Tesla (NASDAQ:TSLA) Shares Down 1.7% After Analyst Downgrade

Tesla, Inc. (NASDAQ:TSLA)’s share price traded down 1.7% on Tuesday after President Capital lowered their price target on the stock from $500.00 to $424.00. President Capital currently has a buy rating on the stock. Tesla traded as low as $337.24 and last traded at $346.65. 70,024,895 shares were traded during mid-day trading, an increase of 12% from the average session volume of 62,312,242 shares. The stock had previously closed at $352.82.

Several other research analysts have also recently commented on the stock. Phillip Securities lowered their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 price objective on shares of Tesla in a research note on Thursday, January 29th. BNP Paribas Exane decreased their price objective on shares of Tesla from $313.00 to $280.00 and set an “underperform” rating on the stock in a research note on Monday, March 2nd. Barclays reissued a “neutral” rating on shares of Tesla in a research note on Wednesday, March 4th. Finally, Robert W. Baird decreased their price objective on shares of Tesla from $548.00 to $538.00 and set an “outperform” rating on the stock in a research note on Thursday, April 2nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have issued a Sell rating to the company. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $400.44.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the transaction, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 53,804 shares of company stock worth $20,865,598. 19.90% of the stock is owned by company insiders.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: NHTSA closed its probe into Tesla’s “Actually Smart Summon” feature, removing a regulatory overhang and giving the stock a short-term lift. NHTSA Closes Probe
• Positive Sentiment: Intel joined Elon Musk’s Terafab initiative (SpaceX, Tesla, xAI), which could secure advanced AI/autonomy silicon for Tesla and reduce supply risk over time. That partnership is being viewed as strategically constructive. Intel Partners With SpaceX, Tesla
• Positive Sentiment: Large buyers like ARK made notable purchases (Cathie Wood added to TSLA), indicating some conviction from market allocators at lower levels. ARK Invest Bought TSLA
• Neutral Sentiment: Mixed regional demand: registrations rose sharply in Germany and South Korea (strong pockets internationally), but those gains haven’t offset the global delivery shortfall. Tesla Registrations in Germany Quadruple
• Neutral Sentiment: Narrative shift: some analysts and articles highlight Tesla’s diversification (energy, AI/robotics) as a longer-term positive, but monetization of robotaxi/Optimist bets remains years away. Tesla Business Diversification
• Negative Sentiment: Q1 deliveries missed consensus (reported ~358,000 vs. ~366,000 expected) and inventories jumped — the primary immediate catalyst for today’s selling as it raises demand/execution concerns. Delivery Miss Coverage
• Negative Sentiment: JPMorgan’s analyst warned of as much as ~60% downside, citing record unsold vehicles and deteriorating financial expectations — a high-profile bearish thesis that amplified selling and led other shops to cut targets. JPMorgan Bear Case
• Negative Sentiment: Analyst downgrades/target cuts and broader “Magnificent Seven” re-rating pressure are increasing the cost of capital and reducing valuation support; some investors worry a potential SpaceX IPO could divert capital away from Tesla shares. SpaceX IPO / Analyst Cuts
• Negative Sentiment: Legal/political headlines involving Elon Musk (OpenAI request for investigations, public disputes) add reputational and governance uncertainty that can widen intraday swings. OpenAI Requests Investigations

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently bought and sold shares of the company. Networth Advisors LLC acquired a new stake in Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in Tesla in the second quarter valued at approximately $26,000. Davidson Capital Management Inc. grew its stake in 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 acquiring an additional 27 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Tesla in the third quarter valued at approximately $29,000. Finally, CoreFirst Bank & Trust acquired a new stake in Tesla in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Down 1.7%

The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $399.41 and its 200 day moving average price is $427.11. The company has a market capitalization of $1.30 trillion, a P/E ratio of 320.97, a P/E/G ratio of 10.69 and a beta of 1.91.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.