Tesla (NASDAQ:TSLA) Now Covered by Analysts at Citizens Jmp

Investment analysts at Citizens Jmp started coverage on shares of Tesla (NASDAQ:TSLA) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “market perform” rating on the electric vehicle producer’s stock.

Other equities analysts have also recently issued reports about the stock. China Renaissance cut their target price on shares of Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research note on Tuesday, June 30th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. HSBC reaffirmed a “hold” rating on shares of Tesla in a report on Monday, June 15th. Finally, Mizuho decreased their target price on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $408.52.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $3.86 during trading hours on Thursday, reaching $397.92. The stock had a trading volume of 3,372,447 shares, compared to its average volume of 57,934,113. The firm has a 50-day moving average of $409.15 and a 200-day moving average of $409.76. The firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 362.67, a PEG ratio of 14.81 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla has a fifty-two week low of $297.82 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts predict that Tesla will post 1.29 earnings per share for the current year.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 32,015 shares of company stock worth $12,383,640. Insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Tesla in the fourth quarter valued at $17,128,100,000. Corient Private Wealth LLC grew its stake in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares during the period. Bank of America Corp DE increased its holdings in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares in the last quarter. Cardano Risk Management B.V. lifted its stake in shares of Tesla by 882.8% in the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the period. 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’s Q2 deliveries came in well above expectations, and some analysts say the stronger-than-expected production and delivery trend improves the near-term investment case. Some Good and Bad News for Tesla Investors
• Positive Sentiment: The company also got a boost from bullish thesis pieces tied to Elon Musk’s broader ecosystem, including SpaceX-related speculation and optimism around Tesla’s AI and robotics ambitions. Tesla stock gets new SpaceX boost in Wall Street bull case
• Positive Sentiment: TSLA also benefited from reports that Model Y regained the title of China’s best-selling vehicle in June, reinforcing demand strength in a key market. Tesla Model Y Reclaims China’s Best-Selling Vehicle Title in June
• Positive Sentiment: Tesla’s energy business is gaining attention after reports of more than $9 billion in Megapack orders and a bigger home-energy push, highlighting a potential growth driver beyond auto sales. Tesla (TSLA) Lands $9 Billion In Megapack Orders And Expands Home Energy Push
• Neutral Sentiment: Coverage notes continue to frame Tesla as a long-term AI and robotaxi story, but also say investors are waiting for execution milestones before paying up further. Some Good and Bad News for Tesla Investors
• Neutral Sentiment: New product and feature updates, including the Model Y L launch and voice-command/FSD improvements, add to the growth narrative but are not yet clear stock-moving fundamentals on their own. Tesla FSD Could Get Smarter Neighborhood Navigation After Ashok Elluswamy Responds ‘Working On It’ to Voice Command Request
• Negative Sentiment: Several analyst notes remain cautious, including a Zacks cut to Q3 earnings estimates and a Hold rating from Citizens, underscoring ongoing concerns about Tesla’s stretched valuation. Tesla Stock Has ‘Immense’ AI Potential. Why You Shouldn’t Buy It.
• Negative Sentiment: Valuation worries are still a headwind, with critics arguing Tesla’s AI/FSD story has not fully justified the stock’s premium and that institutional buyers remain selective. Gary Black Says Tesla’s Valuation Is So ‘Stretched’
• Negative Sentiment: Robotaxi expansion is also facing regulatory and legal scrutiny, which could slow the market’s willingness to re-rate the stock. Tesla Stock (NASDAQ:TSLA) Slips as New Jersey Law May Ban Robotaxi

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.