Tesla’s (TSLA) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Tesla (NASDAQ:TSLA) in a report published on Thursday morning, MarketBeat.com reports.

TSLA has been the subject of several other research reports. The Goldman Sachs Group initiated coverage on shares of Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. UBS Group set a $460.00 price target on shares of Tesla in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesla in a report on Tuesday, June 30th. Wedbush reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Tuesday, April 21st. Finally, Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Wednesday, June 10th. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $406.42.

Tesla Trading Down 14.5%

NASDAQ:TSLA opened at $319.69 on Thursday. Tesla has a 1 year low of $297.82 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The stock has a fifty day moving average price of $402.92 and a two-hundred day moving average price of $403.16. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 296.01, a PEG ratio of 12.55 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.88% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla will post 1.34 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 32,015 shares of company stock valued at $12,383,640 over the last ninety days. 19.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Networth Advisors LLC purchased a new stake in Tesla during the 4th quarter worth $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Tesla in the 3rd quarter valued at approximately $30,000. Prism Advisors Inc. acquired a new position in shares of Tesla in the 4th quarter valued at about $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in shares of Tesla in the 3rd quarter worth approximately $31,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record quarterly revenue of $28.24 billion, up 25.5% year over year, and delivered a record number of vehicles, showing the core business is still growing. Tesla Q2 Earnings Report
• Positive Sentiment: Management highlighted progress in autonomous driving, Robotaxi expansion, Optimus production, and FSD adoption, which keeps the long-term AI and robotics story alive for bullish investors. Reuters Robotaxi Update
• Neutral Sentiment: Some analysts still see upside from the company’s autonomy strategy and reaffirmed Buy/Hold ratings, but several also cut price targets after the earnings call, signaling a more cautious stance. Analyst Price Target Cuts
• Negative Sentiment: Tesla missed EPS estimates, posted negative free cash flow for the first time in more than two years, and confirmed about $25 billion in full-year capex, raising concerns that heavy AI/robotics spending is squeezing near-term profits and liquidity. Reuters Cash Burn and Capex
• Negative Sentiment: Investor reaction also turned more negative because Elon Musk emphasized spending “as fast as we can” on AI and gave few near-term details on Robotaxi timing, which made the growth story look more like a long-dated promise than an immediate profit driver. MarketWatch Investor Reaction

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.