Tesla’s (TSLA) “Sell” Rating Reiterated at Glj Research

Glj Research restated their sell rating on shares of Tesla (NASDAQ:TSLA) in a report released on Thursday morning,Benzinga reports.

A number of other research firms also recently issued reports on TSLA. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Monday, September 21st. HSBC reiterated a “reduce” rating and issued a $157.00 target price on shares of Tesla in a report on Monday, October 5th. Wells Fargo & Company reissued a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. Stifel Nicolaus set a $491.00 price target on shares of Tesla and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group upgraded shares of Tesla from a “neutral” rating to a “buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $412.33.

Tesla Stock Down 2.1%

Shares of NASDAQ:TSLA opened at $354.72 on Thursday. The stock has a market cap of $1.40 trillion, a price-to-earnings ratio of 328.45, a PEG ratio of 23.03 and a beta of 1.92. The company has a quick ratio of 1.55, a current ratio of 1.94 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 business’s 50 day moving average is $359.98 and its 200 day moving average is $376.90.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (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 company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. On average, sell-side analysts forecast that Tesla will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction 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 approximately $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Tesla

Several large investors have recently made changes to their positions in TSLA. Security National Bank of Sioux City Iowa IA bought a new stake in Tesla in the 2nd quarter valued at about $25,000. Friedenthal Financial boosted its stake in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares during the period. Harborfront Financial Group LLC acquired a new position in Tesla during the 2nd quarter valued at about $34,000. Montgomery Financial Services LLC bought a new position in Tesla in the 2nd quarter worth about $40,000. Finally, Lam Group Inc. bought a new position in Tesla in the 1st quarter worth about $37,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla unveiled its redesigned Roadster with SpaceX-developed compressed-air thrusters that allowed the prototype to briefly hover and perform aerial maneuvers. The demonstration reinforced Tesla’s technology and branding appeal, although the vehicle is positioned as a high-priced, low-volume halo product. Tesla Unveils Flying Roadster
• Positive Sentiment: A U.S. appeals court blocked class-action lawsuits related to Tesla’s self-driving claims, potentially reducing near-term legal exposure. Separately, Slovakia approved Tesla’s self-driving technology, providing a regulatory foothold for its autonomy ambitions. Appeals Court Blocks Self-Driving Class Actions
• Neutral Sentiment: Speculation about a Tesla-SpaceX combination intensified after the Roadster’s SpaceX technology showcase. Prediction-market odds for a merger before March 2027 rose above 50%, but there is no announced transaction, making the potential catalyst highly speculative. Tesla-SpaceX Merger Odds Rise
• Negative Sentiment: The Roadster’s production is not expected until 2028, and key details such as final pricing, certification, and commercial practicality remain unclear. Analysts argued that the spectacle is unlikely to materially improve near-term revenue or earnings, particularly for a company valued at roughly $1.4 trillion. Roadster Hype Cannot Mask Margin and Cash Flow Concerns
• Negative Sentiment: Tesla Energy and Charging chief Mike Snyder reportedly left the company as CEO Elon Musk emphasizes AI, robotics, and autonomy. The leadership change raises questions about Tesla’s commitment to its energy business. Investors are also bracing for third-quarter earnings on October 21 amid expectations for pressure on margins, free cash flow, and earnings estimates. Tesla Energy Chief Reportedly Leaves

Tesla Company Profile

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.