Tesla (TSLA) – Analysts’ Recent Ratings Updates

Tesla (NASDAQ: TSLA) recently received a number of ratings updates from brokerages and research firms:

• 9/30/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/26/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 9/25/2024 – Tesla had its price target raised by analysts at Piper Sandler from $300.00 to $310.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $224.00 price target on the stock.
• 9/23/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/16/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/13/2024 – Tesla had its price target raised by analysts at Guggenheim from $134.00 to $153.00. They now have a “sell” rating on the stock.
• 9/13/2024 – Tesla had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $254.00 price target on the stock.
• 9/10/2024 – Tesla had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $295.00 price target on the stock.
• 9/9/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/5/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 9/5/2024 – Tesla is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
• 9/5/2024 – Tesla had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $310.00 price target on the stock.
• 9/3/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 8/29/2024 – Tesla is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
• 8/20/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $280.00 price target on the stock.
• 8/19/2024 – Tesla had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $300.00 price target on the stock.
• 8/16/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 8/14/2024 – Tesla had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $215.00 price target on the stock.
• 8/8/2024 – Tesla had its price target lowered by analysts at Royal Bank of Canada from $227.00 to $224.00. They now have an “outperform” rating on the stock.

Tesla Price Performance

TSLA stock opened at $261.63 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company’s fifty day moving average price is $222.10 and its 200-day moving average price is $199.58. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00. The company has a market capitalization of $835.81 billion, a PE ratio of 66.74, a price-to-earnings-growth ratio of 7.08 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Tesla’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,661 shares of company stock worth $16,663,291. 25.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank & Trust Co purchased a new position in Tesla during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Tesla during the second quarter valued at about $26,000. Abich Financial Wealth Management LLC raised its position in shares of Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Tesla in the 4th quarter worth approximately $37,000. Finally, Kessler Investment Group LLC grew its position in Tesla by 35.9% during the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

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.