Shares of Tesla, Inc. (NASDAQ:TSLA – Get Free Report) were down 3.2% on Monday . The company traded as low as $391.37 and last traded at $394.76. 32,627,370 shares changed hands during trading, a decline of 44% from the average daily volume of 57,800,961 shares. The stock had previously closed at $407.76.
Key Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Wall Street raised Tesla price targets ahead of Q2 earnings, including moves from Morgan Stanley and Barclays, reinforcing expectations for a solid report and helping sentiment around TSLA. Three Price Target Boosts Can’t Help Tesla Stock
- Positive Sentiment: Tesla reported its best quarter in two years, with deliveries coming in well above expectations and energy storage deployments also strong, which boosts the case for stronger near-term earnings. Elon Musk’s Tesla Posts Best Quarter in Two Years
- Positive Sentiment: Jefferies said Tesla’s growth and earnings deterioration may be reversing ahead of results, and it suggested the stock could have upside if the turnaround holds. TSLA Stock Back To $400? Jefferies Lays Out Bull Case
- Neutral Sentiment: Tesla’s average selling price dipped only marginally in June even as U.S. EV prices fell more broadly, suggesting Tesla is still competing on price but not facing an outsized pricing collapse versus the market. EV Prices Fall Over 4% as Tesla Records Marginal Price Drop
- Neutral Sentiment: Several articles argue Tesla is pivoting toward robotics, autonomy, and a broader platform story rather than just cars, which supports the long-term thesis but leaves near-term investors waiting for proof. What If the Car Is No Longer the Point For Tesla Stock?
- Negative Sentiment: Some coverage remains skeptical, pointing to Tesla facing a more uncertain future and highlighting rivals like Rivian, Lucid, and XPeng as competitive threats that could pressure investor enthusiasm. Want to Buy Tesla? 3 Reasons to Buy This Luxury Automaker’s Stock Instead.
- Negative Sentiment: Investor concern also persists around Tesla’s rich valuation and the possibility that the current rally has already priced in much of the near-term delivery and earnings upside. Tesla Stock Isn’t Cheap Anymore. Buy, Sell or Hold?
Analysts Set New Price Targets
A number of brokerages have commented on TSLA. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Royal Bank Of Canada boosted their target price on shares of Tesla from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Erste Group Bank raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, China Renaissance dropped their price objective on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $408.07.
Tesla Price Performance
The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 363.39, a PEG ratio of 14.46 and a beta of 1.80. The company has a fifty day simple moving average of $410.86 and a two-hundred day simple moving average of $407.41.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Sell-side analysts expect that Tesla, Inc. will post 1.3 EPS for the current fiscal year.
Insider Buying and Selling
In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, 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. Over the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. Insiders own 19.90% of the company’s stock.
Institutional Trading of Tesla
Institutional investors and hedge funds have recently modified their holdings of the stock. Networth Advisors LLC acquired a new position in shares of Tesla in the 4th quarter valued at $26,000. Chapman Financial Group LLC bought a new stake in Tesla during the 2nd quarter worth approximately $26,000. Davidson Capital Management Inc. lifted 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 buying an additional 27 shares in the last quarter. Friedenthal Financial raised its holdings in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the period. Finally, Prism Advisors Inc. bought a new position in Tesla during the 4th quarter worth about $30,000. 66.20% of the stock is owned by institutional investors.
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.
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