Glj Research Reaffirms Sell Rating for Tesla (NASDAQ:TSLA)

Key Points

• GLJ Research reaffirmed its sell rating on Tesla, while analyst opinion overall remains more positive: MarketBeat’s consensus is “Moderate Buy,” with a $414.50 price target.
• Tesla shares fell $41.86 to $343.33 in Thursday trading, below their 50-day and 200-day moving averages.
• Tesla reported quarterly EPS of $0.48, beating estimates of $0.46, while revenue of $28.05 billion was slightly below expectations and down 0.2% year over year.

Tesla (NASDAQ:TSLA - Get Free Report)'s stock had its "sell" rating reissued by investment analysts at Glj Research in a research report issued to clients and investors on Thursday, Benzinga reports.

A number of other brokerages have also recently issued reports on TSLA. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a report on Monday, October 19th. CLSA reissued an "underperform" rating on shares of Tesla in a research note on Monday, October 26th. UBS Group raised shares of Tesla from a "neutral" rating to a "buy" rating in a research note on Monday, October 26th. Monness Crespi & Hardt started coverage on Tesla in a research note on Monday, October 26th. They issued a "buy" rating on the stock. Finally, Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a "market perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $414.50.

Tesla Stock Performance

Shares of TSLA stock traded down $41.86 during mid-day trading on Thursday, reaching $343.33. The stock had a trading volume of 78,323,354 shares, compared to its average volume of 50,280,879. The firm has a market cap of $1.36 trillion, a PE ratio of 377.29, a P/E/G ratio of 24.68 and a beta of 1.74. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. Tesla has a one year low of $297.38 and a one year high of $498.83. The firm's 50 day simple moving average is $372.12 and its 200 day simple moving average is $385.12.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $28.05 billion during the quarter, compared to analysts' expectations of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. Tesla's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. On average, analysts forecast that Tesla will post 0.67 EPS for the current year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 20.00% of the company's stock.

Institutional Investors Weigh In On Tesla

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of Tesla during the 2nd quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp bought a new position in shares of Tesla in the second quarter valued at about $6,083,630,000. Deutsche Bank AG bought a new position in shares of Tesla in the second quarter valued at about $4,039,090,000. Canada Pension Plan Investment Board acquired a new stake in shares of Tesla during the 2nd quarter worth about $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Tesla during the 2nd quarter worth about $2,995,584,000. Institutional investors own 66.20% of the company's stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s European registrations reportedly surged in several markets, potentially benefiting from higher fuel prices. The report also notes that BYD and other Chinese EV makers are gaining ground. Tesla Registrations Explode Across Europe
• Positive Sentiment: Tesla opened a Berlin engineering center, and its robotaxi service has expanded to Fort Worth; FSD subscriptions reportedly exceed 1.7 million. These developments support its technology and autonomy growth story, though profitability remains a question. Tesla Stock Plunges Despite New Engineering Center How Much of Tesla’s Robotaxi Future Is Already Priced In?
• Neutral Sentiment: Coverage says Austin politicians could become a headwind for Tesla as the company expands in Texas. The implications for its operations and plans remain uncertain. Tesla Moved to Austin—Now Its Biggest Headwind Might Be Austin Politicians
• Negative Sentiment: Democratic wins in the midterms, including in Texas, have raised concerns about tougher oversight of AI and data-center projects and possible obstacles to Musk’s expansion plans. Investors are also reassessing political risk after Musk backed Republican candidates. SpaceX, Tesla Extend Losses as Midterm Results Cloud Outlook
• Negative Sentiment: Uncertainty about a possible all-stock SpaceX–Tesla merger is weighing on sentiment. Critics warn that dilution or a shrinking deal premium could hurt Tesla shareholders, while regulatory and political complications add risk. Gary Black Warns About SpaceX Merger Premium
• Negative Sentiment: Analysts and investors also point to earnings pressure, rising spending and a valuation that depends heavily on future Robotaxi and Optimus growth. Separately, a South Korean consumer group has alleged Tesla misled customers about automated-driving capabilities, creating potential legal and reputational risk. Tesla’s Next Act Could Be Its Most Important Yet Consumer Group Alleges Tesla Misled South Korean Customers

Tesla Company Profile

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.