Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed as “Sell” by Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reiterated by equities researchers at Glj Research in a report issued on Thursday, Benzinga reports.

TSLA has been the subject of several other reports. The Goldman Sachs Group raised Tesla from a “neutral” rating to a “buy” rating in a research report on Monday, October 5th. KeyCorp upgraded shares of Tesla to a “sector weight” rating in a report on Monday, September 28th. UBS Group restated a “buy” rating and issued a $391.00 target price (up from $385.00) on shares of Tesla in a report on Wednesday, October 7th. Guggenheim started coverage on Tesla in a research note on Monday, June 29th. They set a “neutral” rating for the company. Finally, Robert W. Baird set a $475.00 price objective on Tesla in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $412.33.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $6.51 on Thursday, hitting $360.65. The company had a trading volume of 18,490,902 shares, compared to its average volume of 50,696,781. The stock has a market cap of $1.42 trillion, a price-to-earnings ratio of 333.73, a P/E/G ratio of 24.37 and a beta of 1.92. The stock has a 50 day moving average price of $358.60 and a 200 day moving average price of $377.05. Tesla has a 1-year low of $297.38 and a 1-year high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. Analysts expect that Tesla will post 0.69 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Clear Trail Advisors LLC lifted its stake 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 valued at $605,000 after acquiring an additional 25 shares during the last quarter. Peirce Capital Management LLC increased its position in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after buying an additional 25 shares during the last quarter. Retirement Planning Group LLC NY increased its holdings in shares of Tesla by 3.8% during the 1st quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after acquiring an additional 26 shares during the last quarter. Cadence Wealth Management LLC lifted its position in Tesla by 4.7% during the first quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock worth $216,000 after acquiring an additional 26 shares during the last quarter. Finally, Phillip James Consulting Co. raised its position in shares of Tesla by 8.7% in the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 26 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is set to unveil its long-delayed next-generation Roadster, potentially featuring SpaceX-assisted thrusters, a targeted range of roughly 620 miles and sub-one-second acceleration. The event could renew enthusiasm around Tesla’s technology and brand, although commercial timing and production details remain important. Tesla set to unveil next-generation Roadster
• Positive Sentiment: A reported 1-gigawatt-hour Megapack order from Apollo Power highlights potential growth in grid storage tied to artificial-intelligence data centers. Tesla has also opened its first heavy-duty Megacharger site with 12 more under construction, expanding its energy and commercial-vehicle opportunities. TSLA Megapack order
• Positive Sentiment: Tesla’s Cybercab fleet in Austin has reportedly expanded rapidly, supporting the company’s robotaxi ambitions. California legislation supporting virtual power plants could also benefit Tesla’s energy-storage business. Tesla robotaxi fleet expansion
• Neutral Sentiment: Speculation about a Tesla-SpaceX merger has attracted attention following a Barclays note, but no agreement has been announced. Prediction-market skepticism suggests investors view the possibility as highly uncertain. Tesla and SpaceX merger speculation
• Negative Sentiment: Analysts and commentators continue to question whether Tesla’s valuation is justified as automotive margins weaken, free cash flow turns negative and planned 2026 capital spending exceeds $25 billion. A “sell” rating was also reaffirmed by GLJ Research.
• Negative Sentiment: Competition is intensifying: General Motors is challenging Tesla on affordability and autonomous driving, while Alphabet’s Waymo threatens the premium attached to Tesla’s robotaxi narrative. Investors are also awaiting answers on Cybercab commercialization, FSD upgrades and robotaxi economics. Waymo competition with Tesla
• Negative Sentiment: Ahead of Tesla’s October 21 earnings report, expectations call for declining earnings, with vehicle deliveries reportedly below the prior year despite exceeding estimates. This keeps automotive revenue and margin performance at the center of near-term investor concern.

About Tesla

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.