Tesla (NASDAQ:TSLA) Given “Hold” Rating at Needham & Company LLC

Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reaffirmed by stock analysts at Needham & Company LLC in a report released on Thursday, Benzinga reports.

TSLA has been the topic of a number of other research reports. Robert W. Baird set a $475.00 price target on Tesla in a research note on Monday, July 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Monday. Tigress Financial restated a “buy” rating and set a $550.00 price target on shares of Tesla in a report on Thursday, October 8th. Citizens Jmp began coverage on shares of Tesla in a research report on Thursday, July 9th. They issued a “market perform” rating for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $475.00 price objective on shares of Tesla in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $416.40.

Tesla Stock Performance

TSLA opened at $386.47 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.53 trillion, a PE ratio of 357.85, a P/E/G ratio of 23.73 and a beta of 1.92. The business has a fifty day simple moving average of $362.72 and a 200-day simple moving average of $377.16. Tesla has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The company had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. Tesla’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts predict that Tesla will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TSLA. SeaCrest Wealth Management LLC lifted its position in Tesla by 1.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 18,192 shares of the electric vehicle producer’s stock worth $6,455,000 after acquiring an additional 314 shares during the last quarter. NBT Bank N.A. bought a new stake in Tesla during the 3rd quarter valued at approximately $402,000. Root Financial Partners LLC grew its holdings in Tesla by 11.2% in the 3rd quarter. Root Financial Partners LLC now owns 24,769 shares of the electric vehicle producer’s stock valued at $8,788,000 after buying an additional 2,497 shares during the last quarter. Carter Financial Group INC. grew its holdings in Tesla by 17.1% in the 3rd quarter. Carter Financial Group INC. now owns 6,343 shares of the electric vehicle producer’s stock valued at $2,251,000 after buying an additional 928 shares during the last quarter. Finally, JSF Financial LLC increased its position in Tesla by 5.2% in the 3rd quarter. JSF Financial LLC now owns 3,063 shares of the electric vehicle producer’s stock worth $1,087,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Headlines Impacting Tesla

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

Tesla Company Profile

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.