FY2026 EPS Estimates for Tesla Decreased by Erste Group Bank

Key Points

• Erste Group Bank trimmed its FY2026 EPS estimate for Tesla to $1.08 from $1.15 and kept a Hold rating. The new forecast is still below the broader consensus estimate of $1.19 per share.
• Tesla’s most recent quarterly results beat EPS expectations, posting $0.41 per share versus the $0.39 estimate. However, revenue came in slightly below forecasts at $22.39 billion versus $22.96 billion expected.
• Analyst sentiment remains mixed, with numerous firms maintaining Buy or Hold views and an average rating of Hold. Tesla’s average price target is currently $404.37.

Tesla, Inc. (NASDAQ:TSLA - Free Report) - Equities researchers at Erste Group Bank reduced their FY2026 earnings estimates for shares of Tesla in a research report issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the electric vehicle producer will earn $1.08 per share for the year, down from their prior estimate of $1.15. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for Tesla's current full-year earnings is $1.19 per share.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. The firm's quarterly revenue was up 15.8% on a year-over-year basis.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group reaffirmed a "neutral" rating on shares of Tesla in a report on Wednesday, April 22nd. China Renaissance cut their price target on shares of Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a report on Monday, April 27th. Wedbush reaffirmed an "outperform" rating and set a $600.00 price target on shares of Tesla in a report on Tuesday, April 21st. Mizuho cut their price target on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Finally, Robert W. Baird cut their price target on shares of Tesla from $538.00 to $522.00 and set an "outperform" rating for the company in a report on Friday, April 24th. Twenty-two analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $404.37.

Tesla Stock Performance

Shares of Tesla stock opened at $381.59 on Thursday. The company has a 50 day moving average of $397.29 and a 200-day moving average of $416.02. Tesla has a 1-year low of $288.77 and a 1-year high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.43 trillion, a PE ratio of 350.08, a price-to-earnings-growth ratio of 15.83 and a beta of 1.80.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. This represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Tesla

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC increased its position in shares of Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after buying an additional 5,039 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after buying an additional 7,446 shares during the period. China Universal Asset Management Co. Ltd. increased its position in shares of Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after buying an additional 3,935 shares during the period. Calamos Wealth Management LLC increased its position in shares of Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after buying an additional 2,341 shares during the period. Finally, Willis Johnson & Associates Inc. increased its position in shares of Tesla by 21.6% during the third quarter. Willis Johnson & Associates Inc. now owns 8,917 shares of the electric vehicle producer's stock worth $3,965,000 after buying an additional 1,582 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Analysts at Piper Sandler and JPMorgan turned more bullish on Tesla, citing stronger-than-expected potential in autonomy, robotics, energy storage, and “physical AI,” with some raising price targets sharply. Article Title
• Positive Sentiment: Multiple reports said Tesla’s Full Self-Driving narrative is gaining credibility, including Dutch safety data showing far fewer crashes and news that Belgium approved FSD software use. Article Title
• Positive Sentiment: Tesla also received support from reports of continued robotaxi rollout in Austin and renewed optimism around Optimus and other AI-driven projects, reinforcing the view that the stock’s upside may come more from software and autonomy than car sales alone. Article Title
• Positive Sentiment: Tesla’s China sales reportedly rebounded in May, with retail deliveries up 22.5% year over year and exports from Shanghai improving, easing some demand concerns. Article Title
• Neutral Sentiment: There was also chatter around a possible SpaceX IPO and broader Elon Musk ecosystem speculation, which has boosted sentiment at times but remains largely a narrative-driven factor rather than a direct Tesla operating update. Article Title
• Neutral Sentiment: Tesla CFO Vaibhav Taneja sold shares to cover tax withholding on vested awards, which is routine insider activity and not necessarily a negative fundamental signal. Article Title
• Negative Sentiment: Broader market weakness tied to Middle East tensions, inflation worries, and a tech selloff pressured Tesla along with other high-multiple growth stocks. Article Title
• Negative Sentiment: Competition remains intense, with BYD accelerating charger and product investments and Rivian launching lower-priced EVs, keeping pressure on Tesla’s pricing and market share outlook. Article Title
• Negative Sentiment: Investors also remain cautious about Tesla’s premium valuation and repeated headlines around Musk’s SpaceX plans and merger speculation, which can distract from near-term execution and add volatility. Article Title

Tesla Company Profile

Tesla, Inc NASDAQ: TSLA is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company's stated mission is to accelerate the world's transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla's automotive business includes a lineup of battery‑electric vehicles and related services.

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