Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, Benzinga reports. They currently have a $480.00 target price on the electric vehicle producer’s stock. Royal Bank Of Canada‘s price target points to a potential upside of 27.98% from the company’s current price.
Several other brokerages have also recently weighed in on TSLA. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research report on Monday. Citigroup reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday. Guggenheim started coverage on Tesla in a research report on Monday, June 29th. They issued a “neutral” rating for the company. BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $266.00 to $420.00 in a research report on Thursday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $400.00 price target (up from $350.00) on shares of Tesla in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $408.61.
Check Out Our Latest Research Report on Tesla
Tesla Stock Performance
Shares of TSLA traded down $11.42 during mid-day trading on Thursday, hitting $375.05. The stock had a trading volume of 39,716,853 shares, compared to its average volume of 50,578,199. The firm has a market cap of $1.48 trillion, a P/E ratio of 347.69, a PEG ratio of 23.73 and a beta of 1.92. The business has a fifty day moving average price of $362.72 and a 200-day moving average price of $377.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla has a 52 week low of $297.38 and a 52 week high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities research analysts expect that Tesla will post 0.71 EPS for the current year.
Insider Buying and Selling
In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s 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 directly owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Tesla
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Legal & General Group Plc purchased a new position in Tesla during the second quarter worth about $8,535,612,000. Bank of New York Mellon Corp purchased a new position in Tesla during the second quarter worth about $6,083,630,000. Deutsche Bank AG purchased a new position in Tesla during the second quarter worth about $4,039,090,000. Canada Pension Plan Investment Board purchased a new position in Tesla during the second quarter worth about $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Tesla during the second quarter worth about $2,995,584,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla reported adjusted earnings of $0.48 per share, above the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow versus expectations for a substantial cash outflow. Tesla Q3 earnings report
- Positive Sentiment: Full Self-Driving adoption exceeded 75% of North American deliveries, while subscription growth, expanding Cybercab robotaxi operations and the start of Optimus humanoid-robot production support Tesla’s longer-term autonomy and robotics strategy. Tesla long-term investor takeaways
- Positive Sentiment: Several analysts raised targets or maintained bullish ratings, including Mizuho at $460, RBC at $480 and Bank of America at $460, citing potential growth from FSD, robotaxis, Optimus and energy storage.
- Neutral Sentiment: Elon Musk endorsed exploring a Tesla-SpaceX merger, which could combine AI, robotics, chips, satellite infrastructure and transportation assets. However, independent committees must negotiate terms, and the deal would require shareholder and regulatory approval. Tesla-SpaceX merger discussions
- Negative Sentiment: Revenue was essentially flat year over year at about $28.05 billion, automotive revenue declined, and operating income fell 56% as AI, robotics and autonomy expenses increased. The company’s roughly $1.5 trillion valuation leaves little room for disappointing execution.
- Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to $20 billion. Investors viewed the cut as potentially signaling slower progress for AI infrastructure, robotaxis and Optimus, despite management’s ambitious transportation vision. Tesla spending outlook
- Negative Sentiment: Energy revenue reportedly missed estimates, unsold-vehicle concerns remain, and unsupervised FSD for personal vehicles is not expected until 2027. Cybercab plans also face regulatory scrutiny, adding execution risk to Tesla’s high-growth narrative.
Tesla Company Profile
Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.
Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.
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