Tesla (NASDAQ:TSLA) Earns Sell Rating from Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reissued by Glj Research in a research report issued on Friday, Benzinga reports. They presently have a $24.86 price objective on the electric vehicle producer’s stock. Glj Research’s price objective indicates a potential downside of 92.98% from the stock’s previous close.

Several other research analysts have also issued reports on TSLA. Deutsche Bank Aktiengesellschaft set a $420.00 price target on Tesla in a report on Monday, July 27th. Piper Sandler lowered their target price on Tesla from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Citigroup reissued a “market perform” rating on shares of Tesla in a research report on Monday, August 24th. Citizens Jmp initiated coverage on shares of Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Canaccord Genuity Group set a $410.00 target price on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $401.73.

Tesla Stock Down 5.9%

TSLA traded down $22.33 during midday trading on Friday, hitting $354.03. The company had a trading volume of 20,850,469 shares, compared to its average volume of 53,180,090. The stock’s 50 day moving average price is $358.73 and its 200 day moving average price is $383.30. Tesla has a 52 week low of $297.38 and a 52 week high of $498.83. The company has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 327.09, a PEG ratio of 18.02 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.

Tesla (NASDAQ:TSLA) last released 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). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the company earned $0.33 EPS. Tesla’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, research analysts anticipate that Tesla will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Hedge funds have recently modified their holdings of the company. Marks Group Wealth Management Inc increased its position in shares of Tesla by 1.7% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock valued at $680,000 after acquiring an additional 25 shares during the last quarter. Clear Trail Advisors LLC boosted its position in Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after purchasing an additional 25 shares during the last quarter. Peirce Capital Management LLC grew its stake in Tesla by 1.5% in the 2nd quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock valued at $697,000 after purchasing an additional 25 shares during the period. Brio Consultants LLC grew its stake in Tesla by 4.7% in the 4th quarter. Brio Consultants LLC now owns 575 shares of the electric vehicle producer’s stock valued at $259,000 after purchasing an additional 26 shares during the period. Finally, Community Bank & Trust Waco Texas increased its position in shares of Tesla by 1.7% during the 4th quarter. Community Bank & Trust Waco Texas now owns 1,581 shares of the electric vehicle producer’s stock valued at $711,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began limited public Cybercab rides in Austin, marking a tangible step toward Elon Musk’s strategy of transforming the company from a lower-margin automaker into a recurring-revenue autonomous transportation platform. Tesla Cybercab Hits Austin Streets — What It Means for TSLA Stock
• Positive Sentiment: Tesla is soliciting businesses interested in buying Cybercab fleets or supplying infrastructure, potentially allowing third-party operators to accelerate network expansion without Tesla funding every vehicle and operating location itself. Tesla is asking people if they want to buy and run Cybercab fleets
• Positive Sentiment: France has started testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory approval. Tesla also says the Cybercab motor uses no rare-earth metals, which could reduce supply-chain risk. France starts tests on Tesla’s self-driving tech
• Neutral Sentiment: Options traders reportedly placed about $900 million in call premium ahead of the reveal, showing strong speculative interest but also increasing the risk of volatile, sentiment-driven trading. Traders Just Put $900 Million of Call Premium Behind Tesla Before the Cyber Cab Reveal
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs, examining Tesla’s technical data and process for claiming compliance with federal safety standards. The review creates additional regulatory and potential delay risk for the robotaxi business. US auto safety regulator opens probe into nearly 1,000 Tesla Cybercabs
• Negative Sentiment: Coverage characterized the launch as subdued, with investors left questioning deployment scale, safety, economics, and who would capture profits. Morgan Stanley has warned that a limited rollout could pressure the stock. Tesla Falls 3% as Cybercab Launch Leaves Deployment Questions Unanswered
• Negative Sentiment: Broader market pressure following a weaker-than-expected August jobs report is adding to the selling, while Tesla’s extreme valuation leaves little room for execution missteps. The company’s latest quarterly EPS of $0.33 also missed the $0.50 consensus estimate.

About Tesla

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.