Roth Capital reissued their buy rating on shares of Tesla (NASDAQ:TSLA – Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $505.00 price objective on the electric vehicle producer’s stock.
Several other equities research analysts have also issued reports on the company. UBS Group set a $460.00 price target on Tesla in a report on Thursday. BNP Paribas Exane downgraded Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. TD Cowen reaffirmed a “buy” rating and set a $460.00 price objective (down from $490.00) on shares of Tesla in a research report on Thursday. Morgan Stanley reduced their target price on shares of Tesla from $417.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Citigroup started coverage on shares of Tesla in a research report on Thursday, July 9th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $404.95.
Get Our Latest Stock Analysis on TSLA
Tesla Price Performance
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) 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 firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the business posted $0.33 EPS. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, sell-side analysts predict that Tesla will post 1.33 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 the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 32,015 shares of company stock worth $12,383,640 over the last three months. 19.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Tesla
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Crestwood Advisors Group LLC lifted its position in Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC increased its holdings in Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after buying an additional 2,341 shares during the period. Private Capital Advisors Inc. increased its holdings in Tesla by 139.3% in the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after buying an additional 12,417 shares during the period. Wealthquest Corp acquired a new position in shares of Tesla in the 4th quarter valued at $1,035,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after acquiring an additional 16,652 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Record quarterly revenue and deliveries show Tesla is still growing its top line. Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off?
- Positive Sentiment: Some investors remain bullish on the long term, with ARK/Cathie Wood buying the dip after the post-earnings slump. Cathie Wood’s Ark Bought the Dip in Tesla Stock
- Neutral Sentiment: Tesla continued to promote robotaxi and Optimus progress, but the market appears to want tangible revenue and execution milestones before rewarding those ambitions. Musk’s bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
- Negative Sentiment: Q2 earnings missed expectations, and Tesla reported negative free cash flow as spending surged. Tesla’s once-bullish tone on robotaxis shifts
- Negative Sentiment: Management’s large 2026 capex plan and AI spending push are spooking investors over margins and cash burn. Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
- Negative Sentiment: Analysts have been lowering price targets following the report, reflecting near-term profitability concerns. Tesla Stock Plunges as Analysts Slash Price Targets after Q2 Earnings Miss
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.
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