BNP Paribas Exane Cuts Tesla (NASDAQ:TSLA) Price Target to $268.00

Tesla (NASDAQ:TSLA) had its price objective decreased by BNP Paribas Exane from $280.00 to $268.00 in a research report report published on Thursday. BNP Paribas Exane currently has an underperform rating on the electric vehicle producer’s stock.

TSLA has been the subject of a number of other reports. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Friday, September 4th. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a research report on Wednesday, September 16th. Guggenheim began coverage on shares of Tesla in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. BTIG Research downgraded shares of Tesla to a “neutral” rating in a research report on Friday, June 5th. Finally, Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $411.89.

Tesla Stock Down 1.5%

NASDAQ:TSLA opened at $372.11 on Thursday. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 344.55, a PEG ratio of 18.79 and a beta of 1.84. 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. The business’s fifty day moving average price is $347.72 and its 200 day moving average price is $378.92.

Tesla (NASDAQ:TSLA) last announced 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). 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 company’s revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts forecast that Tesla will post 0.88 earnings per share for the current fiscal year.

Insider Transactions 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 sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Institutional Trading of Tesla

Several hedge funds have recently added to or reduced their stakes in TSLA. Security National Bank of Sioux City Iowa IA bought a new position in Tesla in the 2nd quarter worth approximately $25,000. Friedenthal Financial grew its stake in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Harborfront Financial Group LLC acquired a new stake in shares of Tesla in the second quarter worth $34,000. Sarver Vrooman Wealth Advisors bought a new position in Tesla during the fourth quarter worth $37,000. Finally, Montgomery Financial Services LLC acquired a new position in Tesla during the 2nd quarter valued at $40,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began delivering its long-delayed Semi electric truck to customers including PepsiCo, DHL and U.S. Foods. The company has started high-volume production at its Nevada factory and is targeting annual capacity of 50,000 trucks. The 500-mile range and elevated diesel prices could improve the economic case for fleet operators. Tesla begins delivering Semi trucks to customers after years of delays
• Positive Sentiment: Tesla reportedly secured a 2,500-truck electric Class 8 order, offering an important early demand signal for the Semi as the company expands beyond passenger vehicles. Tesla wins lead role in 2,500-truck electric Class 8 order
• Positive Sentiment: A new Roadster teaser ahead of the October 1 reveal and reopened reservations are supporting enthusiasm around Tesla’s product pipeline, although financial details remain limited. Tesla drops new Roadster teaser ahead of October 1 reveal
• Neutral Sentiment: Faraday chairman Jerry Wang said Optimus commercialization next year is realistic as software and training improve, but the claim is speculative and not a Tesla forecast. Tesla Optimus commercialization could be realistic next year
• Negative Sentiment: The European Union postponed a vote on Tesla’s supervised FSD system; the next apparent opportunity is not until December. The delay pushes back potential software revenue and broader regulatory adoption. EU vote on Tesla’s supervised self-driving system pushed back
• Negative Sentiment: Reports that Optimus production is constrained by robot-hand assembly and supplier bottlenecks undermine a major part of Tesla’s artificial-intelligence investment narrative. Tesla Optimus reportedly hits production snags
• Negative Sentiment: Belgian testing found FSD frequently exceeded speed limits and attempted prohibited cyclist passes, increasing regulatory, safety and reputational risks. Meanwhile, analysts continue to question whether Semi volumes and margins will justify Tesla’s premium valuation. Tesla supervised self-driving system often misreads speed limits

Tesla Company Profile

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.