Tesla (TSLA) – Investment Analysts’ Recent Ratings Changes

Tesla (NASDAQ: TSLA) has recently received a number of price target changes and ratings updates:

• 4/12/2024 – Tesla had its price target lowered by analysts at Wells Fargo & Company from $125.00 to $120.00. They now have an “underweight” rating on the stock.
• 4/12/2024 – Tesla had its price target lowered by analysts at Citigroup Inc. from $196.00 to $180.00. They now have a “neutral” rating on the stock.
• 4/10/2024 – Tesla had its price target lowered by analysts at Piper Sandler from $225.00 to $205.00. They now have an “overweight” rating on the stock.
• 4/10/2024 – Tesla had its price target lowered by analysts at Jefferies Financial Group Inc. from $185.00 to $165.00. They now have a “hold” rating on the stock.
• 4/9/2024 – Tesla had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $190.00 to $175.00. They now have a “neutral” rating on the stock.
• 4/4/2024 – Tesla had its price target lowered by analysts at Morgan Stanley from $320.00 to $310.00. They now have an “overweight” rating on the stock.
• 4/3/2024 – Tesla had its price target lowered by analysts at JPMorgan Chase & Co. from $130.00 to $115.00. They now have an “underweight” rating on the stock.
• 4/3/2024 – Tesla had its price target lowered by analysts at HSBC Holdings plc from $143.00 to $138.00. They now have a “reduce” rating on the stock.
• 4/3/2024 – Tesla had its price target lowered by analysts at Truist Financial Co. from $193.00 to $176.00. They now have a “hold” rating on the stock.
• 4/3/2024 – Tesla had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $200.00 to $189.00. They now have a “buy” rating on the stock.
• 4/2/2024 – Tesla had its price target lowered by analysts at Robert W. Baird from $300.00 to $280.00. They now have an “outperform” rating on the stock.
• 4/2/2024 – Tesla had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 4/1/2024 – Tesla had its “underweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $125.00 price target on the stock.
• 3/28/2024 – Tesla had its price target lowered by analysts at Wedbush from $315.00 to $300.00. They now have an “outperform” rating on the stock.
• 3/28/2024 – Tesla had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $218.00 to $200.00. They now have a “buy” rating on the stock.
• 3/27/2024 – Tesla had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $320.00 price target on the stock.
• 3/27/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $298.00 price target on the stock.
• 3/27/2024 – Tesla had its price target lowered by analysts at Citigroup Inc. from $224.00 to $196.00. They now have a “neutral” rating on the stock.
• 3/26/2024 – Tesla had its price target lowered by analysts at Sanford C. Bernstein from $150.00 to $120.00. They now have an “underperform” rating on the stock.
• 3/25/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $195.00 price target on the stock, down previously from $270.00.
• 3/25/2024 – Tesla had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 3/18/2024 – Tesla had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $220.00 to $190.00. They now have a “neutral” rating on the stock.
• 3/14/2024 – Tesla had its price target lowered by analysts at UBS Group AG from $225.00 to $165.00. They now have a “neutral” rating on the stock.
• 3/13/2024 – Tesla was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating. They now have a $125.00 price target on the stock, down previously from $200.00.
• 3/13/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $315.00 price target on the stock.
• 3/6/2024 – Tesla had its price target lowered by analysts at Morgan Stanley from $345.00 to $320.00. They now have an “overweight” rating on the stock.
• 2/29/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $297.00 price target on the stock.
• 2/26/2024 – Tesla is now covered by analysts at China Renaissance. They set a “hold” rating on the stock.

Tesla Trading Down 5.6 %

NASDAQ:TSLA opened at $161.48 on Tuesday. The firm has a market capitalization of $514.28 billion, a P/E ratio of 37.47, a P/E/G ratio of 4.50 and a beta of 2.40. The business has a 50 day simple moving average of $181.44 and a 200 day simple moving average of $213.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.25. Tesla, Inc. has a 12-month low of $152.37 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 EPS. Equities research analysts predict that Tesla, Inc. will post 1.98 EPS for the current year.

Insider Activity

In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the sale, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Xiaotong Zhu sold 687 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total value of $121,674.57. Following the completion of the sale, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,706 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $194.73, for a total transaction of $18,247,369.38. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,920,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,098 shares of company stock valued at $38,802,534. Insiders own 20.90% of the company’s stock.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MidWestOne Financial Group Inc. lifted its stake in Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares in the last quarter. City State Bank lifted its position in shares of Tesla by 3.3% in the third quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after purchasing an additional 40 shares in the last quarter. Marcum Wealth LLC boosted its holdings in shares of Tesla by 0.6% during the third quarter. Marcum Wealth LLC now owns 7,393 shares of the electric vehicle producer’s stock worth $1,850,000 after purchasing an additional 41 shares during the period. Opal Wealth Advisors LLC grew its position in Tesla by 1.0% during the third quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,089,000 after purchasing an additional 42 shares in the last quarter. Finally, Holderness Investments Co. increased its stake in Tesla by 1.6% in the 3rd quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after buying an additional 42 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

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.