Tesla (NASDAQ:TSLA) Stock Falls 3.9% Following Analyst Downgrade

Tesla, Inc. (NASDAQ:TSLA)’s stock price traded down 3.9% during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $445.00 to $415.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Tesla traded as low as $356.80 and last traded at $357.45. 38,303,036 shares traded hands during trading, a decline of 26% from the average daily volume of 52,023,105 shares. The stock had previously closed at $372.11.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a report on Friday. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Robert W. Baird set a $475.00 price objective on Tesla in a research report on Monday, July 27th. Barclays increased their price objective on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Finally, Mizuho set a $450.00 target price on shares of Tesla and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $410.98.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Semi deliveries begin: Tesla has started delivering its long-delayed Semi trucks to customers, providing evidence that the commercial-vehicle business is moving from development toward revenue generation. Large shipper orders, high diesel prices and potential operating-cost savings could support demand. Could This Be the Catalyst That Supercharges Tesla Stock Before the End of 2026?
• Positive Sentiment: Automated Semi production: Tesla is building a highly automated battery-production pipeline at Giga Texas designed to move 4680 cells into Semi production with minimal human handling. Successful execution could improve manufacturing efficiency and margins as volumes increase. Tesla Wants Zero Human Battery Contact for Semi Production
• Positive Sentiment: Long-term technology upside: Tesla’s Full Self-Driving software, robotics ambitions and potential autonomous-vehicle businesses remain central to the bull case. Nearly 1.5 million customers have reportedly paid for FSD, while the Roadster’s planned unveiling could renew investor interest. Can This Number Push Tesla Stock Higher?
• Neutral Sentiment: Major events ahead: Tesla is expected to unveil the next-generation Roadster on Thursday and report third-quarter deliveries shortly afterward. The Roadster may dominate investor attention, but analysts expect roughly 463,000 vehicles and a year-over-year decline from the prior-year quarter. Tesla stock: why the upcoming delivery report may not matter much
• Negative Sentiment: Analyst caution: JPMorgan lowered its Tesla price target from $445 to $415 and retained a Neutral rating, citing weaker expectations for earnings and softness in key markets. Investors are also cautious ahead of the delivery report. JPMorgan Adjusts Price Target on Tesla to $415 From $445, Keeps Neutral Rating
• Negative Sentiment: Execution and valuation risks: A possible weather-related delay to the Roadster demonstration adds uncertainty, while Tesla’s very high valuation leaves the stock vulnerable if deliveries, profitability or broader market conditions disappoint. Tesla Stock Slides As Roadster Demo May Face Weather Delay

Institutional Investors Weigh In On Tesla

Several hedge funds have recently made changes to their positions in the company. Marks Group Wealth Management Inc boosted its stake in shares of Tesla by 1.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock worth $680,000 after acquiring an additional 25 shares during the period. Clear Trail Advisors LLC raised its stake in Tesla by 1.6% during the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock valued at $605,000 after purchasing an additional 25 shares during the period. Peirce Capital Management LLC lifted its holdings in Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after purchasing an additional 25 shares in the last quarter. WealthTrust Axiom LLC lifted its holdings in Tesla by 1.6% in the 4th quarter. WealthTrust Axiom LLC now owns 1,630 shares of the electric vehicle producer’s stock worth $733,000 after purchasing an additional 26 shares in the last quarter. Finally, Retirement Planning Group LLC NY boosted its stake in Tesla by 3.8% in the 1st quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 26 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

The firm has a market capitalization of $1.41 trillion, a PE ratio of 330.98, a price-to-earnings-growth ratio of 18.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The business’s fifty day simple moving average is $347.72 and its 200-day simple moving average is $378.78.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, July 23rd. 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 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period last year, the firm posted $0.33 EPS. Tesla’s quarterly revenue was up 25.5% compared to the same quarter last year. As a group, equities research analysts expect that Tesla, Inc. will post 0.88 EPS for the current year.

About Tesla

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.