Tesla’s (TSLA) Sell Rating Reiterated at Glj Research

Glj Research reissued their sell rating on shares of Tesla (NASDAQ:TSLA) in a research note issued to investors on Tuesday morning,Benzinga reports.

Several other analysts have also recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, June 29th. Truist Financial boosted their price target on Tesla from $400.00 to $430.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Guggenheim started coverage on Tesla in a research note on Monday, June 29th. They set a “neutral” rating for the company. Mizuho dropped their price objective on Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group began coverage on Tesla in a research note on Friday, June 5th. They issued a “buy” rating on the stock. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $406.42.

Tesla Price Performance

Shares of TSLA opened at $319.69 on Tuesday. 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 company has a 50 day moving average price of $402.92 and a 200-day moving average price of $403.16. Tesla has a fifty-two week low of $297.82 and a fifty-two week high of $498.83. The stock has a market capitalization of $1.20 trillion, a PE ratio of 296.01, a PEG ratio of 12.55 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 3.88%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. Equities analysts predict that Tesla will post 1.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 32,015 shares of company stock valued at $12,383,640 in the last three months. Insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Networth Advisors LLC acquired a new stake in shares of Tesla during the fourth quarter worth $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new position in Tesla in the 3rd quarter worth $30,000. Prism Advisors Inc. purchased a new position in Tesla in the 4th quarter worth $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla during the 3rd quarter worth about $31,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record quarterly revenue of $28.24 billion, up 25.5% year over year, and delivered a record number of vehicles, showing the core business is still growing. Tesla Q2 Earnings Report
• Positive Sentiment: Management highlighted progress in autonomous driving, Robotaxi expansion, Optimus production, and FSD adoption, which keeps the long-term AI and robotics story alive for bullish investors. Reuters Robotaxi Update
• Neutral Sentiment: Some analysts still see upside from the company’s autonomy strategy and reaffirmed Buy/Hold ratings, but several also cut price targets after the earnings call, signaling a more cautious stance. Analyst Price Target Cuts
• Negative Sentiment: Tesla missed EPS estimates, posted negative free cash flow for the first time in more than two years, and confirmed about $25 billion in full-year capex, raising concerns that heavy AI/robotics spending is squeezing near-term profits and liquidity. Reuters Cash Burn and Capex
• Negative Sentiment: Investor reaction also turned more negative because Elon Musk emphasized spending “as fast as we can” on AI and gave few near-term details on Robotaxi timing, which made the growth story look more like a long-dated promise than an immediate profit driver. MarketWatch Investor Reaction

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.