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

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

A number of other research firms have also recently issued reports on TSLA. BTIG Research cut Tesla to a “neutral” rating in a research note on Friday, June 5th. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. Evercore upgraded Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. The Goldman Sachs Group initiated coverage on Tesla in a research report on Friday, June 5th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tesla from $475.00 to $445.00 and set a “neutral” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $404.95.

Tesla Trading Down 2.1%

Shares of NASDAQ TSLA opened at $313.03 on Thursday. The company’s fifty day moving average is $400.74 and its 200-day moving average is $402.53. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 289.85, a P/E/G ratio of 10.51 and a beta of 1.80. Tesla has a twelve month low of $297.82 and a twelve month high of $498.83. The company has a quick ratio of 1.62, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Equities research analysts predict that Tesla will post 1.33 EPS for the current year.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 32,015 shares of company stock valued at $12,383,640 over the last ninety days. 19.90% of the stock is owned by insiders.

Institutional Trading of Tesla

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Platform Technology Partners lifted its position in shares of Tesla by 4.1% in the second quarter. Platform Technology Partners now owns 19,801 shares of the electric vehicle producer’s stock worth $8,328,000 after purchasing an additional 776 shares in the last quarter. Financial Perspectives Inc boosted its holdings in Tesla by 2.9% during the second quarter. Financial Perspectives Inc now owns 8,877 shares of the electric vehicle producer’s stock worth $3,734,000 after purchasing an additional 250 shares during the last quarter. SPWM Advisors LLC grew its position in Tesla by 7.4% in the second quarter. SPWM Advisors LLC now owns 1,419 shares of the electric vehicle producer’s stock valued at $597,000 after purchasing an additional 98 shares in the last quarter. Wealth Advisory Solutions LLC grew its position in Tesla by 24.9% in the second quarter. Wealth Advisory Solutions LLC now owns 1,027 shares of the electric vehicle producer’s stock valued at $432,000 after purchasing an additional 205 shares in the last quarter. Finally, Udine Wealth Management Inc. increased its stake in Tesla by 1.1% in the 2nd quarter. Udine Wealth Management Inc. now owns 11,667 shares of the electric vehicle producer’s stock valued at $4,907,000 after buying an additional 123 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Record quarterly revenue and deliveries show Tesla is still growing its top line. Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off?
• Positive Sentiment: Some investors remain bullish on the long term, with ARK/Cathie Wood buying the dip after the post-earnings slump. Cathie Wood’s Ark Bought the Dip in Tesla Stock
• Neutral Sentiment: Tesla continued to promote robotaxi and Optimus progress, but the market appears to want tangible revenue and execution milestones before rewarding those ambitions. Musk’s bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
• Negative Sentiment: Q2 earnings missed expectations, and Tesla reported negative free cash flow as spending surged. Tesla’s once-bullish tone on robotaxis shifts
• Negative Sentiment: Management’s large 2026 capex plan and AI spending push are spooking investors over margins and cash burn. Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
• Negative Sentiment: Analysts have been lowering price targets following the report, reflecting near-term profitability concerns. Tesla Stock Plunges as Analysts Slash Price Targets after Q2 Earnings Miss

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.