Tesla’s (TSLA) “Sell” Rating Reiterated at Glj Research
by Danessa Lincoln · The Markets DailyGlj Research restated their sell rating on shares of Tesla (NASDAQ:TSLA – Free Report) in a report issued on Tuesday, Marketbeat.com reports.
Several other research firms have also weighed in on TSLA. DZ Bank raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. Canaccord Genuity Group set a $410.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, HSBC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $401.74.
Tesla Trading Down 1.7%
NASDAQ TSLA opened at $345.13 on Tuesday. The stock has a 50-day simple moving average of $366.49 and a 200 day simple moving average of $387.49. The company has a market capitalization of $1.36 trillion, a PE ratio of 319.57, a P/E/G ratio of 17.73 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 12 month low of $297.38 and a 12 month high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Research analysts forecast that Tesla will post 0.88 EPS for the current year.
Insider Activity
In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 corporate insiders.
Hedge Funds Weigh In On Tesla
A number of large investors have recently added to or reduced their stakes in TSLA. Clarus Wealth Advisors raised its stake in shares of Tesla by 9.8% in the 2nd quarter. Clarus Wealth Advisors now owns 6,009 shares of the electric vehicle producer’s stock valued at $2,368,000 after purchasing an additional 535 shares during the period. Chesapeake Wealth Management boosted its position in shares of Tesla by 2.3% during the second quarter. Chesapeake Wealth Management now owns 2,856 shares of the electric vehicle producer’s stock worth $1,201,000 after buying an additional 65 shares during the period. Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of Tesla by 323.8% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 36,422 shares of the electric vehicle producer’s stock worth $15,319,000 after buying an additional 27,827 shares in the last quarter. Bedel Financial Consulting Inc. raised its position in Tesla by 9.0% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 3,830 shares of the electric vehicle producer’s stock valued at $1,611,000 after buying an additional 317 shares during the last quarter. Finally, Requisite Capital Management LLC raised its position in Tesla by 40.3% in the 2nd quarter. Requisite Capital Management LLC now owns 2,528 shares of the electric vehicle producer’s stock valued at $1,063,000 after buying an additional 726 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.
Trending Headlines about Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: JPMorgan said Tesla is prioritizing the Cybercab, expressed confidence in scaling operations and described the upcoming FSD V15 as a potential “step-change” from prior versions. The bank also highlighted the possibility of future vehicles using the Cybercab platform. JPMorgan Cybercab and FSD V15 Analysis
- Positive Sentiment: Einride’s planned deployment of 500 Tesla Semi trucks provides evidence of commercial demand and could support Tesla’s long-delayed autonomous-trucking strategy, although production constraints remain. TSLA-Einride Deal Analysis
- Positive Sentiment: The longer-wheelbase, six-seat Model Y L is expected to enter the U.S. market, potentially broadening Tesla’s appeal to family buyers and helping revive vehicle growth. Tesla Model Y L Expansion
- Positive Sentiment: Ouster’s CEO said Tesla and Waymo are expanding the physical-AI market, potentially benefiting suppliers involved in autonomous systems. Tesla also sold an Omni One Enterprise system to its Optimus program for robot teleoperation. Tesla and Waymo Physical AI Market
- Neutral Sentiment: Reports suggest a Cybercab launch or event could occur as soon as this month, sustaining investor interest in robotaxis. However, one projection estimates Cybercab revenue would add less than 5% to Tesla’s revenue during its first full year, limiting its immediate financial impact. Cybercab Revenue Forecast
- Negative Sentiment: JPMorgan reportedly indicated that the Optimus robot timeline may extend further, undermining a major part of Tesla’s long-term growth narrative. JPMorgan Optimus Delay Report
- Negative Sentiment: A Tesla Robotaxi reportedly struck plastic bollards in Austin, renewing concerns about autonomous-driving reliability and the pace of a broader rollout. Tesla Robotaxi Bollard Incident
- Negative Sentiment: Nevada approved only 10 of Tesla’s requested 5,000 Las Vegas robotaxi permits, capped speeds and barred airport service, highlighting regulatory limits. Viking Global also cut its Tesla position by 78%, while GLJ Research reaffirmed a Sell rating. Tesla Las Vegas Robotaxi Permits
- Negative Sentiment: Tesla is reportedly refusing to accept its own vehicles as trade-ins in Canada, a policy that could hurt customer convenience and used-vehicle demand.
About Tesla
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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