JPMorgan Chase & Co. Cuts Tesla (NASDAQ:TSLA) Price Target to $415.00

Tesla (NASDAQ:TSLA) had its price target decreased by JPMorgan Chase & Co. from $445.00 to $415.00 in a research note issued to investors on Monday, MarketBeat reports. JPMorgan Chase & Co. currently has a neutral rating on the electric vehicle producer’s stock.

TSLA has been the topic of several other research reports. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the stock a “hold” rating in a research note on Monday, July 13th. Roth Capital reissued a “buy” rating and issued a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. William Blair restated a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Citigroup reaffirmed a “market perform” rating on shares of Tesla in a research report on Wednesday, September 16th. Finally, DZ Bank upgraded 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-one have given a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $410.98.

Tesla Price Performance

Shares of TSLA stock opened at $354.81 on Monday. The business’s fifty day moving average is $346.57 and its 200 day moving average is $377.82. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.40 trillion, a price-to-earnings ratio of 328.53, a PEG ratio of 18.58 and a beta of 1.84. Tesla has a twelve month low of $297.38 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Research analysts expect that Tesla will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other 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 transaction of $938,498.78. Following the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Several large investors have recently bought and sold shares of the business. Bamco Inc. NY raised its holdings in shares of Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock worth $5,267,911,000 after acquiring an additional 591,243 shares during the period. One Plus One Wealth Management LLC purchased a new stake in shares of Tesla in the second quarter valued at about $1,009,000. Bessemer Group Inc. increased its position in Tesla by 23.6% during the first quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock worth $20,908,000 after purchasing an additional 10,747 shares during the last quarter. TIAA Trust National Association raised its stake in Tesla by 30.9% during the fourth quarter. TIAA Trust National Association now owns 117,812 shares of the electric vehicle producer’s stock worth $52,982,000 after purchasing an additional 27,806 shares during the period. Finally, H&H International Investment LLC purchased a new position in Tesla during the first quarter worth about $1,267,259,000. 66.20% of the stock is currently owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its Austin Cybercab fleet to 125 vehicles, potentially improving robotaxi availability and supporting the company’s autonomous-mobility growth strategy. Tesla Expands Cybercab Fleet to Strengthen Robotaxi Operations
• Positive Sentiment: The Tesla Semi has reportedly entered volume production, while a major fleet agreement could reduce one of the key obstacles to heavy-truck adoption. Higher diesel prices may further improve the Semi’s operating-cost case. Tesla Wins Major Semi Order
• Positive Sentiment: Tesla secured approval to roll out supervised Full Self-Driving software in Croatia, adding to its European expansion. ARK Invest also purchased approximately $17.3 million of Tesla shares, signaling continued support from a prominent growth investor. Tesla receives approval to roll out self-driving software in Croatia
• Neutral Sentiment: Tesla arranged $30 billion in new senior unsecured credit facilities, including a $20 billion delayed-draw term loan and revolving lines. The company says it does not currently plan to draw on them this year, but the financing provides liquidity for AI, robotics, Cybercab and manufacturing investment while highlighting potentially heavy future capital needs. Tesla lines up $30 billion credit lines
• Neutral Sentiment: The SEC approved Tesla’s proposed auto-voting system for retail proxy shares. The change could make board-backed recommendations easier to pass and has fueled speculation about a possible Tesla-SpaceX transaction, although no merger has been announced. SEC clears Tesla-crafted auto-vote plan
• Negative Sentiment: Analysts reportedly expect third-quarter deliveries to decline about 7% year over year, making Friday’s release a major near-term catalyst. The Roadster unveiling was also postponed to October 15, reinforcing concerns about Tesla’s history of product delays. Wall Street expects a 7% drop in Tesla Q3 deliveries
• Negative Sentiment: Investors remain concerned about regulatory scrutiny of Cybercab and FSD, possible charging constraints for the Semi, rising capital expenditures and Tesla’s valuation—reported at more than 300 times earnings. These risks leave little room for disappointing execution or weaker deliveries.

Tesla Company Profile

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.