Tesla (NASDAQ:TSLA) Price Target Lowered to $400.00 at Morgan Stanley

Tesla (NASDAQ:TSLA) had its price target reduced by Morgan Stanley from $417.00 to $400.00 in a report published on Thursday morning, MarketBeat reports. They currently have an equal weight rating on the electric vehicle producer’s stock.

A number of other analysts also recently weighed in on the stock. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a report on Thursday. China Renaissance cut their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. The Goldman Sachs Group began coverage on shares of Tesla in a research note on Friday, June 5th. They issued a “buy” rating for the company. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $406.42.

Tesla Stock Down 14.5%

Shares of TSLA stock opened at $319.69 on Thursday. Tesla has a 12 month low of $297.82 and a 12 month high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.20 trillion, a PE ratio of 296.01, a price-to-earnings-growth ratio of 12.55 and a beta of 1.80. The stock has a 50 day moving average of $402.92 and a 200-day moving average of $403.16.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (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 during the quarter, compared to analyst estimates of $26.42 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue was up 25.5% on a year-over-year basis. On average, equities analysts predict that Tesla will post 1.34 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s 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 sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,015 shares of company stock worth $12,383,640 in the last 90 days. 19.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

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

Tesla News Summary

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

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.