Tesla (NASDAQ:TSLA) Stock Keeps Sell Rating at Glj Research

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

Other research analysts also recently issued reports about the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $485.00 price objective on shares of Tesla in a research note on Monday. Citizens Jmp started coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating for the company. Citigroup reissued a “neutral” rating on shares of Tesla in a research note on Wednesday. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Monday, September 21st. Finally, DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $416.69.

Tesla Trading Up 3.4%

Shares of TSLA stock 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. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 357.85, a PEG ratio of 23.73 and a beta of 1.92. The stock has a 50 day simple moving average of $362.72 and a 200-day simple moving average of $377.16. Tesla has a 1-year low of $297.38 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. On average, equities research analysts expect that Tesla will post 0.71 EPS for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’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 completion of the sale, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This represents a 9.12% decrease in their position. The sale was disclosed in a filing 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 insiders.

Institutional Trading of Tesla

Large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after buying an additional 2,761,298 shares in the last quarter. Legal & General Group Plc purchased a new stake in Tesla in the 2nd quarter valued at $8,535,612,000. Amundi grew its holdings in Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Tesla in the 2nd quarter valued at $6,083,630,000. Finally, Bamco Inc. NY grew its holdings in Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after buying an additional 591,243 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Tesla

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.