Tesla (NASDAQ:TSLA) Stock Keeps “Sell” Rating at Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating restated by research analysts at Glj Research in a research note issued on Thursday, Benzinga reports.

TSLA has been the subject of a number of other reports. BNP Paribas Exane decreased their price target on Tesla from $280.00 to $268.00 and set an “underperform” rating for the company in a report on Thursday, September 24th. Truist Financial set a $370.00 price target on Tesla and gave the stock a “hold” rating in a report on Thursday, July 23rd. BMO Capital Markets began coverage on Tesla in a report on Monday, August 17th. They set an “outperform” rating for the company. Morgan Stanley reiterated a “reduce” rating on shares of Tesla in a report on Monday, September 14th. Finally, The Goldman Sachs Group upgraded Tesla from a “neutral” rating to a “buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $412.33.

Tesla Trading Down 1.3%

Tesla stock traded down $4.72 during trading hours on Thursday, reaching $362.44. 26,575,531 shares of the company’s stock were exchanged, compared to its average volume of 50,742,867. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $359.46 and its 200 day simple moving average is $377.06. Tesla has a twelve month low of $297.38 and a twelve month high of $498.83. The firm has a market capitalization of $1.43 trillion, a PE ratio of 335.60, a PEG ratio of 24.37 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share 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 business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business’s revenue was up 25.5% on a year-over-year basis. Research analysts predict that Tesla will post 0.69 earnings per share for the current year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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.

Institutional Trading of Tesla

Several large investors have recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA bought a new position in shares of Tesla during the second quarter valued at approximately $25,000. Friedenthal Financial lifted its position in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Harborfront Financial Group LLC purchased a new stake in Tesla during the second quarter valued at approximately $34,000. Lam Group Inc. purchased a new stake in Tesla during the first quarter valued at approximately $37,000. Finally, Montgomery Financial Services LLC purchased a new stake in Tesla during the second quarter valued at approximately $40,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab robotaxi fleet in Austin reportedly expanded eightfold in one month to more than 300 vehicles, with a Dallas rollout next. The growth provides measurable evidence that Tesla’s autonomous ride-hailing strategy is progressing and could eventually support a higher-margin business. Tesla Cybercab fleet expansion
• Positive Sentiment: The long-delayed next-generation Roadster is being revealed at a SpaceX test site, with expected features including extremely rapid acceleration, long range and potentially brief flight capability using SpaceX-related technology. A successful demonstration could revive investor interest in Tesla’s product pipeline and brand. Tesla Roadster reveal
• Positive Sentiment: A 1 GWh Megapack order highlights potential demand from AI data centers and grid-storage customers, while Tesla and Pilot opened their first heavy-duty Megacharger site and have additional locations under construction. California’s expanded virtual-power-plant programs may also benefit Tesla’s energy-storage business. Tesla Megapack order
• Neutral Sentiment: Barclays suggested Tesla and SpaceX could announce a merger before Tesla’s expected December annual meeting. The speculation could create strategic upside, but no agreement has been announced, making the potential transaction highly uncertain. Tesla-SpaceX merger speculation
• Negative Sentiment: Investors remain concerned that Tesla’s premium valuation depends on unproven robotaxi, artificial-intelligence and energy-growth assumptions. Analysts and commentators point to declining margins, negative free cash flow and an upcoming earnings report expected to show weaker results, while Tesla’s prior quarter missed adjusted EPS expectations. Tesla valuation and earnings concerns
• Negative Sentiment: The Roadster’s nearly decade-long delay has increased skepticism that the launch will translate into meaningful volume or earnings. Some market commentators argue that a high-priced sports car and dramatic demonstration will not resolve Tesla’s broader automotive-growth and profitability challenges. Roadster investor debate
• Negative Sentiment: Waymo’s expanding autonomous-driving operation and General Motors’ competitive progress threaten Tesla’s first-mover advantage in robotaxis. Tesla also faces intense competition and price pressure in China, increasing uncertainty around vehicle deliveries and automotive margins. Waymo competition

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.