Shares of Tesla, Inc. (NASDAQ:TSLA – Get Free Report) were up 1.2% on Friday . The stock traded as high as $387.80 and last traded at $379.71. 53,081,190 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 58,921,137 shares. The stock had previously closed at $375.12.
Key Headlines Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s energy business got a boost from the 16-gigawatt virtual power plant agreement with Sunrun and Renew Home, highlighting a growing role in grid power and AI data center demand. Tesla (TSLA) Lands 16 Gigawatt U.S. Power Plant Deal And 25 Gigawatt Hour Europe Pact
- Positive Sentiment: Tesla is expanding production in Germany, which suggests stronger demand at Giga Berlin and potential support for deliveries. Tesla Expands Production In Germany, As VW Cuts 100,000 Jobs
- Positive Sentiment: One analyst upgrade argues Tesla’s “moonshot” projects are becoming medium-term catalysts rather than distant hopes. Tesla: 2 Moonshots Have Now Become Medium-Term Catalysts (Rating Upgrade)
- Neutral Sentiment: Elon Musk teased a futuristic Roadster, which keeps the brand in the spotlight but is unlikely to move near-term fundamentals by itself. Elon Musk Teases Flying Tesla Roadster With Crazy Tech
- Negative Sentiment: Tesla faces fresh federal scrutiny after a fatal crash, including an NTSB probe and wrongful-death litigation tied to FSD concerns. Tesla Under Fresh Scrutiny After Model 3 Crashes Into Home, Killing Woman — EV Giant Shrugs Off FSD Involvement
- Negative Sentiment: Tesla also settled another Full Self-Driving crash lawsuit, reinforcing liability and safety worries around its autonomous-driving strategy. Tesla settles FSD crash lawsuit as federal investigations continue
- Negative Sentiment: Several market-commentary pieces argue Tesla remains expensive versus current earnings power, with valuation skepticism weighing on sentiment. Tesla Stock Is Having a Bad Week and an Even Worse Month
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. China Renaissance dropped their target price on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price for the company in a report on Friday, April 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $403.07.
Tesla Stock Performance
The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.43 trillion, a P/E ratio of 348.36, a price-to-earnings-growth ratio of 15.01 and a beta of 1.80. The business’s 50 day simple moving average is $405.86 and its two-hundred day simple moving average is $413.41.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.19 EPS for the current fiscal year.
Insider Activity at Tesla
In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction on Wednesday, May 13th. The stock was 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 of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 57,824 shares of company stock worth $21,657,588 over the last ninety days. 19.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Tesla
Several hedge funds and other institutional investors have recently bought and sold shares of TSLA. PFS Partners LLC lifted its position in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 24 shares during the period. Boltwood Capital Management grew its position in Tesla by 1.2% in the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after purchasing an additional 25 shares during the period. Woodmont Investment Counsel LLC raised its stake in Tesla by 1.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares during the last quarter. Aspect Partners LLC lifted its holdings in shares of Tesla by 12.5% during the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after buying an additional 25 shares during the period. Finally, Human Investing LLC boosted its stake in shares of Tesla by 4.5% in the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock worth $260,000 after buying an additional 25 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.
Tesla Company Profile
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.
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