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

Glj Research restated their sell rating on shares of Tesla (NASDAQ:TSLA) in a research report report published on Thursday morning,Benzinga reports.

Other equities research analysts have also recently issued research reports about the stock. HSBC reaffirmed a “reduce” rating and set a $157.00 price objective on shares of Tesla in a research note on Monday, October 5th. Citizens Jmp began coverage on shares of Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. TD Cowen began coverage on shares of Tesla in a report on Monday, October 26th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Tesla from $415.00 to $430.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Finally, Monness Crespi & Hardt began coverage on shares of Tesla in a research report on Monday, October 26th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $414.51.

Tesla Stock Down 10.8%

Tesla stock opened at $343.69 on Thursday. The business’s 50-day moving average price is $372.07 and its 200 day moving average price is $384.65. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.36 trillion, a price-to-earnings ratio of 377.69, a price-to-earnings-growth ratio of 23.86 and a beta of 1.74. Tesla has a 52 week low of $297.38 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same period in the previous year, the company posted $0.50 earnings per share. Tesla’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla will post 0.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s 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 sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Security National Bank of Sioux City Iowa IA purchased a new stake in Tesla during the second quarter worth approximately $25,000. Harborfront Financial Group LLC acquired a new position in Tesla in the second quarter valued at approximately $34,000. Montgomery Financial Services LLC acquired a new position in Tesla in the second quarter valued at approximately $40,000. Timbuktu Capital Management LLC purchased a new position in Tesla in the second quarter valued at approximately $42,000. Finally, Navigoe LLC purchased a new position in Tesla in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
• Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
• Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
• Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
• Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating

About Tesla

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.