Tesla (NASDAQ:TSLA) Price Target Raised to $375.00

Tesla (NASDAQ:TSLA) had its price target raised by Jefferies Financial Group from $350.00 to $375.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “hold” rating on the electric vehicle producer’s stock. Jefferies Financial Group’s price objective suggests a potential downside of 6.36% from the stock’s current price.

Several other equities analysts have also weighed in on the company. BNP Paribas Exane lowered Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. DZ Bank raised Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target for the company in a research note on Friday, April 24th. Truist Financial cut their price target on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Finally, Barclays reissued a “neutral” rating on shares of Tesla in a research note on Wednesday, May 13th. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $405.06.

Tesla Price Performance

Shares of TSLA stock opened at $400.49 on Monday. Tesla has a 52-week low of $288.77 and a 52-week high of $498.83. The stock has a market cap of $1.50 trillion, a PE ratio of 367.42, a PEG ratio of 16.01 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The firm’s 50 day moving average price is $403.33 and its two-hundred day moving average price is $415.15.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, analysts forecast that Tesla will post 1.19 EPS for the current year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 the business’s stock in a transaction 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 completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. 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 sold a total of 57,824 shares of company stock worth $21,657,588 in the last 90 days. Company insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Norges Bank bought a new position in Tesla in the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC grew its position in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Tesla by 56.0% during the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after purchasing an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its holdings in Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after purchasing an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. 66.20% of the stock is owned by institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Investors are encouraged by signs Tesla’s struggling EV business may be turning around, with one report noting the company could post a second straight quarter of growth when it reports on July 2. Should You Buy Tesla Stock Before July 2?
• Positive Sentiment: Tesla quietly filed a “Megapod” trademark, adding to speculation that Elon Musk may expand the company into AI data-center hardware and other adjacent businesses. Tesla Quietly Files Megapod Trademark — An AI Data Center Play That Could See Elon Musk Challenging Nvidia’s Dominance
• Positive Sentiment: Elon Musk boosted his Tesla voting power to nearly 20% after exercising stock options, which some investors may view as increasing management alignment and support for long-term strategic bets. Elon Musk Just Lifted His Tesla Voting Stake to Nearly 20%. Could a SpaceX Merger Be Next?
• Neutral Sentiment: Broader market commentary suggests major stocks, including TSLA, are trying to recover early Monday as rates ease some pressure. TSLA, PLTR and NVDA Forecasts – Major Stocks Trying to Rise Early on Monday
• Neutral Sentiment: Several brokerage and opinion pieces continue to frame Tesla as a hold or debate its long-term valuation, reflecting uncertainty rather than a clear catalyst. Tesla, Inc. (NASDAQ:TSLA) Given Average Rating of “Hold” by Brokerages
• Negative Sentiment: Jefferies cut its Tesla price target to $375 and warned that growing speculation about a future SpaceX-related tracking stock could create a valuation overhang for TSLA. Jefferies Lowers Tesla Target and Highlights Potential SpaceX Tracking Stock Risk
• Negative Sentiment: Another fatal crash involving a Tesla operating with driver-assistance features has renewed safety and regulatory concerns around Autopilot/FSD. A Tesla driver using auto assistance crashed into a Texas home, killing a woman
• Negative Sentiment: Criticism of Tesla’s self-driving system continues, with commentators arguing rivals such as Waymo may have a safer, more mature product. Ross Gerber Calls Waymo ‘Way Safer And Better’ Than Tesla’s FSD, Questions Whether Elon Musk Can ‘Catch Up’

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.