Wedbush Issues Pessimistic Forecast for Tesla Earnings

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

A number of other equities research analysts also recently issued reports on the company. Melius started coverage on Tesla in a research note on Monday, October 13th. They set a “buy” rating and a $520.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. HSBC lifted their price target on shares of Tesla from $120.00 to $127.00 in a research note on Monday, September 29th. The Goldman Sachs Group cut their price objective on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Finally, Evercore ISI decreased their target price on Tesla from $300.00 to $235.00 in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and eleven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $381.00.

Tesla Stock Up 4.3%

TSLA stock opened at $452.42 on Monday. Tesla has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The business’s 50-day moving average is $400.41 and its two-hundred day moving average is $342.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 301.61, a P/E/G ratio of 15.45 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $24.98 billion. During the same period last year, the business posted $0.72 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis.

Insider Activity

In related news, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock worth $75,588,902 over the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of hedge funds and other institutional investors have recently modified their holdings of TSLA. Siren L.L.C. bought a new stake in Tesla in the 1st quarter worth approximately $2,332,000. Zuckerman Investment Group LLC grew its holdings in shares of Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after purchasing an additional 826 shares in the last quarter. Keystone Global Partners LLC bought a new stake in Tesla in the first quarter worth $594,000. Strs Ohio purchased a new stake in Tesla during the first quarter valued at $205,495,000. Finally, IFM Investors Pty Ltd lifted its position in Tesla by 8.5% during the first quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer’s stock valued at $153,436,000 after purchasing an additional 46,087 shares during the last quarter. Institutional investors own 66.20% 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.