FY2027 EPS Estimates for Tesla Decreased by Erste Group Bank

Tesla, Inc. (NASDAQ:TSLAFree Report) – Erste Group Bank dropped their FY2027 earnings estimates for Tesla in a report released on Friday, June 5th. Erste Group Bank analyst S. Lingnau now anticipates that the electric vehicle producer will post earnings per share of $1.53 for the year, down from their prior estimate of $1.56. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Tesla’s current full-year earnings is $1.19 per share.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share.

Several other research analysts have also recently issued reports on TSLA. Truist Financial reduced their target price on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Cantor Fitzgerald reissued an “overweight” rating on shares of Tesla in a report on Monday, June 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a report on Wednesday, May 13th. Finally, HSBC began coverage on shares of Tesla in a report on Monday, April 27th. They set a “buy” rating for the company. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $404.37.

Read Our Latest Research Report on Tesla

Tesla Trading Up 4.6%

NASDAQ TSLA opened at $399.15 on Friday. The company has a fifty day simple moving average of $397.84 and a two-hundred day simple moving average of $416.08. The stock has a market cap of $1.50 trillion, a P/E ratio of 366.19, a P/E/G ratio of 15.29 and a beta of 1.80. Tesla has a 12-month low of $288.77 and a 12-month high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Institutional Trading of Tesla

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new stake in Tesla during the fourth quarter valued at $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at about $26,000. Davidson Capital Management Inc. grew its position in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares during the period. Friedenthal Financial grew its position in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the period. Finally, Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is owned by company insiders.

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About Tesla

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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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Earnings History and Estimates for Tesla (NASDAQ:TSLA)

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