Tesla (NASDAQ:TSLA) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating reiterated by Deutsche Bank Aktiengesellschaft in a report issued on Tuesday,MarketScreener reports.

Several other equities analysts have also recently weighed in on TSLA. Guggenheim initiated coverage on Tesla in a research note on Monday. They set a “neutral” rating on the stock. Sanford C. Bernstein upgraded shares of Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Tuesday, April 21st. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Citigroup restated a “neutral” rating on shares of Tesla in a report on Tuesday, June 16th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $403.07.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $420.60 on Tuesday. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 385.87, a PEG ratio of 16.37 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The firm’s 50-day simple moving average is $406.47 and its 200 day simple moving average is $412.53.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate 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 business posted $0.27 earnings per share. As a group, research analysts anticipate that Tesla will post 1.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 the business’s 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 transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,015 shares of company stock valued at $12,383,640 over the last quarter. Company insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Large investors have recently bought and sold shares of the business. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth about $26,000. Davidson Capital Management Inc. raised its stake in 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 acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in Tesla during the 3rd quarter worth about $30,000. Prism Advisors Inc. purchased a new stake in Tesla in the fourth quarter valued at approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Tesla in the third quarter worth about $31,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s recent FSD V14 Lite rollout and Cybercab testing without a steering wheel or pedals are fueling optimism that its autonomy roadmap is advancing, helping sentiment around the stock. Tesla’s stock rips higher after a long-awaited update to self-driving technology
• Positive Sentiment: Investors are also betting Tesla will post stronger Q2 deliveries, with analysts expecting a rebound driven by improving European demand and higher registrations in markets like France and Sweden. Tesla Q2 deliveries seen rising as European demand gathers pace (TSLA)
• Positive Sentiment: News that Tesla is testing its Cybercab and expanding work on Optimus robots supports the idea that Tesla is more than an EV maker, reinforcing the long-term AI and robotics thesis behind the stock. Tesla starts testing Cybercab without pedals or a steering wheel in Austin
• Neutral Sentiment: Several analysts and commentators say Tesla’s next move likely depends on Thursday’s delivery report, with estimates ranging widely and creating volatility ahead of the release. Tesla Deliveries Should Show a Second Straight Quarter of Growth
• Neutral Sentiment: Broader EV-sector strength and a tech rebound are also lifting TSLA alongside peers, which is helping the stock recover but does not reflect a new company-specific fundamental update by itself. Tesla Jumps 8%, Rivian and Lucid Rise 7% as EV Stocks Ride a Tech Rebound
• Negative Sentiment: Bearish headlines are limiting upside, including Michael Burry’s new short position on Tesla and renewed concerns that the stock’s valuation is stretched relative to its near-term fundamentals. Michael Burry Bets Against Tesla (TSLA), Nvidia (NVDA) and Semiconductor Giants in AI Bubble Warning
• Negative Sentiment: Competition is also a concern, with BYD expected to overtake Tesla again in global fully electric vehicle sales, underscoring pressure on Tesla’s core auto business. BYD set to again overtake Tesla as top electric car seller

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.