Research Analysts’ Recent Ratings Changes for Tesla (TSLA)

A number of firms have modified their ratings and price targets on shares of Tesla (NASDAQ: TSLA) recently:

• 10/17/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 10/11/2024 – Tesla had its “reduce” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $124.00 price target on the stock.
• 10/11/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Roth Mkm. They now have a $85.00 price target on the stock.
• 10/11/2024 – Tesla had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $230.00 price target on the stock.
• 10/11/2024 – Tesla had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/8/2024 – Tesla had its price target raised by analysts at Royal Bank of Canada from $224.00 to $236.00. They now have an “outperform” rating on the stock.
• 10/8/2024 – Tesla had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 10/7/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 10/3/2024 – Tesla had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $120.00 price target on the stock.
• 10/3/2024 – Tesla had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $310.00 price target on the stock.
• 10/3/2024 – Tesla had its price target raised by analysts at Truist Financial Co. from $215.00 to $236.00. They now have a “hold” rating on the stock.
• 9/30/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/26/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 9/25/2024 – Tesla had its price target raised by analysts at Piper Sandler from $300.00 to $310.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $224.00 price target on the stock.
• 9/23/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/16/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/13/2024 – Tesla had its price target raised by analysts at Guggenheim from $134.00 to $153.00. They now have a “sell” rating on the stock.
• 9/13/2024 – Tesla had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $254.00 price target on the stock.
• 9/10/2024 – Tesla had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $295.00 price target on the stock.
• 9/9/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/5/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 9/5/2024 – Tesla is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 9/5/2024 – Tesla had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $310.00 price target on the stock.
• 9/3/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 8/29/2024 – Tesla is now covered by analysts at William Blair. They set an “outperform” rating on the stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $2.76 during mid-day trading on Monday, reaching $217.94. 27,784,435 shares of the company’s stock were exchanged, compared to its average volume of 94,026,695. The firm has a market capitalization of $696.24 billion, a price-to-earnings ratio of 61.22, a price-to-earnings-growth ratio of 6.31 and a beta of 2.29. The firm has a 50-day moving average price of $227.67 and a two-hundred day moving average price of $205.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Analysts predict that Tesla, Inc. will post 1.75 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock valued at $16,663,291 over the last ninety days. 20.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tesla

Several hedge funds and other institutional investors have recently modified their holdings of TSLA. Wealth Effects LLC increased its holdings in Tesla by 15.1% during the 3rd quarter. Wealth Effects LLC now owns 6,890 shares of the electric vehicle producer’s stock worth $1,803,000 after acquiring an additional 905 shares during the period. Marino Stram & Associates LLC boosted its holdings in Tesla by 6.0% in the 3rd quarter. Marino Stram & Associates LLC now owns 1,076 shares of the electric vehicle producer’s stock valued at $282,000 after purchasing an additional 61 shares during the period. Castleview Partners LLC increased its holdings in shares of Tesla by 66.2% in the third quarter. Castleview Partners LLC now owns 3,206 shares of the electric vehicle producer’s stock worth $839,000 after purchasing an additional 1,277 shares during the period. MBE Wealth Management LLC purchased a new stake in shares of Tesla in the third quarter worth $246,000. Finally, Crew Capital Management Ltd. boosted its position in shares of Tesla by 5.7% during the 3rd quarter. Crew Capital Management Ltd. now owns 3,603 shares of the electric vehicle producer’s stock valued at $943,000 after acquiring an additional 193 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.