Wedbush Reiterates Outperform Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research note issued on Thursday,Benzinga reports. They currently have a $350.00 target price on the electric vehicle producer’s stock. Wedbush’s price objective indicates a potential upside of 21.86% from the stock’s previous close. Wedbush also issued estimates for Tesla’s Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.35 EPS, Q1 2026 earnings at $0.44 EPS, Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.61 EPS and FY2026 earnings at $2.24 EPS.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity Group dropped their price objective on Tesla from $404.00 to $303.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Bank of America cut their price target on shares of Tesla from $490.00 to $380.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. StockNews.com cut shares of Tesla from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tesla from $120.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $287.46.

Tesla Price Performance

Tesla stock opened at $287.21 on Thursday. The stock has a market cap of $925.09 billion, a price-to-earnings ratio of 140.79, a P/E/G ratio of 5.86 and a beta of 2.58. Tesla has a 12-month low of $167.41 and a 12-month high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $258.82 and its 200 day simple moving average is $324.47.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period last year, the firm earned $0.45 earnings per share. As a group, research analysts anticipate that Tesla will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $24,274,300. This represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $383.11, for a total transaction of $2,681,770.00. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $41,745,581.15. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 486,618 shares of company stock worth $155,887,459. Company insiders own 20.70% of the company’s stock.

Hedge Funds Weigh In On Tesla

Large investors have recently made changes to their positions in the company. Hengehold Capital Management LLC boosted its position in shares of Tesla by 1.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,347 shares of the electric vehicle producer’s stock valued at $544,000 after acquiring an additional 24 shares during the period. Strategic Investment Advisors MI boosted its holdings in Tesla by 0.3% in the 4th quarter. Strategic Investment Advisors MI now owns 6,990 shares of the electric vehicle producer’s stock valued at $2,823,000 after purchasing an additional 24 shares during the period. Acropolis Investment Management LLC grew its position in shares of Tesla by 0.9% during the 4th quarter. Acropolis Investment Management LLC now owns 2,814 shares of the electric vehicle producer’s stock worth $1,136,000 after purchasing an additional 25 shares in the last quarter. Mount Vernon Associates Inc. MD increased its holdings in shares of Tesla by 0.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,305 shares of the electric vehicle producer’s stock worth $2,950,000 after purchasing an additional 25 shares during the period. Finally, Vista Finance LLC raised its position in shares of Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock valued at $1,417,000 after buying an additional 25 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

About Tesla

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.