Tesla, Inc. (NASDAQ:TSLA) Receives Average Recommendation of “Hold” from Brokerages

Tesla, Inc. (NASDAQ:TSLA) has received a consensus rating of “Hold” from the forty-one analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $395.2022.

Several analysts recently weighed in on the company. Truist Financial reduced their price objective on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Tigress Financial assumed coverage on Tesla in a research note on Monday, April 27th. They issued a “buy” rating on the stock. UBS Group raised their price objective on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 price objective on shares of Tesla in a research note on Thursday, April 23rd. Finally, China Renaissance reduced their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research note on Monday, April 27th.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 57,482 shares of company stock worth $21,508,331 over the last ninety days. 19.90% of the stock is currently owned by insiders.

Institutional Trading of Tesla

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. State Street Corp boosted its stake in shares of Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after purchasing an additional 375,946 shares in the last quarter. Capital World Investors boosted its stake in shares of Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after purchasing an additional 2,403,019 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tesla during the fourth quarter valued at about $17,128,100,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 0.0%

Shares of NASDAQ TSLA opened at $423.70 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla has a 52 week low of $273.21 and a 52 week high of $498.83. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 388.72, a PEG ratio of 16.73 and a beta of 1.80. The stock’s fifty day moving average is $394.52 and its 200 day moving average is $416.14.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Sell-side analysts forecast that Tesla will post 1.2 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported a strong May rebound in China-made EV sales, with Shanghai deliveries jumping nearly 40% year over year, suggesting demand is stabilizing in one of its most important markets. Tesla’s Chinese-made EV sales rise 39.4% in May
• Positive Sentiment: The company expanded its unsupervised robotaxi service area in Austin, reinforcing the bull case around Tesla’s autonomy strategy and long-term AI/robotics growth narrative. Tesla rolls out unsupervised robotaxis in Austin
• Positive Sentiment: Estonia cleared Tesla’s FSD Supervised system for use, adding another European market and supporting the idea that Tesla can keep broadening its driver-assistance rollout. Is Tesla’s FSD Supervised Gaining Momentum Across Europe?
• Positive Sentiment: Several articles argue Tesla’s recent rebound is tied to improved China and Europe delivery trends, which may help offset fears that EV demand is weakening. Tesla stock rebounding around 1.5% today: what’s behind the move?

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.