Glj Research Reaffirms “Sell” Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “sell” rating restated by stock analysts at Glj Research in a research note issued on Thursday, Benzinga reports. They presently have a $24.86 price target on the electric vehicle producer’s stock. Glj Research’s price objective indicates a potential downside of 93.57% from the company’s previous close.

TSLA has been the topic of a number of other research reports. Roth Capital restated a “buy” rating and set a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Barclays raised Tesla from a “negative” rating to an “outperform” rating in a report on Monday. HSBC restated a “reduce” rating and set a $157.00 target price on shares of Tesla in a research report on Monday, October 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $400.00 target price (up from $350.00) on shares of Tesla in a report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $416.69.

Tesla Stock Performance

NASDAQ TSLA opened at $386.47 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a market capitalization of $1.53 trillion, a PE ratio of 357.85, a P/E/G ratio of 23.73 and a beta of 1.92. The company has a fifty day moving average of $362.72 and a two-hundred day moving average of $377.16.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, analysts expect that Tesla will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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

A number of large investors have recently bought and sold shares of the company. Peirce Capital Management LLC increased its stake in shares of Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after acquiring an additional 25 shares during the period. Retirement Planning Group LLC NY raised its holdings in Tesla by 3.8% during the first quarter. Retirement Planning Group LLC NY now owns 713 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 26 shares in the last quarter. Phillip James Consulting Co. raised its holdings in Tesla by 8.7% during the first quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock worth $121,000 after purchasing an additional 26 shares in the last quarter. Cadence Wealth Management LLC lifted its position in Tesla by 4.7% in the first quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock valued at $216,000 after purchasing an additional 26 shares during the period. Finally, Crumly & Associates Inc. boosted its holdings in Tesla by 0.6% in the 2nd quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer’s stock valued at $1,976,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported adjusted EPS of $0.48, above the $0.45 consensus estimate, while quarterly revenue was approximately $28.05 billion. The company also generated roughly $1.5 billion in positive free cash flow, a significant improvement over expectations for an outflow. Reuters Tesla third-quarter results
• Positive Sentiment: Management highlighted growing autonomy activity: FSD exceeded a 75% attach rate on new North American vehicles, Cybercab miles increased sharply in Austin, and Tesla says it plans to begin customer deliveries of the robotaxi by year-end. Reuters Cybercab plans
• Positive Sentiment: Bank of America reiterated a Buy rating and assigned a $460 price target, citing potential growth from FSD, robotaxis, Optimus and Megapack. Bank of America Tesla price target
• Neutral Sentiment: Elon Musk said Tesla and SpaceX are exploring a possible merger through independent committees. The deal could provide access to AI infrastructure and technology, but it remains uncertain and could create valuation, governance and dilution concerns for Tesla shareholders. Reuters Tesla-SpaceX merger talks
• Negative Sentiment: Tesla lowered its full-year capital-expenditure outlook to about $20 billion. Investors interpreted the pullback as potentially slowing the development of AI computing, autonomous driving and robotics—the businesses supporting much of Tesla’s valuation. Reuters Tesla spending pullback
• Negative Sentiment: Underlying results were less encouraging: vehicle deliveries declined year over year, revenue was essentially flat, energy revenue missed estimates, and operating income fell sharply as AI and research costs increased. Musk also said Optimus will require at least another year to reach full production scale, while unsupervised FSD for personal vehicles is targeted for 2027. Tesla earnings and delivery results

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.