UBS Group Cuts Tesla (NASDAQ:TSLA) Price Target to $385.00

Tesla (NASDAQ:TSLA) had its price objective cut by UBS Group from $442.00 to $385.00 in a research report released on Thursday, MarketBeat Ratings reports. They currently have a neutral rating on the electric vehicle producer’s stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesla in a research report on Tuesday, June 30th. William Blair reiterated a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tesla in a report on Wednesday, June 24th. Piper Sandler restated an “overweight” rating on shares of Tesla in a research note on Wednesday, June 10th. Finally, BTIG Research lowered Tesla to a “neutral” rating in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $404.95.

Tesla Price Performance

TSLA opened at $313.03 on Thursday. The firm has a 50-day moving average price of $400.74 and a 200-day moving average price of $402.53. Tesla has a twelve month low of $297.82 and a twelve month high of $498.83. The company has a quick ratio of 1.62, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 289.85, a PEG ratio of 10.51 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Equities analysts expect that Tesla will post 1.33 EPS for the current year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. Insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLA. PFS Partners LLC raised its stake in shares of Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after acquiring an additional 24 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after purchasing an additional 25 shares during the last quarter. Aspect Partners LLC increased its holdings in Tesla by 12.5% during the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after purchasing an additional 25 shares during the period. Human Investing LLC increased its holdings in Tesla by 4.5% during the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after purchasing an additional 25 shares during the period. Finally, SilverOak Wealth Management LLC raised its position in Tesla by 2.3% during the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock valued at $502,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Key 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.