Analysts Set Tesla, Inc. (NASDAQ:TSLA) Price Target at $410.77

Tesla, Inc. (NASDAQ:TSLAGet Free Report) has been assigned an average rating of “Hold” from the thirty-nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $410.7661.

Several analysts have commented on the stock. Morgan Stanley reiterated a “positive” rating on shares of Tesla in a research note on Thursday, January 22nd. Industrial Alliance Securities set a $300.00 price target on Tesla in a research note on Monday, October 13th. Mizuho lifted their price objective on Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Dbs Bank raised Tesla to a “hold” rating in a report on Wednesday, November 5th. Finally, Barclays restated a “neutral” rating on shares of Tesla in a research report on Friday, January 23rd.

Check Out Our Latest Stock Report on Tesla

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TSLA. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter worth about $26,000. Turning Point Benefit Group Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla in the third quarter worth approximately $29,000. Prism Advisors Inc. bought a new stake in shares of Tesla during the 4th quarter worth approximately $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in Tesla during the 3rd quarter valued at $31,000. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $430.90 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company’s fifty day moving average price is $445.92 and its 200-day moving average price is $406.46. Tesla has a one year low of $214.25 and a one year high of $498.83. The company has a market capitalization of $1.43 trillion, a PE ratio of 287.27, a price-to-earnings-growth ratio of 7.40 and a beta of 1.83.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

About Tesla

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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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Analyst Recommendations for Tesla (NASDAQ:TSLA)

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