Tesla (NASDAQ:TSLA) Earns Outperform Rating from Wedbush

Tesla (NASDAQ:TSLA)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a report released on Friday,Benzinga reports. They presently have a $600.00 price target on the electric vehicle producer’s stock. Wedbush’s target price would indicate a potential upside of 65.82% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. DZ Bank reissued a “sell” rating on shares of Tesla in a report on Thursday, January 29th. Bank of America started coverage on shares of Tesla in a research note on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Thursday, March 12th. Canaccord Genuity Group set a $520.00 price objective on Tesla in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Tesla in a research report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Tesla has an average rating of “Hold” and an average price target of $406.84.

Tesla Price Performance

Shares of TSLA opened at $361.83 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.36 trillion, a PE ratio of 335.03, a PEG ratio of 10.71 and a beta of 1.89. Tesla has a 12-month low of $214.25 and a 12-month high of $498.83. The business has a 50-day simple moving average of $408.20 and a two-hundred day simple moving average of $428.35.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director owned 577,031 shares in the company, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 87,995 shares of company stock valued at $38,315,650 over the last quarter. Insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its position in Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after buying an additional 931 shares in the last quarter. Bison Wealth LLC raised its stake in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after buying an additional 3,558 shares during the period. Sivia Capital Partners LLC raised its stake in Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after buying an additional 1,011 shares during the period. Finally, AGP Franklin LLC boosted its holdings in Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after acquiring an additional 851 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Wedbush reaffirmed an “outperform” rating and keeps a $600 price target on TSLA, giving bulls a high‑conviction upside case that supports long‑term holders. Wedbush $600 PT
• Positive Sentiment: Some data suggest Tesla is relatively resilient within a weak EV market — one headline calls Tesla a “big winner” amid a steep 28% U.S. EV sales slump, which could mean share gains if Tesla maintains share vs. peers. Tesla winner in EV slump
• Neutral Sentiment: Analysts and strategists note deliveries will be the key catalyst next week — Gene Munster says delivery figures could move broader equities, so TSLA may swing sharply on the print. Gene Munster on deliveries
• Neutral Sentiment: Market participants are watching Tesla’s Q1 delivery release scheduled for April 2 as the near‑term event that will likely determine whether the stock stabilizes or sells off further. Mark calendars for April 2
• Negative Sentiment: Delivery fears and downward revisions are pressuring the stock: Tesla‑published and independent consensus for Q1 deliveries sits near ~365k and Tesla recently trimmed its 2026 delivery outlook to ~1.69M, prompting analyst cuts and delta‑sized positioning. Q1 delivery consensus Tesla cuts 2026 delivery outlook
• Negative Sentiment: Macro and geopolitical risk (Iran war → rising oil) have knocked broader tech and auto stocks lower; headlines pushing oil toward $100 are creating rate/inflation fear that amplifies selling in TSLA. Oil near $100, markets slide Tech stocks suffer worst week
• Negative Sentiment: Competitive pressure in China and Canada (BYD expansion and record orders) plus weakening brand perception and higher EV prices/borrowing costs are weighing on demand expectations for Tesla. BYD moving into Canada

About Tesla

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.