Tesla (NASDAQ:TSLA) Upgraded by JPMorgan Chase & Co. to Neutral Rating

Tesla (NASDAQ:TSLA) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Friday, Marketbeat.com reports. The firm currently has a $475.00 price target on the electric vehicle producer’s stock, up from their prior price target of $145.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 13.51% from the company’s previous close.

TSLA has been the subject of several other research reports. Mizuho lowered their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Bank of America initiated coverage on Tesla in a research report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price objective for the company. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Robert W. Baird lowered their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Nineteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $404.37.

Tesla Stock Down 1.2%

Shares of TSLA opened at $418.45 on Friday. The firm has a market cap of $1.57 trillion, a P/E ratio of 383.90, a P/E/G ratio of 16.73 and a beta of 1.80. The stock has a 50 day simple moving average of $395.23 and a two-hundred day simple moving average of $416.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla has a 1 year low of $273.21 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, analysts forecast that Tesla will post 1.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction 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 transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the stock in a transaction 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 transaction, 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 quarter, insiders sold 55,218 shares of company stock valued at $20,609,455. 19.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Several institutional investors have recently modified their holdings of TSLA. Brighton Jones LLC boosted its position in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC boosted its position in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC boosted its position in Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after purchasing an additional 851 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla to neutral from underweight, saying the market is increasingly valuing TSLA for autonomous driving, robotics, and “physical AI” opportunities rather than near-term earnings. The bank also suggested Tesla’s push into new addressable markets could be underappreciated. Article Title
• Positive Sentiment: Tesla continues to make progress in autonomy, including expanding its unsupervised Robotaxi service in Austin, which supports the bull case that software and ride-hailing could become important future growth drivers. Article Title
• Positive Sentiment: Recent data showed Tesla’s China-made EV sales surged in May, signaling an early recovery in one of the company’s most important markets and helping ease demand concerns. Article Title
• Neutral Sentiment: SpaceX’s blockbuster IPO and speculation about Elon Musk’s broader empire are keeping investor attention on Musk-related AI and robotics assets, but those headlines are indirect for TSLA and may also create valuation comparison noise. Article Title
• Neutral Sentiment: Bitcoin’s selloff reportedly erased more than $220 million in value from Tesla’s crypto treasury, a headline that matters financially but is not likely the main driver of TSLA’s move today. Article Title
• Negative Sentiment: Several articles continued to argue that Tesla’s valuation remains stretched, with investors questioning whether AI, robotics, and robotaxi optimism can justify the stock’s high multiple without stronger earnings execution. Article Title
• Negative Sentiment: Additional pressure came from headlines about competition in EVs and autonomy, including BYD’s charging-network push and scrutiny around Tesla’s Full Self-Driving claims in China. Article Title

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.