Zacks Research Brokers Reduce Earnings Estimates for Tesla

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Tesla to $0.22 from $0.23 and kept a Hold rating on the stock. The consensus full-year earnings estimate for Tesla is $1.29 per share.
• Tesla recently beat quarterly earnings expectations, reporting $0.41 EPS versus the $0.39 consensus, though revenue of $22.39 billion came in slightly below estimates. Revenue still rose 15.8% year over year.
• Wall Street remains mixed on Tesla, with the stock drawing a consensus Hold rating and average target price of $408.52 despite multiple firms maintaining bullish outlooks. The shares were down 2.2% in Thursday trading.

Tesla, Inc. (NASDAQ:TSLA - Free Report) - Analysts at Zacks Research dropped their Q3 2026 earnings estimates for shares of Tesla in a report issued on Wednesday, July 8th. Zacks Research analyst Team now expects that the electric vehicle producer will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.23. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Tesla's current full-year earnings is $1.29 per share.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating 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 business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The firm's revenue for the quarter was up 15.8% on a year-over-year basis.

TSLA has been the subject of a number of other research reports. William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Thursday, July 2nd. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research note on Friday, April 24th. Mizuho reduced their target price on Tesla from $540.00 to $480.00 and set an "outperform" rating for the company in a research report on Thursday, April 23rd. Canaccord Genuity Group lifted their price target on shares of Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird dropped their price objective on shares of Tesla from $538.00 to $522.00 and set an "outperform" rating for the company in a research note on Friday, April 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $408.52.

Tesla Stock Down 2.2%

TSLA stock opened at $394.11 on Thursday. Tesla has a twelve month low of $293.55 and a twelve month high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.48 trillion, a PE ratio of 361.57, a price-to-earnings-growth ratio of 14.81 and a beta of 1.80. The business's 50-day simple moving average is $409.15 and its 200 day simple moving average is $409.76.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The stock was 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 in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,015 shares of company stock valued at $12,383,640 in the last 90 days. 19.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Several institutional investors have recently added to or reduced their stakes in TSLA. Brighton Jones LLC raised its stake in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares during the last quarter. Bison Wealth LLC increased its holdings in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock valued at $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC boosted its stake in Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock worth $1,544,000 after purchasing an additional 851 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries that came in well ahead of expectations, and several articles suggest this supports the case for a stronger second-half outlook. Article Title
• Positive Sentiment: Tesla expanded its Robotaxi rollout to Miami, which keeps the company’s autonomy story front and center and fuels long-term AI-driven valuation hopes. Article Title
• Positive Sentiment: RBC raised its price target on Tesla to $500 and kept an outperform rating, signaling continued Wall Street optimism despite the recent pullback. Article Title
• Neutral Sentiment: New articles are highlighting Tesla’s growing energy-storage business, including more than $9 billion in Megapack orders, which could become an important future revenue stream but is not yet the main driver of the stock. Article Title
• Negative Sentiment: Despite strong delivery numbers, investors are still selling Tesla because they want clearer evidence that autonomy, AI, and robotaxi economics can translate into profits. Article Title
• Negative Sentiment: Regulatory and legal concerns are also weighing on sentiment, including a New Jersey bill that could restrict robotaxi operations and a high-profile manslaughter case involving a Tesla driver, both of which add headline risk. 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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