Tesla (NASDAQ:TSLA – Free Report) had its target price boosted by Phillip Securities from $215.00 to $220.00 in a research report sent to investors on Monday morning,MarketScreener reports. The firm currently has a sell rating on the electric vehicle producer’s stock.
A number of other brokerages also recently issued reports on TSLA. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Tesla in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered their price target on Tesla from $480.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Bank of America initiated coverage on Tesla in a research report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price target for the company. Finally, Zacks Research downgraded Tesla from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Nineteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $398.42.
Read Our Latest Research Report on Tesla
Tesla Stock Up 0.6%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. As a group, equities analysts predict that Tesla will post 1.35 EPS for the current fiscal year.
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction on Friday, March 6th. The stock was 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 $7,188,625.18. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction on Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 53,804 shares of company stock worth $20,865,598. Insiders own 19.90% of the company’s stock.
Institutional Trading of Tesla
Hedge funds and other institutional investors have recently bought and sold shares of the business. Narwhal Capital Management grew its holdings 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 acquiring an additional 2,350 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings 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 acquiring an additional 7,446 shares in the last quarter. Calamos Wealth Management LLC grew its holdings in Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after acquiring an additional 2,341 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings 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 acquiring an additional 3,935 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings 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 acquiring an additional 3,724 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Bullish technical trigger and momentum trade lifted shares intraday — a key trading signal near $366.53 preceded a sharp rally. Tesla Shares Rise 4% After Key Trading Signal
- Positive Sentiment: Investor thesis still anchored on Tesla’s AI/robotics and chip investments as long‑term value drivers — increased R&D/capex is framed as positioning Tesla for “physical AI” leadership. TESLA (TSLA) To Boost Investments in AI, Robotics and Chips
- Positive Sentiment: Product execution milestones (Optimus/robotaxi/Cybercab entering production) remain potential multi‑year catalysts if commercialization timelines hold. Better Later Than Never? Tesla Stock Hangs in the Crosshairs as Cybercab Finally Enters Production
- Neutral Sentiment: Elon Musk’s plan to roll out X Money could create new revenue streams but faces regulatory hurdles and is a longer‑term unknown. Tesla CEO Musk Nears Launch of X Money
- Neutral Sentiment: Wall Street is deeply split on valuation — new analyst targets range from $220 to $428, which increases short‑term volatility. Wall Street Can’t Agree on Tesla: New Analyst Targets Range From $220 to $428
- Negative Sentiment: Investors alarmed by a ~$25B 2026 capex plan (near‑term free cash flow headwind) — that spending outlook is a core reason shares fell despite a Q1 EPS beat. Investors Are Panicking About $25 Billion in Spending at Tesla, but the SpaceX IPO Could Mean It Doesn’t Even Matter
- Negative Sentiment: 304 million shares from Musk’s 2018 compensation are now registered — the block’s availability raises dilution/selling‑pressure concerns. Elon Musk is about to get a lot richer, as Tesla fulfills 2018 compensation plan
- Negative Sentiment: Self‑driving (FSD) setbacks and negative owner reactions are a reputational and regulatory risk that undercut a key high‑margin future revenue narrative. Tesla: What Most Don’t Know About FSD
Tesla Company Profile
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.
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