits and attempted prohibited cyclist passes, increasing regulatory, safety and reputational risks. Meanwhile, analysts continue to question whether Semi volumes and margins will justify Tesla’s premium valuation. Tesla supervised self-driving system often misreads speed limits

About Tesla

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.