Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “neutral” rating restated by analysts at Barclays in a research report issued to clients and investors on Wednesday,MarketScreener reports.
Several other equities analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Wells Fargo & Company reduced their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Glj Research restated a “sell” rating on shares of Tesla in a report on Tuesday, April 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a report on Monday, April 27th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of “Hold” and an average price target of $398.29.
View Our Latest Analysis on Tesla
Tesla Trading Up 1.1%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. Sell-side analysts expect that Tesla will post 1.23 earnings per share for the current year.
Insider Activity
In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated 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 owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 80,213 shares of company stock worth $30,851,105. Corporate insiders own 19.90% of the company’s stock.
Institutional Investors Weigh In On Tesla
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Tesla in the 4th quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC raised its holdings in Tesla by 3,205.5% in the 4th 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 acquiring an additional 20,810,386 shares in the last quarter. Bank of America Corp DE increased its holdings in Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after buying an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its holdings in shares of 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 acquiring an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. increased its stake in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after acquiring an additional 6,538,720 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla was authorized to test supervised self-driving software on public roads in Belgium’s Flanders region, adding another regulatory step forward for its autonomy ambitions. Reuters: Tesla authorised to test supervised self-driving software in Belgium
- Positive Sentiment: News that Tesla is expanding capacity with about $250 million in added spending at its German factory supports the growth story around battery production and European demand. Reuters: Tesla to invest $250 million in battery plant outside Berlin
- Positive Sentiment: Investors also reacted to reports that Tesla’s CEO is heading to China as the company seeks Full Self-Driving approvals and broader business support in its largest growth market. Yahoo Finance: U.S. CEOs seek China business gains from Trump-Xi summit
- Positive Sentiment: Coverage emphasizing Tesla’s AI, robotaxi, and Optimus opportunities is helping traders focus on long-term upside rather than near-term EV noise. Yahoo Finance: Tesla’s AI Chip Pivot Reshapes Valuation Story
- Neutral Sentiment: Several analysts reiterated mixed valuation views, with some seeing meaningful upside from autonomy and robotics while others warned the stock already reflects a lot of future success. TipRanks: Tesla Stock Forecast
- Neutral Sentiment: Observers also noted that Tesla’s stock has already had a sharp run, prompting some “fairly valued” or hold-style commentary after recent gains. TipRanks: Tesla races to boost capacity as BYD doubles down on Europe
- Negative Sentiment: China sales weakness remains a concern, with reports that April retail sales fell and Tesla slipped out of China’s top 10 EV makers, underscoring competitive pressure in a key market. Benzinga: Tesla launches affordable financing plan after dropping out of China’s top EV 10 makers
- Negative Sentiment: Recall and robotaxi rollout concerns are weighing on sentiment, including a Cybertruck recall and reports of long waits, missed stops, and other issues in Tesla’s Texas robotaxi test. Reuters: Tesla’s robotaxi rollout features Texas-sized wait times
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.
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