Tesla (NASDAQ:TSLA) Stock Price Down 1.3% on Analyst Downgrade

Shares of Tesla, Inc. (NASDAQ:TSLA) fell 1.3% during trading on Tuesday 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 $351.67 and last traded at $352.84. Approximately 31,627,799 shares changed hands during trading, a decline of 39% from the average session volume of 51,942,848 shares. The stock had previously closed at $357.45.

Several other equities research analysts also recently commented on the stock. BNP Paribas Exane cut their target price on shares of Tesla from $280.00 to $268.00 and set an “underperform” rating on the stock in a research report on Thursday, September 24th. Robert W. Baird set a $475.00 price target on shares of Tesla in a report on Monday, July 27th. Sanford C. Bernstein raised shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. Evercore raised Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $130.00 target price (up from $125.00) on shares of Tesla in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $410.98.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on 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. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 owned by corporate insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Semi enters volume production: Tesla has begun producing and delivering its long-awaited Semi at a Nevada factory designed for up to 50,000 trucks annually. Record diesel prices could improve the Semi’s operating-cost advantage for commercial fleets with access to inexpensive charging, creating a potential multibillion-dollar growth opportunity over time. Tesla’s Semi Is Finally Here—But Will It Move the Stock?
• Positive Sentiment: Additional European FSD approval: Croatia authorized Tesla’s supervised Full Self-Driving system, expanding the technology’s European footprint to seven countries. The approval supports Tesla’s autonomy strategy, although Croatia’s market is relatively small and investors are looking for broader European authorization. Tesla receives approval to roll out self-driving software in Croatia
• Neutral Sentiment: Q3 deliveries are the next major catalyst: Tesla is expected to release third-quarter delivery figures at the end of the week. Estimates reportedly range from approximately 422,000 to 482,000 vehicles, with some forecasts indicating a year-over-year decline. Strong results could ease concerns, while a miss may intensify pressure on the shares. Tesla’s Q3 deliveries loom large as the Roadster slips again
• Negative Sentiment: Roadster unveiling delayed again: Tesla postponed the second-generation Roadster reveal to October 15 because of severe weather. The latest delay revives concerns about execution and the timing of Tesla’s future growth products, particularly ahead of the delivery report. Tesla Stock Dips as Roadster Reveal Delayed Again
• Negative Sentiment: European FSD rollout faces regulatory hurdles: An EU-wide decision has reportedly been delayed until December, while a safety group urged regulators to reject Tesla’s system over concerns that its speed-offset function could allow vehicles to exceed posted limits. This limits the immediate commercial impact of the Croatia approval. Safety group urges EU to reject Tesla FSD over speed offset
• Negative Sentiment: Valuation and analyst caution remain overhangs: JPMorgan cut its Tesla price target to $415 while maintaining a Neutral rating, citing delivery and market weakness. Tesla’s very high earnings multiple leaves the stock sensitive to slower growth, margin pressure and broader market weakness. JPMorgan Adjusts Price Target on Tesla

Institutional Investors Weigh In On Tesla

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its position in Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after buying an additional 20,810,386 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Tesla during the second quarter valued at about $8,535,612,000. Bank of New York Mellon Corp purchased a new position in Tesla during the second quarter worth about $6,083,630,000. Deutsche Bank AG purchased a new stake in Tesla in the 2nd quarter valued at about $4,039,090,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Tesla in the 2nd quarter worth approximately $3,144,509,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Down 1.3%

The company has a market capitalization of $1.39 trillion, a PE ratio of 326.71, a P/E/G ratio of 18.79 and a beta of 1.84. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $347.48 and a 200 day moving average of $378.49.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Sell-side analysts anticipate 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.