Tesla (TSLA) – Analysts’ Recent Ratings Changes

Tesla (NASDAQ: TSLA) has recently received a number of price target changes and ratings updates:

• 11/7/2024 – Tesla had its price target raised by analysts at Bank of America Co. from $265.00 to $350.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Tesla had its price target raised by analysts at Barclays PLC from $220.00 to $235.00. They now have an “equal weight” rating on the stock.
• 10/25/2024 – Tesla had its price target raised by analysts at Piper Sandler from $310.00 to $315.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – Tesla was upgraded by analysts at Phillip Securities to a “moderate sell” rating.
• 10/25/2024 – Tesla had its price target raised by analysts at Stifel Nicolaus from $265.00 to $287.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at JPMorgan Chase & Co. from $130.00 to $135.00. They now have an “underweight” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Wells Fargo & Company from $120.00 to $125.00. They now have an “underweight” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Guggenheim from $153.00 to $156.00. They now have a “sell” rating on the stock.
• 10/24/2024 – Tesla was upgraded by analysts at KGI Securities from a “neutral” rating to an “outperform” rating. They now have a $276.00 price target on the stock.
• 10/24/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $300.00 price target on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Royal Bank of Canada from $236.00 to $249.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at The Goldman Sachs Group, Inc. from $230.00 to $250.00. They now have a “neutral” rating on the stock.
• 10/24/2024 – Tesla was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/24/2024 – Tesla had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/24/2024 – Tesla had its price target raised by analysts at Truist Financial Co. from $236.00 to $238.00. They now have a “hold” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Bank of America Co. from $255.00 to $265.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Canaccord Genuity Group Inc. from $254.00 to $278.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Tesla had its price target raised by analysts at Canaccord Genuity Group Inc. from $254.00 to $278.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 10/21/2024 – Tesla had its price target raised by analysts at Jefferies Financial Group Inc. from $165.00 to $195.00. They now have a “hold” rating on the stock.
• 10/17/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 10/11/2024 – Tesla had its “reduce” rating reaffirmed by analysts at HSBC Holdings plc. They now have a $124.00 price target on the stock.
• 10/11/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Roth Mkm. They now have a $85.00 price target on the stock.
• 10/11/2024 – Tesla had its “neutral” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $230.00 price target on the stock.
• 10/11/2024 – Tesla had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 10/8/2024 – Tesla had its price target raised by analysts at Royal Bank of Canada from $224.00 to $236.00. They now have an “outperform” rating on the stock.
• 10/8/2024 – Tesla had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
• 10/7/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 10/3/2024 – Tesla had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $120.00 price target on the stock.
• 10/3/2024 – Tesla had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $310.00 price target on the stock.
• 10/3/2024 – Tesla had its price target raised by analysts at Truist Financial Co. from $215.00 to $236.00. They now have a “hold” rating on the stock.
• 9/30/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/26/2024 – Tesla had its “sell” rating reaffirmed by analysts at Glj Research. They now have a $24.86 price target on the stock.
• 9/25/2024 – Tesla had its price target raised by analysts at Piper Sandler from $300.00 to $310.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Tesla had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $224.00 price target on the stock.
• 9/23/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/16/2024 – Tesla had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $245.00 price target on the stock.
• 9/13/2024 – Tesla had its price target raised by analysts at Guggenheim from $134.00 to $153.00. They now have a “sell” rating on the stock.
• 9/13/2024 – Tesla had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $254.00 price target on the stock.

Tesla Trading Up 8.2 %

Shares of TSLA opened at $321.22 on Monday. The firm has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 88.01, a PEG ratio of 10.59 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $328.71. The company has a 50-day moving average of $241.18 and a 200 day moving average of $215.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, research analysts expect that Tesla, Inc. will post 1.96 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,442,856.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,797 shares of company stock valued at $19,211,821. 20.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. raised its holdings in shares of Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after buying an additional 331 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Tesla by 0.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 95,128 shares of the electric vehicle producer’s stock worth $16,723,000 after acquiring an additional 380 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Tesla by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 608,264 shares of the electric vehicle producer’s stock valued at $106,927,000 after purchasing an additional 2,620 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Tesla by 20.0% in the first quarter. ProShare Advisors LLC now owns 2,188,276 shares of the electric vehicle producer’s stock worth $384,677,000 after purchasing an additional 364,620 shares during the last quarter. Finally, Focused Wealth Management Inc raised its position in Tesla by 7.2% during the 1st quarter. Focused Wealth Management Inc now owns 25,888 shares of the electric vehicle producer’s stock worth $4,551,000 after buying an additional 1,732 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.