Tesla’s (TSLA) Neutral Rating Reiterated at UBS Group

UBS Group reissued their neutral rating on shares of Tesla (NASDAQ:TSLA) in a research note issued to investors on Thursday, Marketbeat reports.

TSLA has been the topic of several other research reports. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a report on Thursday, July 23rd. Glj Research reissued a “sell” rating on shares of Tesla in a research note on Friday, September 4th. Morgan Stanley restated a “reduce” rating on shares of Tesla in a research report on Monday, September 14th. Barclays increased their target price on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $130.00 price target (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have given a Hold rating and five have issued 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 $411.89.

Tesla Trading Down 1.5%

NASDAQ:TSLA opened at $372.11 on Thursday. Tesla has a 52-week low of $297.38 and a 52-week high of $498.83. 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 fifty day simple moving average of $347.72 and a 200-day simple moving average of $378.92. The company has a market capitalization of $1.47 trillion, a PE ratio of 344.55, a price-to-earnings-growth ratio of 18.79 and a beta of 1.84.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the company posted $0.33 earnings per share. Tesla’s revenue was up 25.5% on a year-over-year basis. On average, equities research analysts expect that Tesla will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of Tesla by 2.4% in the second quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the period. Geode Capital Management LLC boosted its stake in Tesla by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock worth $29,426,070,000 after buying an additional 375,946 shares during the last quarter. Norges Bank purchased a new stake in Tesla in the 4th quarter valued at about $17,128,100,000. Corient Private Wealth LLC increased 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 valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Tesla during the 2nd quarter valued at about $8,535,612,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began delivering its long-delayed Semi electric truck to customers including PepsiCo, DHL and U.S. Foods. The company has started high-volume production at its Nevada factory and is targeting annual capacity of 50,000 trucks. The 500-mile range and elevated diesel prices could improve the economic case for fleet operators. Tesla begins delivering Semi trucks to customers after years of delays
• Positive Sentiment: Tesla reportedly secured a 2,500-truck electric Class 8 order, offering an important early demand signal for the Semi as the company expands beyond passenger vehicles. Tesla wins lead role in 2,500-truck electric Class 8 order
• Positive Sentiment: A new Roadster teaser ahead of the October 1 reveal and reopened reservations are supporting enthusiasm around Tesla’s product pipeline, although financial details remain limited. Tesla drops new Roadster teaser ahead of October 1 reveal
• Neutral Sentiment: Faraday chairman Jerry Wang said Optimus commercialization next year is realistic as software and training improve, but the claim is speculative and not a Tesla forecast. Tesla Optimus commercialization could be realistic next year
• Negative Sentiment: The European Union postponed a vote on Tesla’s supervised FSD system; the next apparent opportunity is not until December. The delay pushes back potential software revenue and broader regulatory adoption. EU vote on Tesla’s supervised self-driving system pushed back
• Negative Sentiment: Reports that Optimus production is constrained by robot-hand assembly and supplier bottlenecks undermine a major part of Tesla’s artificial-intelligence investment narrative. Tesla Optimus reportedly hits production snags
• Negative Sentiment: Belgian testing found FSD frequently exceeded speed limits and attempted prohibited cyclist passes, increasing regulatory, safety and reputational risks. Meanwhile, analysts continue to question whether Semi volumes and margins will justify Tesla’s premium valuation. Tesla supervised self-driving system often misreads speed limits

About Tesla

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.