Tesla (NASDAQ:TSLA) Earns Sell Rating from Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reaffirmed by investment analysts at Glj Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $24.86 price objective on the electric vehicle producer’s stock. Glj Research’s price target indicates a potential downside of 93.57% from the company’s current price.

A number of other analysts also recently commented on the stock. Yorkville Ives assumed coverage on shares of Tesla in a report on Wednesday, October 7th. They set an “outperform” rating and a $500.00 price objective on the stock. Roth Capital reaffirmed a “buy” rating and issued a $505.00 target price on shares of Tesla in a report on Thursday, July 23rd. Mizuho lifted their price target on shares of Tesla from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays upgraded shares of Tesla from a “negative” rating to an “outperform” rating in a research report on Monday. Finally, DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $416.69.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $386.47 on Thursday. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 357.85, a PEG ratio of 23.73 and a beta of 1.92. Tesla has a one year low of $297.38 and a one year high of $498.83. The company’s fifty day moving average is $362.72 and its two-hundred day moving average is $377.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. Analysts forecast that Tesla will post 0.71 EPS for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a filing 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. Insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Hedge funds have recently modified their holdings of the company. Security National Bank of Sioux City Iowa IA purchased a new stake in Tesla in the 2nd quarter worth approximately $25,000. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the period. Harborfront Financial Group LLC acquired a new stake in shares of Tesla during the second quarter worth $34,000. Montgomery Financial Services LLC acquired a new stake in Tesla in the 2nd quarter worth about $40,000. Finally, Lam Group Inc. acquired a new stake in shares of Tesla in the first quarter worth approximately $37,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported adjusted EPS of $0.48, above the $0.45 consensus estimate, while quarterly revenue was approximately $28.05 billion. The company also generated roughly $1.5 billion in positive free cash flow, a significant improvement over expectations for an outflow. Reuters Tesla third-quarter results
• Positive Sentiment: Management highlighted growing autonomy activity: FSD exceeded a 75% attach rate on new North American vehicles, Cybercab miles increased sharply in Austin, and Tesla says it plans to begin customer deliveries of the robotaxi by year-end. Reuters Cybercab plans
• Positive Sentiment: Bank of America reiterated a Buy rating and assigned a $460 price target, citing potential growth from FSD, robotaxis, Optimus and Megapack. Bank of America Tesla price target
• Neutral Sentiment: Elon Musk said Tesla and SpaceX are exploring a possible merger through independent committees. The deal could provide access to AI infrastructure and technology, but it remains uncertain and could create valuation, governance and dilution concerns for Tesla shareholders. Reuters Tesla-SpaceX merger talks
• Negative Sentiment: Tesla lowered its full-year capital-expenditure outlook to about $20 billion. Investors interpreted the pullback as potentially slowing the development of AI computing, autonomous driving and robotics—the businesses supporting much of Tesla’s valuation. Reuters Tesla spending pullback
• Negative Sentiment: Underlying results were less encouraging: vehicle deliveries declined year over year, revenue was essentially flat, energy revenue missed estimates, and operating income fell sharply as AI and research costs increased. Musk also said Optimus will require at least another year to reach full production scale, while unsupervised FSD for personal vehicles is targeted for 2027. Tesla earnings and delivery results

About Tesla

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.