Tesla (NASDAQ:TSLA – Free Report) had its price objective lowered by JPMorgan Chase & Co. from $445.00 to $415.00 in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has a neutral rating on the electric vehicle producer’s stock.
Other equities research analysts have also recently issued research reports about the company. Guggenheim assumed coverage on Tesla in a report on Monday, June 29th. They issued a “neutral” rating for the company. Citizens Jmp assumed coverage on Tesla in a research note on Thursday, July 9th. They set a “market perform” rating on the stock. UBS Group restated a “neutral” rating on shares of Tesla in a report on Thursday, September 24th. Robert W. Baird set a $475.00 target price on Tesla in a research note on Monday, July 27th. Finally, Barclays lifted their price target on Tesla from $360.00 to $370.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $410.98.
Get Our Latest Analysis on Tesla
Tesla Stock Performance
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, sell-side analysts expect that Tesla will post 0.88 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, 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 is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.
Hedge Funds Weigh In On Tesla
Large investors have recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings in Tesla by 8.2% in the 2nd quarter. QRG Capital Management Inc. now owns 487,632 shares of the electric vehicle producer’s stock valued at $205,098,000 after buying an additional 36,916 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Tesla by 7.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 99,244 shares of the electric vehicle producer’s stock valued at $41,742,000 after buying an additional 6,544 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Tesla by 3.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,405,450 shares of the electric vehicle producer’s stock worth $591,124,000 after buying an additional 50,204 shares during the period. State Street Corp increased its position in shares of Tesla by 2.4% during the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after acquiring an additional 2,761,298 shares during the last quarter. Finally, Premier Financial Group acquired a new stake in shares of Tesla during the second quarter valued at about $773,000. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Semi deliveries begin: Tesla has started delivering its long-delayed Semi truck to customers, with large fleet orders and elevated diesel prices potentially supporting a new commercial-vehicle growth opportunity. The company is also reportedly moving toward volume production. Tesla Begins Semitruck Deliveries Amid Slowing EV Sales
- Positive Sentiment: Long-term technology catalysts remain: Tesla’s automated 4680 battery pipeline for Semi production, nearly 1.5 million reported Full Self-Driving customers and potential autonomous-driving, robotics and energy businesses continue to support the bullish investment case. RBC also reiterated a Buy rating. Tesla Wants Zero Human Battery Contact for Semi Production
- Neutral Sentiment: Important events this week: Investors are focused on the Roadster event and Tesla’s third-quarter production and delivery report. Estimates span roughly 422,000 to 482,000 vehicles, reflecting significant uncertainty and expectations for a year-over-year decline from nearly 500,000 deliveries in the comparable quarter. Tesla Q3 2026 Delivery Estimates
- Negative Sentiment: JPMorgan cuts target: JPMorgan lowered its Tesla price target from $445 to $415 and maintained a Neutral rating, citing reduced earnings estimates and weakness in key markets. The revision reinforced investor caution ahead of the delivery report. JPMorgan Adjusts Price Target on Tesla
- Negative Sentiment: Roadster delay: Tesla again postponed the redesigned Roadster’s reveal because of severe weather expected in Texas. The delay removes a near-term promotional catalyst and adds to concerns after years of waiting for the vehicle. Tesla Delays Roadster 2 Event Again
- Negative Sentiment: Broader risks: Higher oil prices, Treasury yields and possible inflation-driven rate hikes pressured U.S. equities. Tesla also faces a California workplace-discrimination trial, creating an additional legal overhang.
Tesla Company Profile
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.
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