Tesla (NASDAQ:TSLA) Stock Price Up 1.1% After Analyst Upgrade

Tesla, Inc. (NASDAQ:TSLA) shot up 1.1% on Monday after Jefferies Financial Group raised their price target on the stock from $350.00 to $375.00. Jefferies Financial Group currently has a hold rating on the stock. Tesla traded as high as $414.75 and last traded at $405.05. 47,547,413 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 59,477,828 shares. The stock had previously closed at $400.49.

Several other equities analysts also recently issued reports on TSLA. Truist Financial reduced their price target on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a research note on Monday, April 27th. HSBC restated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Finally, BNP Paribas Exane lowered shares of Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $405.06.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is currently owned by corporate insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s “Megapod” trademark filing fueled speculation that the company is moving deeper into AI infrastructure, a potential new growth vector that could support a higher valuation. Tesla Shares Surge After Megapod Trademark Filing
• Positive Sentiment: Multiple reports said investors are focusing on Tesla’s longer-term AI ambitions and possible improvement in its EV business, which is helping TSLA outperform a weaker market. Why Tesla stock is beating the broader market today
• Neutral Sentiment: Jefferies reiterated a hold/neutral view and raised its price target, signaling some caution even as it acknowledges Tesla’s scale and growth prospects. Jefferies adjusts price target on Tesla to 375 from 350, maintains hold rating
• Neutral Sentiment: News that Elon Musk boosted his Tesla voting power and renewed merger speculation around SpaceX adds strategic interest, but the impact on TSLA remains uncertain. Elon Musk Nears 20% Voting Power In Tesla After Exercising Stock Options
• Negative Sentiment: Tesla is facing fresh safety and reputational pressure after a fatal Texas crash involving Autopilot/driver-assistance features drew federal scrutiny. Fatal Tesla Crash Into Texas Home Now Under Federal Safety Investigation
• Negative Sentiment: Competing commentary from Waymo advocates and skeptics of Tesla’s self-driving progress underscores ongoing concerns that rivals may be ahead in autonomous driving. Alphabet-Owned Waymo Crushes Tesla in Autonomous Car Race
• Negative Sentiment: Tata Electronics confirmed a cybersecurity incident, and because it supplies Tesla, the breach raises a small supply-chain risk for the company. India’s Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secrets

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after acquiring an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC grew its stake in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after purchasing an additional 1,011 shares during the period. Finally, AGP Franklin LLC lifted its position in shares of Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after purchasing an additional 851 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 371.61, a PEG ratio of 16.01 and a beta of 1.80. The firm’s fifty day moving average is $403.33 and its 200 day moving average is $415.15.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

About Tesla

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.