Tesla Stock Earnings Estimates Boosted by Erste Group Bank

Tesla, Inc. (NASDAQ:TSLA - Free Report) - Equities research analysts at Erste Group Bank increased their FY2027 EPS estimates for shares of Tesla in a report released on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now forecasts that the electric vehicle producer will post earnings of $1.13 per share for the year, up from their previous estimate of $1.12. The consensus estimate for Tesla's current full-year earnings is $0.73 per share.

TSLA has been the subject of a number of other reports. BMO Capital Markets started coverage on Tesla in a report on Monday, August 17th. They set an "outperform" rating for the company. Tigress Financial restated a "buy" rating and issued a $550.00 price objective on shares of Tesla in a report on Thursday, October 8th. Truist Financial set a $370.00 price objective on shares of Tesla and gave the company a "hold" rating in a report on Thursday, July 23rd. Guggenheim initiated coverage on shares of Tesla in a research report on Monday, June 29th. They issued a "neutral" rating on the stock. Finally, Wells Fargo & Company reaffirmed a "buy" rating on shares of Tesla in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $412.33.

Tesla Price Performance

NASDAQ:TSLA opened at $375.23 on Wednesday. Tesla has a 52 week low of $297.38 and a 52 week high of $498.83. The stock's fifty day moving average is $357.69 and its two-hundred day moving average is $377.09. The company has a market capitalization of $1.48 trillion, a P/E ratio of 347.44, a P/E/G ratio of 23.17 and a beta of 1.92. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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). The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company's revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's 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 transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tesla

Several hedge funds have recently bought and sold shares of the company. Allied Investment Advisors LLC grew its position in Tesla by 25.3% in the 3rd quarter. Allied Investment Advisors LLC now owns 807 shares of the electric vehicle producer's stock valued at $286,000 after acquiring an additional 163 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in Tesla by 11.7% during the third quarter. Signal Advisors Wealth LLC now owns 30,844 shares of the electric vehicle producer's stock worth $10,944,000 after purchasing an additional 3,229 shares during the period. Foster Group Inc. increased its stake in Tesla by 0.6% during the third quarter. Foster Group Inc. now owns 8,307 shares of the electric vehicle producer's stock worth $2,947,000 after purchasing an additional 52 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Tesla by 14.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 30,734 shares of the electric vehicle producer's stock worth $10,905,000 after purchasing an additional 3,980 shares in the last quarter. Finally, Krilogy Financial LLC lifted its position in shares of Tesla by 4.1% during the third quarter. Krilogy Financial LLC now owns 21,591 shares of the electric vehicle producer's stock worth $8,162,000 after purchasing an additional 841 shares in the last quarter. 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’s third-quarter deliveries totaled 486,532 vehicles, exceeding Wall Street’s estimate of approximately 462,000 and helping drive the recent rebound in the shares. However, deliveries remained below the prior-year period. Tesla Trades at 219x Earnings
• Positive Sentiment: China-made vehicle sales increased 5% in September, extending Tesla’s growth streak in China to 11 months, supported by overseas shipments and price incentives. Tesla China EV Sales Growth
• Positive Sentiment: Jefferies raised its Tesla price target to $400 from $350, citing resilient deliveries and improving prospects for energy, services and other nonautomotive businesses, although it retained a Hold rating. Jefferies Raises Tesla Price Target
• Positive Sentiment: Tesla is expanding its Austin robotaxi fleet and showcasing the Cybercab and driver-assistance technology at the Paris Motor Show, providing potential catalysts for its autonomy strategy. Tesla Robotaxi Lands in Paris
• Neutral Sentiment: Investors are looking ahead to Tesla’s October 21 earnings report, focusing on automotive margins, profitability, capital spending and growth in energy storage and services. Tesla Q3 Earnings Preview
• Negative Sentiment: Analysts have lowered Tesla’s target as concerns grow over approximately $25 billion in planned spending and rising operating costs. The company’s very high earnings multiple also makes the stock vulnerable to weak profits or disappointing guidance. Tesla Target Lowered Over Spending
• Negative Sentiment: U.S. regulators are investigating allegations that Tesla robotaxis exceeded speed limits in active school zones, adding uncertainty to the company’s autonomous-driving rollout. Tesla Robotaxi School-Zone Investigation
• Negative Sentiment: Tesla stopped taking orders in Canada for its two least expensive China-built Model 3 variants, citing import restrictions. The move could limit access to lower-priced vehicles in an important market. Tesla Stops Canadian Model 3 Orders
• Negative Sentiment: New data suggests Cybertruck sales remain far below Elon Musk’s earlier targets, while competition from BYD, European automakers, Lucid and autonomous-driving rivals continues to challenge Tesla’s growth narrative. Cybertruck Deliveries

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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