Analysts’ Recent Ratings Updates for Tesla (TSLA)

A number of research firms have changed their ratings and price targets for Tesla (NASDAQ: TSLA):

• 12/18/2024 – Tesla had its price target raised by analysts at Robert W. Baird from $280.00 to $480.00. They now have an “outperform” rating on the stock.
• 12/17/2024 – Tesla was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating. They now have a $515.00 price target on the stock, up previously from $230.00.
• 12/11/2024 – Tesla had its price target raised by analysts at The Goldman Sachs Group, Inc. from $250.00 to $345.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – Tesla had its price target raised by analysts at Morgan Stanley from $310.00 to $400.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – Tesla had its price target raised by analysts at Cantor Fitzgerald from $255.00 to $365.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – Tesla had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $295.00 to $370.00. They now have a “buy” rating on the stock.
• 12/5/2024 – Tesla had its price target raised by analysts at Guggenheim from $156.00 to $175.00. They now have a “sell” rating on the stock.
• 12/5/2024 – Tesla had its price target raised by analysts at Bank of America Co. from $350.00 to $400.00. They now have a “buy” rating on the stock.
• 12/2/2024 – Tesla was upgraded by analysts at Roth Capital from a “hold” rating to a “strong-buy” rating.
• 12/2/2024 – Tesla had its price target raised by analysts at Stifel Nicolaus from $287.00 to $411.00. They now have a “buy” rating on the stock.
• 12/2/2024 – Tesla was upgraded by analysts at Roth Mkm from a “neutral” rating to a “buy” rating. They now have a $380.00 price target on the stock, up previously from $85.00.
• 11/25/2024 – Tesla had its price target raised by analysts at UBS Group AG from $197.00 to $226.00. They now have a “sell” rating on the stock.
• 11/18/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $400.00 price target on the stock.
• 11/15/2024 – Tesla had its price target raised by analysts at Royal Bank of Canada from $249.00 to $313.00. They now have an “outperform” rating on the stock.
• 11/14/2024 – Tesla had its price target raised by analysts at Jefferies Financial Group Inc. from $195.00 to $300.00. They now have a “hold” rating on the stock.
• 11/13/2024 – Tesla was downgraded by analysts at Phillip Securities from a “moderate sell” rating to a “strong sell” rating.
• 11/11/2024 – Tesla had its price target raised by analysts at Wedbush from $300.00 to $400.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Tesla had its price target raised by analysts at Bank of America Co. from $265.00 to $350.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Tesla had its price target raised by analysts at Barclays PLC from $220.00 to $235.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Tesla had its price target raised by analysts at Piper Sandler from $310.00 to $315.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – Tesla was upgraded by analysts at Phillip Securities to a “moderate sell” rating.
• 10/25/2024 – Tesla had its price target raised by analysts at Stifel Nicolaus from $265.00 to $287.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at JPMorgan Chase & Co. from $130.00 to $135.00. They now have an “underweight” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Wells Fargo & Company from $120.00 to $125.00. They now have an “underweight” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Guggenheim from $153.00 to $156.00. They now have a “sell” rating on the stock.
• 10/24/2024 – Tesla was upgraded by analysts at KGI Securities from a “neutral” rating to an “outperform” rating. They now have a $276.00 price target on the stock.
• 10/24/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $300.00 price target on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Royal Bank of Canada from $236.00 to $249.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at The Goldman Sachs Group, Inc. from $230.00 to $250.00. They now have a “neutral” rating on the stock.
• 10/24/2024 – Tesla was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/24/2024 – Tesla had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/24/2024 – Tesla had its price target raised by analysts at Truist Financial Co. from $236.00 to $238.00. They now have a “hold” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Bank of America Co. from $255.00 to $265.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Canaccord Genuity Group Inc. from $254.00 to $278.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Canaccord Genuity Group Inc. from $254.00 to $278.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 10/21/2024 – Tesla had its price target raised by analysts at Jefferies Financial Group Inc. from $165.00 to $195.00. They now have a “hold” rating on the stock.

Tesla Stock Performance

Tesla stock opened at $436.17 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market cap of $1.40 trillion, a P/E ratio of 119.50, a price-to-earnings-growth ratio of 10.80 and a beta of 2.36. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $488.54. The firm’s 50 day simple moving average is $318.82 and its 200-day simple moving average is $254.21.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. As a group, equities research analysts predict that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares of the company’s stock, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 522,886 shares of company stock valued at $171,393,831. Corporate insiders own 20.70% of the company’s stock.

Institutional Investors Weigh In On Tesla

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLA. Connable Office Inc. raised its position in Tesla by 0.3% during the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer’s stock valued at $3,368,000 after acquiring an additional 38 shares in the last quarter. Community Bank N.A. increased its stake in shares of Tesla by 4.4% during the 3rd quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer’s stock worth $238,000 after purchasing an additional 38 shares during the last quarter. Holistic Financial Partners raised its holdings in shares of Tesla by 1.0% during the 3rd quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer’s stock valued at $1,061,000 after purchasing an additional 40 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc lifted its stake in shares of Tesla by 1.4% in the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer’s stock valued at $800,000 after purchasing an additional 43 shares during the last quarter. Finally, Altman Advisors Inc. boosted its holdings in Tesla by 0.4% in the third quarter. Altman Advisors Inc. now owns 10,754 shares of the electric vehicle producer’s stock worth $2,814,000 after purchasing an additional 43 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other 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.