Roth Capital Reiterates Buy Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “buy” rating reissued by investment analysts at Roth Capital in a research note issued on Thursday,Benzinga reports. They presently have a $505.00 price target on the electric vehicle producer’s stock. Roth Capital’s price objective suggests a potential upside of 58.42% from the stock’s current price.

Several other research analysts have also weighed in on TSLA. Jefferies Financial Group set a $400.00 target price on Tesla and gave the stock a “hold” rating in a research report on Monday, July 13th. Piper Sandler reissued an “overweight” rating on shares of Tesla in a research note on Wednesday, June 10th. Tigress Financial initiated coverage on shares of Tesla in a research note on Monday, April 27th. They issued a “buy” rating for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $485.00 target price (down from $510.00) on shares of Tesla in a research report on Thursday. Finally, Wedbush restated an “outperform” rating and set a $600.00 price target on shares of Tesla in a report on Tuesday, April 21st. Twenty-one research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $406.42.

Tesla Stock Down 14.8%

Shares of NASDAQ:TSLA traded down $55.23 during trading on Thursday, reaching $318.77. 48,163,923 shares of the company traded hands, compared to its average volume of 56,349,996. The firm has a fifty day simple moving average of $405.39 and a 200 day simple moving average of $404.00. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla has a 1-year low of $297.82 and a 1-year high of $498.83. The firm has a market cap of $1.20 trillion, a P/E ratio of 292.88, a price-to-earnings-growth ratio of 12.72 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period last year, the company posted $0.33 earnings per share. The company’s revenue was up 25.5% compared to the same quarter last year. Analysts anticipate that Tesla will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% 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. 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 company’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 sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,015 shares of company stock valued at $12,383,640 in the last ninety days. Company insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp grew its stake in shares of Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after acquiring an additional 375,946 shares during the last quarter. Norges Bank bought a new position in Tesla during the fourth quarter worth $17,128,100,000. Finally, Amundi raised its stake in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported record Q2 deliveries and revenue of $28.24 billion, topping estimates and marking more than $100 billion in trailing 12-month revenue. Reuters article
• Positive Sentiment: Management highlighted continued momentum in robotaxi and FSD efforts, with the company expanding unsupervised robotaxi service into new Florida markets and emphasizing long-term autonomy upside. CNBC article
• Neutral Sentiment: Analysts remain split, with several firms keeping neutral/hold views even as some bullish analysts argue the stock could benefit if autonomy and Optimus milestones become more concrete. TipRanks article
• Negative Sentiment: Q2 adjusted EPS of $0.33 missed expectations, margins compressed, and free cash flow turned negative for the first time in more than two years, raising concerns about profitability and cash generation. Reuters article
• Negative Sentiment: Tesla confirmed a roughly $25 billion full-year capex plan, with heavy spending on AI infrastructure, robotaxis, batteries, and manufacturing weighing on near-term earnings and sparking price-target cuts from multiple Wall Street firms. TipRanks article
• Negative Sentiment: Several reports say investors are worried Tesla is leaning on discounts to drive sales while betting the business on future robotaxi and Optimus returns, which is pressuring sentiment today. Investopedia article

Tesla Company Profile

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.