Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “sell” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday,MarketScreener reports.
A number of other analysts have also issued reports on TSLA. Robert W. Baird lowered their target price on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Bank of America assumed coverage on shares of Tesla in a research note on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. Mizuho reduced their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Benchmark restated a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research note on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $395.20.
Read Our Latest Research Report on TSLA
Tesla Trading Down 1.6%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the prior year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, analysts anticipate that Tesla will post 1.2 earnings per share for the current year.
Insider Transactions at Tesla
In other news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The stock was 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 in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,482 shares of company stock worth $21,508,331 over the last 90 days. Insiders own 19.90% of the company’s stock.
Institutional Investors Weigh In On Tesla
A number of large investors have recently added to or reduced their stakes in TSLA. Crestwood Advisors Group LLC grew its position in shares of Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after buying an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after purchasing an additional 7,446 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after purchasing an additional 3,935 shares during the period. Calamos Wealth Management LLC increased its position in Tesla by 5.9% in the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after acquiring an additional 3,724 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s China-made EV sales rose 39.4% in May, marking a sixth straight month of growth and signaling that demand at the Shanghai factory is improving even as competition in China remains intense. Reuters: Tesla’s Chinese-made EV sales rise 39.4% in May
- Positive Sentiment: Separately, Tesla’s May deliveries in China were reported to be up nearly 40%, reinforcing the idea that the company’s core auto business is stabilizing after recent weakness. CNBC: Tesla’s China-made EV sales jump nearly 40% in May
- Positive Sentiment: Tesla also got a lift from signs of recovery in Europe, where registrations surged in markets such as France and Portugal, suggesting the Model Y refresh is helping demand. Zacks: Is Tesla’s Model Y Driving a Lasting Recovery in Europe?
- Neutral Sentiment: Investors are also watching speculation around Elon Musk’s wider empire, including potential Tesla-SpaceX merger chatter and attempts to quantify a “Musk premium,” but these headlines are more about valuation debate than near-term fundamentals. Yahoo Finance: Tesla Investors Finally Get A Benchmark For The Musk Premium
- Negative Sentiment: Tesla is facing a new class-action lawsuit in China over alleged misleading marketing tied to Full Self-Driving, adding legal and reputational risk in one of its most important markets. Yahoo Finance: Tesla Faces China FSD Lawsuit
- Negative Sentiment: Competition in robotics is also heating up, with OpenAI and Nvidia both moving into humanoid robotics, potentially pressuring Tesla’s Optimus narrative and broader AI valuation premium. Benzinga: How Nvidia Is Taking On Tesla In The Humanoid Robot Race
- Negative Sentiment: BYD and other rivals continue to pressure Tesla in China, with BYD reportedly expanding charging infrastructure through Sinopec, which could strengthen its competitive position. Investor’s Business Daily: BYD Taps A State-Backed Company To Help Compete With Tesla In China
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.
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