Tesla, Inc. (NASDAQ:TSLA) Receives $303.31 Average PT from Analysts

Key Points

• Tesla, Inc. has a consensus recommendation of "Hold" from analysts, with an average 1-year target price of $303.31.
• Insider transactions reveal significant sales, including Director Ira Ehrenpreis selling 477,572 shares worth approximately $170.6 million, indicating a 35.83% decrease in his position.
• Tesla's shares fell 1.8% to $302.63, with a market cap of $976.12 billion, and the company's revenue for the last quarter was down 11.8% year-over-year.

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) has received a consensus recommendation of "Hold" from the forty-two analysts that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $303.31.

A number of research analysts have commented on TSLA shares. Royal Bank Of Canada restated an "overweight" rating on shares of Tesla in a research note on Tuesday. Piper Sandler reaffirmed an "overweight" rating and set a $400.00 price objective on shares of Tesla in a report on Tuesday, June 10th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 24th. Barclays lowered their target price on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Tesla from $315.00 to $285.00 and set a "neutral" rating on the stock in a report on Friday, July 11th.

Insider Transactions at Tesla

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the chief financial officer directly owned 5,924 shares in the company, valued at $1,777,200. This trade represents a 25.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 719,119 shares of company stock valued at $246,186,549 over the last 90 days. Insiders own 20.70% of the company's stock.

Institutional Trading of Tesla

A number of institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC boosted its stake in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. LGT Financial Advisors LLC purchased a new position in Tesla in the second quarter valued at about $29,000. Navigoe LLC purchased a new position in Tesla in the fourth quarter valued at about $37,000. Cherry Tree Wealth Management LLC grew its stake in Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. Finally, First PREMIER Bank grew its stake in Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 1.8%

Shares of NASDAQ:TSLA traded down $5.64 during mid-day trading on Friday, hitting $302.63. The stock had a trading volume of 88,785,612 shares, compared to its average volume of 91,739,856. The company's 50 day moving average is $322.22 and its 200-day moving average is $311.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla has a 12-month low of $182.00 and a 12-month high of $488.54. The company has a market cap of $976.12 billion, a PE ratio of 174.93, a P/E/G ratio of 10.83 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. Tesla's revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. On average, sell-side analysts predict that Tesla will post 2.56 EPS for the current year.

Tesla Company Profile

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.