Tesla’s (TSLA) Sell Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their sell rating on shares of Tesla (NASDAQ:TSLAFree Report) in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other brokerages have also issued reports on TSLA. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. UBS Group raised shares of Tesla from a “sell” rating to a “neutral” rating and set a $352.00 price target on the stock in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Tuesday, January 27th. Finally, Barclays reissued a “neutral” rating on shares of Tesla in a research note on Wednesday, April 15th. Eighteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $397.26.

Read Our Latest Report on Tesla

Tesla Trading Up 0.3%

Shares of TSLA stock opened at $387.51 on Wednesday. Tesla has a 1 year low of $244.43 and a 1 year high of $498.83. The firm’s fifty day simple moving average is $387.63 and its 200 day simple moving average is $421.62. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 358.81, a price-to-earnings-growth ratio of 12.22 and a beta of 1.91. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Tesla’s revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla will post 1.37 EPS for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares in the company, valued at $12,166,913.80. This represents a 43.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 53,804 shares of company stock worth $20,865,598. 19.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tesla

Several institutional investors and hedge funds have recently made changes to their positions in the company. Narwhal Capital Management lifted its position in Tesla by 32.8% during the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock worth $4,232,000 after buying an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after buying an additional 7,446 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after buying an additional 3,935 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Tesla by 26.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock worth $8,019,000 after buying an additional 3,724 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in Tesla by 20.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 16,565 shares of the electric vehicle producer’s stock worth $7,367,000 after buying an additional 2,765 shares in the last quarter. 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:

About Tesla

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.