Tesla’s (TSLA) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

Tesla (NASDAQ:TSLA)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday,MarketScreener reports.

Other analysts have also recently issued research reports about the stock. Citigroup reiterated a “neutral” rating on shares of Tesla in a research note on Tuesday, June 16th. Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 5th. BTIG Research cut Tesla to a “neutral” rating in a report on Friday, June 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday, June 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $405.06.

Tesla Price Performance

Shares of TSLA opened at $381.61 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $405.18 and its two-hundred day moving average is $414.53. Tesla has a twelve month low of $288.77 and a twelve month high of $498.83. The firm has a market capitalization of $1.43 trillion, a PE ratio of 350.10, a P/E/G ratio of 16.19 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. Research analysts anticipate that Tesla will post 1.19 earnings per share for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TSLA. Networth Advisors LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new position in Tesla during the second quarter worth approximately $26,000. Davidson Capital Management Inc. raised its stake in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the period. Friedenthal Financial boosted its holdings in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla announced a partnership with Sunrun and Renew Home to deliver more than 16 gigawatts of flexible power capacity for data centers and large energy users, reinforcing the growth potential of its energy-storage and grid-services business. Article Title
• Positive Sentiment: Tesla’s European registrations more than doubled in May, suggesting a rebound in demand in a key market even as Chinese rivals continue to gain share. Article Title
• Positive Sentiment: Analysts and media reports note growing investor interest in Tesla’s AI and robotaxi ambitions, including discussion of a “Megapod” modular AI data-center concept and supervised self-driving approvals in parts of Europe. Article Title
• Neutral Sentiment: UBS said Tesla’s Q2 deliveries remain a key near-term focus, but investors are split on how much the numbers will matter versus the company’s longer-term autonomy narrative. Article Title
• Neutral Sentiment: Commentary around a possible Tesla-SpaceX tie-up and Elon Musk wealth headlines is adding volatility, but these stories are speculative and don’t change Tesla’s operating results today. Article Title
• Negative Sentiment: The biggest short-term headwind is a new NHTSA special crash investigation into a fatal Texas Model 3 accident, which is renewing concerns about Tesla’s driver-assistance systems and could pressure the stock. Article Title
• Negative Sentiment: Market commentary says Tesla has fallen sharply from its recent highs as investors worry that the autonomy story is being overshadowed by safety scrutiny and weaker near-term sentiment. Article Title
• Negative Sentiment: Competitor Waymo is being portrayed as ahead in robotaxis, while investor criticism of Tesla’s execution and public-relations handling is adding to the negative tone around TSLA. Article Title

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.