Wedbush Weighs in on Tesla’s Q2 Earnings (NASDAQ:TSLA)

Tesla, Inc. (NASDAQ:TSLA) – Equities researchers at Wedbush lowered their Q2 2026 earnings per share (EPS) estimates for shares of Tesla in a research report issued on Wednesday, October 22nd. Wedbush analyst D. Ives now anticipates that the electric vehicle producer will earn $0.44 per share for the quarter, down from their prior forecast of $0.49. Wedbush currently has a “Outperform” rating and a $600.00 price target on the stock. The consensus estimate for Tesla’s current full-year earnings is $2.56 per share.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same period in the prior year, the business posted $0.72 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis.

Several other research analysts have also recently issued reports on the company. Truist Financial raised their price objective on Tesla from $280.00 to $406.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Benchmark restated a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. Melius Research set a $520.00 target price on Tesla and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Cantor Fitzgerald set a $510.00 target price on Tesla and gave the stock an “overweight” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have given a Hold rating and eleven have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $381.00.

Tesla Trading Up 1.8%

Tesla stock opened at $460.55 on Monday. The stock has a 50-day moving average of $403.03 and a two-hundred day moving average of $343.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla has a one year low of $214.25 and a one year high of $488.54. The stock has a market cap of $1.53 trillion, a PE ratio of 307.03, a price-to-earnings-growth ratio of 16.51 and a beta of 2.08.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Tesla in the 2nd quarter valued at $11,839,824,000. Goldman Sachs Group Inc. raised its holdings in shares of Tesla by 322.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock valued at $6,891,201,000 after buying an additional 20,291,139 shares during the period. Nuveen LLC purchased a new stake in shares of Tesla in the 1st quarter valued at $3,247,619,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock valued at $2,044,683,000 after buying an additional 6,435,598 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after buying an additional 4,502,976 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 202,606 shares of company stock valued at $75,588,902 over the last ninety days. Insiders own 19.90% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.