Tesla (NASDAQ:TSLA - Get Free Report) had its target price hoisted by equities research analysts at Wedbush from $300.00 to $400.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the electric vehicle producer's stock. Wedbush's price target indicates a potential upside of 16.78% from the company's previous close.
TSLA has been the subject of a number of other research reports. Royal Bank of Canada lifted their price target on Tesla from $236.00 to $249.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Glj Research reissued a "sell" rating and issued a $24.86 price target on shares of Tesla in a report on Thursday, October 17th. Guggenheim lifted their price objective on shares of Tesla from $153.00 to $156.00 and gave the stock a "sell" rating in a report on Thursday, October 24th. Piper Sandler raised their price target on Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $225.06.
Check Out Our Latest Stock Report on Tesla
Shares of TSLA stock traded up $21.29 during trading hours on Monday, reaching $342.51. The stock had a trading volume of 52,453,523 shares, compared to its average volume of 94,696,266. The stock's fifty day simple moving average is $241.18 and its 200 day simple moving average is $215.77. The firm has a market capitalization of $1.10 trillion, a PE ratio of 94.61, a PEG ratio of 10.59 and a beta of 2.29. Tesla has a 12 month low of $138.80 and a 12 month high of $350.71. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.
Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts predict that Tesla will post 1.96 EPS for the current year.
In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,797 shares of company stock worth $19,211,821 over the last three months. Company insiders own 20.70% of the company's stock.
Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in shares of Tesla by 35,611.2% during the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock valued at $2,892,160,000 after purchasing an additional 11,023,436 shares during the last quarter. Clean Energy Transition LLP raised its stake in Tesla by 347.7% during the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock valued at $953,505,000 after buying an additional 6,764,300 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Tesla by 21,816.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock valued at $1,167,970,000 after buying an additional 5,875,484 shares during the period. Vanguard Group Inc. boosted its stake in shares of Tesla by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock worth $41,064,917,000 after buying an additional 3,795,748 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Tesla by 236.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock worth $416,341,000 after acquiring an additional 1,479,378 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
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