Tesla (NASDAQ:TSLA) Upgraded to Hold at Erste Group Bank

Tesla (NASDAQ:TSLA) was upgraded by equities researchers at Erste Group Bank from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other equities analysts have also recently issued research reports about the company. Barclays reiterated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. TD Cowen reiterated a “buy” rating and set a $490.00 target price on shares of Tesla in a report on Thursday. Wedbush reiterated an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Tuesday, April 21st. Bank of America initiated coverage on shares of Tesla in a research note on Wednesday, March 4th. They set a “buy” rating and a $460.00 price objective for the company. Finally, DZ Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective for the company in a research note on Friday, April 24th. Nineteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $404.37.

Tesla Price Performance

TSLA stock opened at $418.45 on Friday. The stock has a 50-day moving average price of $395.23 and a two-hundred day moving average price of $416.24. The stock has a market cap of $1.57 trillion, a PE ratio of 383.90, a price-to-earnings-growth ratio of 16.73 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla has a 1 year low of $273.21 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities analysts forecast that Tesla will post 1.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,218 shares of company stock valued at $20,609,455 over the last quarter. 19.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tesla

Hedge funds have recently bought and sold shares of the company. PFS Partners LLC boosted its position in Tesla by 4.2% in the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 24 shares during the period. Presidio Capital Management LLC boosted its position in Tesla by 0.6% in the 3rd quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock valued at $1,777,000 after buying an additional 25 shares during the period. Journey Advisory Group LLC raised its holdings in shares of Tesla by 0.7% in the 3rd quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock valued at $1,518,000 after purchasing an additional 25 shares in the last quarter. Boltwood Capital Management raised its holdings in shares of Tesla by 1.2% in the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock valued at $953,000 after purchasing an additional 25 shares in the last quarter. Finally, Woodmont Investment Counsel LLC raised its holdings in shares of Tesla by 1.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after purchasing an additional 25 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla to neutral from underweight, saying the market is increasingly valuing TSLA for autonomous driving, robotics, and “physical AI” opportunities rather than near-term earnings. The bank also suggested Tesla’s push into new addressable markets could be underappreciated. Article Title
• Positive Sentiment: Tesla continues to make progress in autonomy, including expanding its unsupervised Robotaxi service in Austin, which supports the bull case that software and ride-hailing could become important future growth drivers. Article Title
• Positive Sentiment: Recent data showed Tesla’s China-made EV sales surged in May, signaling an early recovery in one of the company’s most important markets and helping ease demand concerns. Article Title
• Neutral Sentiment: SpaceX’s blockbuster IPO and speculation about Elon Musk’s broader empire are keeping investor attention on Musk-related AI and robotics assets, but those headlines are indirect for TSLA and may also create valuation comparison noise. Article Title
• Neutral Sentiment: Bitcoin’s selloff reportedly erased more than $220 million in value from Tesla’s crypto treasury, a headline that matters financially but is not likely the main driver of TSLA’s move today. Article Title
• Negative Sentiment: Several articles continued to argue that Tesla’s valuation remains stretched, with investors questioning whether AI, robotics, and robotaxi optimism can justify the stock’s high multiple without stronger earnings execution. Article Title
• Negative Sentiment: Additional pressure came from headlines about competition in EVs and autonomy, including BYD’s charging-network push and scrutiny around Tesla’s Full Self-Driving claims in China. Article Title

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.