Tesla Stock Earnings Estimates Boosted by Erste Group Bank

Tesla, Inc. (NASDAQ:TSLA) – Analysts at Erste Group Bank raised their FY2027 earnings estimates for Tesla in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now expects that the electric vehicle producer will post earnings of $1.13 per share for the year, up from their previous forecast of $1.12. The consensus estimate for Tesla’s current full-year earnings is $0.73 per share.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The firm’s revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $400.00 price objective (up from $350.00) on shares of Tesla in a research note on Monday. William Blair reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. Citizens Jmp began coverage on shares of Tesla in a research report on Thursday, July 9th. They issued a “market perform” rating on the stock. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Friday, September 4th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Tesla in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $412.33.

Tesla Trading Down 0.7%

TSLA opened at $375.23 on Wednesday. Tesla has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 347.44, a PEG ratio of 23.17 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The business has a fifty day moving average price of $357.69 and a 200 day moving average price of $377.09.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently made changes to their positions in TSLA. Allied Investment Advisors LLC grew its stake in Tesla by 25.3% during the 3rd quarter. Allied Investment Advisors LLC now owns 807 shares of the electric vehicle producer’s stock worth $286,000 after buying an additional 163 shares during the last quarter. Signal Advisors Wealth LLC increased its position in Tesla by 11.7% during the third quarter. Signal Advisors Wealth LLC now owns 30,844 shares of the electric vehicle producer’s stock worth $10,944,000 after buying an additional 3,229 shares during the period. Foster Group Inc. lifted its stake in Tesla by 0.6% in the third quarter. Foster Group Inc. now owns 8,307 shares of the electric vehicle producer’s stock valued at $2,947,000 after buying an additional 52 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Tesla by 14.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 30,734 shares of the electric vehicle producer’s stock valued at $10,905,000 after buying an additional 3,980 shares during the last quarter. Finally, Krilogy Financial LLC boosted its holdings in shares of Tesla by 4.1% in the third quarter. Krilogy Financial LLC now owns 21,591 shares of the electric vehicle producer’s stock valued at $8,162,000 after acquiring an additional 841 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s third-quarter deliveries totaled 486,532 vehicles, exceeding Wall Street’s estimate of approximately 462,000 and helping drive the recent rebound in the shares. However, deliveries remained below the prior-year period. Tesla Trades at 219x Earnings
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s growth streak in China to 11 months, supported by overseas shipments and price incentives. Tesla China EV Sales Growth
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other nonautomotive businesses, although it retained a Hold rating. Jefferies Raises Tesla Price Target
• Positive Sentiment: Tesla is expanding its Austin robotaxi fleet and showcasing the Cybercab and driver-assistance technology at the Paris Motor Show, providing potential catalysts for its autonomy strategy. Tesla Robotaxi Lands in Paris
• Neutral Sentiment: Investors are looking ahead to Tesla’s October 21 earnings report, focusing on automotive margins, profitability, capital spending and growth in energy storage and services. Tesla Q3 Earnings Preview
• Negative Sentiment: Analysts have lowered Tesla’s target as concerns grow over approximately $25 billion in planned spending and rising operating costs. The company’s very high earnings multiple also makes the stock vulnerable to weak profits or disappointing guidance. Tesla Target Lowered Over Spending
• Negative Sentiment: U.S. regulators are investigating allegations that Tesla robotaxis exceeded speed limits in active school zones, adding uncertainty to the company’s autonomous-driving rollout. Tesla Robotaxi School-Zone Investigation
• Negative Sentiment: Tesla stopped taking orders in Canada for its two least expensive China-built Model 3 variants, citing import restrictions. The move could limit access to lower-priced vehicles in an important market. Tesla Stops Canadian Model 3 Orders
• Negative Sentiment: New data suggests Cybertruck sales remain far below Elon Musk’s earlier targets, while competition from BYD, European automakers, Lucid and autonomous-driving rivals continues to challenge Tesla’s growth narrative. Cybertruck Deliveries

Tesla Company Profile

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.