Tesla, Inc. (NASDAQ:TSLA) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Tesla, with 21 buy, 19 hold, 4 sell and 1 strong-buy recommendation among 45 firms. The average 12-month price target is $401.74.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year and above estimates, but earnings per share of $0.33 missed the $0.50 consensus forecast.
• Shares opened at $330.88, well below their 1-year high of $498.83, while investors weigh potential growth from retail demand, a proposed $10.1 billion Texas solar factory and expansion of Tesla’s energy and services businesses.

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) has been assigned a consensus rating of "Hold" from the forty-five research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation, twenty-one have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $401.7435.

A number of equities analysts have recently issued reports on TSLA shares. Citigroup started coverage on shares of Tesla in a research note on Thursday, July 9th. They issued a "market perform" rating for the company. Erste Group Bank raised shares of Tesla from a "sell" rating to a "hold" rating in a research note on Friday, June 5th. BNP Paribas Exane lowered shares of Tesla from a "hold" rating to an "underperform" rating in a research report on Friday, June 5th. Citizens Jmp initiated coverage on shares of Tesla in a research note on Thursday, July 9th. They set a "market perform" rating for the company. Finally, BTIG Research downgraded Tesla to a "neutral" rating in a report on Friday, June 5th.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $330.88 on Tuesday. The firm has a market capitalization of $1.31 trillion, a PE ratio of 306.37, a PEG ratio of 16.59 and a beta of 1.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla has a 1-year low of $297.38 and a 1-year high of $498.83. The business's 50 day moving average is $377.06 and its 200-day moving average is $392.83.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period last year, the business earned $0.33 earnings per share. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. Sell-side analysts predict that Tesla will post 0.88 earnings per share for the current year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Retail investors reportedly directed about $372 million into Tesla, while a broader technology rally and expectations for long-term AI and autonomy growth have supported demand for the shares. Why Retail Investors Are Flooding Back Into Tesla
• Positive Sentiment: Tesla’s proposed $10.1 billion solar-cell factory in Texas signals a potentially significant expansion of its energy business and could strengthen the company’s longer-term growth narrative beyond vehicle sales. Tesla Files Plans for a $10.1 Billion Solar Factory in Texas
• Positive Sentiment: A six-seat Model Y configuration helped drive Tesla’s strongest July performance in Australia, offering evidence that product variations may expand demand in family-oriented markets. Tesla's New 6-Seat Model Y
• Positive Sentiment: Analysts and investors continue to highlight Tesla’s app, services and charging ecosystem as ways to monetize its installed vehicle base without relying exclusively on new-car sales. Tesla Just Found Another Way to Grow Without Selling a Car

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NWK Group Inc. acquired a new stake in shares of Tesla in the 2nd quarter valued at $14,809,000. Frazier Financial Advisors LLC bought a new position in Tesla during the 2nd quarter valued at about $277,000. Bell & Brown Wealth Advisors LLC acquired a new position in Tesla in the second quarter valued at about $8,808,000. Strategic Advisory Partners LLC bought a new stake in Tesla during the second quarter worth about $232,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Tesla during the second quarter worth approximately $7,494,000. 66.20% of the stock is owned by institutional investors.

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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