Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed as “Sell” by Glj Research

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating reiterated by analysts at Glj Research in a research report issued on Thursday, Benzinga reports.

TSLA has been the subject of several other reports. Tigress Financial reaffirmed a “buy” rating and set a $550.00 price objective on shares of Tesla in a research note on Thursday, October 8th. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a research note on Wednesday, September 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $400.00 price objective (up from $350.00) on shares of Tesla in a research note on Monday, October 12th. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $415.07.

Tesla Trading Up 3.8%

Shares of NASDAQ:TSLA traded up $13.34 during trading on Thursday, reaching $368.06. The company’s stock had a trading volume of 38,691,806 shares, compared to its average volume of 50,740,043. 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. The firm’s 50 day simple moving average is $360.72 and its two-hundred day simple moving average is $377.03. The stock has a market capitalization of $1.45 trillion, a PE ratio of 340.80, a price-to-earnings-growth ratio of 22.59 and a beta of 1.92.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the business posted $0.33 EPS. The firm’s revenue was up 25.5% on a year-over-year basis. On average, research analysts predict that Tesla will post 0.71 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tesla

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clear Trail Advisors LLC raised its stake in Tesla by 1.6% in the first quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after buying an additional 25 shares in the last quarter. Peirce Capital Management LLC raised its stake in Tesla by 1.5% in the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after buying an additional 25 shares in the last quarter. Retirement Planning Group LLC NY raised its stake in Tesla by 3.8% in the first quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 26 shares in the last quarter. Cadence Wealth Management LLC raised its stake in Tesla by 4.7% in the first quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock worth $216,000 after buying an additional 26 shares in the last quarter. Finally, Phillip James Consulting Co. raised its stake in Tesla by 8.7% in the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock worth $121,000 after buying an additional 26 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Roadster enthusiasm and SpaceX speculation supported sentiment. Tesla’s thruster-powered Roadster demonstration, along with Elon Musk’s claims about future autonomy and “sentience,” generated investor interest. Commentary also revived speculation that SpaceX could acquire or merge with Tesla, although analysts stressed that such a transaction would be complex and remains unconfirmed. Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
• Positive Sentiment: Florida policy comments added to the Roadster catalyst. Florida Governor Ron DeSantis said he would work to make the flying Roadster legal in the state, helping Tesla outperform smaller EV peers. The commercial opportunity remains highly uncertain because Tesla has not established pricing, production scale or regulatory approval. Tesla Rises as DeSantis Vows to Make Flying Roadster Legal in Florida
• Positive Sentiment: Shareholders will vote on board continuity. Tesla asked investors to re-elect Musk, Chair Robyn Denholm and JB Straubel at the December annual meeting. The proposal maintains the current leadership structure, which may reassure supporters of Tesla’s AI, robotaxi and robotics strategy. Tesla Asks Shareholders to Re-elect Musk, Denholm and Straubel
• Neutral Sentiment: Q3 earnings are the immediate trading event. Tesla reports after Wednesday’s close. Estimates generally call for about $27.8 billion-$27.9 billion in revenue and roughly $0.43-$0.44 in adjusted EPS, below the prior-year EPS figure. Options markets imply a potentially large post-earnings move, making margin commentary, deliveries, FSD monetization and capital spending particularly important. How Much Tesla Stock Is Expected to Move After Earnings
• Negative Sentiment: Profitability and valuation remain major risks. Analysts expect earnings to decline, with gross-margin pressure and substantial spending on AI, chips, Optimus and robotaxis potentially limiting near-term profits. At a very elevated valuation, Tesla may need to materially exceed expectations to sustain the rebound. Tesla’s Biggest Earnings Risk May Be Its Bullish Sentiment
• Positive Sentiment: A federal appeals court decision reduced legal overhang. A Ninth Circuit ruling decertified a class action involving Tesla’s self-driving claims, a potentially favorable development for litigation risk, although it does not eliminate all legal or regulatory exposure. US Appeals Court Overturns Class Action Lawsuit Over Tesla Self-Driving Claims

About Tesla

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.