Tesla’s (TSLA) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Thursday morning,Benzinga reports.

A number of other equities analysts have also recently commented on TSLA. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday. Piper Sandler reissued an “overweight” rating and set a $475.00 price target (up from $450.00) on shares of Tesla in a report on Thursday. Canaccord Genuity Group set a $410.00 price target on Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Yorkville Ives assumed coverage on Tesla in a research report on Wednesday, October 7th. They issued an “outperform” rating and a $500.00 price target for the company. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $408.61.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $372.22 on Thursday. Tesla has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 409.04, a price-to-earnings-growth ratio of 23.63 and a beta of 1.92. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $364.01 and a 200 day moving average of $377.22.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, research analysts anticipate that Tesla will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the 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 completion of the sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a filing 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 insiders.

Hedge Funds Weigh In On Tesla

Several hedge funds have recently modified their holdings of the stock. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Tesla during the 2nd quarter worth approximately $25,000. Friedenthal Financial grew its holdings in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Harborfront Financial Group LLC bought a new stake in Tesla in the second quarter worth $34,000. Montgomery Financial Services LLC bought a new stake in Tesla in the second quarter worth $40,000. Finally, Lam Group Inc. purchased a new stake in Tesla during the first quarter valued at $37,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla beat third-quarter adjusted earnings expectations, reporting $0.48 per share versus the $0.45 consensus estimate, and generated approximately $1.5 billion in positive free cash flow. Tesla Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Paid Full Self-Driving adoption exceeded 75% of North American deliveries, with subscriptions increasing 67% year over year. Investors view FSD, robotaxis, Optimus robots, and Megapack energy storage as potential long-term growth engines. Tesla’s FSD Subscriptions Surge
• Positive Sentiment: European sales reportedly strengthened, while Tesla is expanding its Cybercab robotaxi program beyond Austin and developing AI-based mapping from fleet data. These developments support the company’s autonomy narrative, although commercialization remains early. Tesla Europe Sales Surge
• Neutral Sentiment: Elon Musk called a SpaceX-Tesla merger a “good idea,” and both companies reportedly formed special committees to study a combination. Potential benefits include shared work in AI, chips, robotics, connectivity, and energy, but no transaction is certain. SpaceX-Tesla Merger Chatter
• Neutral Sentiment: Analysts remain divided: Morgan Stanley raised its target to $410 with an equal-weight rating, while RBC maintained an outperform rating and a $480 target. Bullish forecasts depend heavily on successful autonomy and robotics execution.
• Negative Sentiment: Revenue was essentially flat year over year at about $28 billion, automotive revenue fell 3%, energy-generation and storage revenue declined 16%, and GAAP operating income dropped 56%. Refunds and other factors also clouded the reported margin improvement. Tesla Automotive and Energy Revenue Results
• Negative Sentiment: Tesla reduced its 2026 capital-expenditure outlook from more than $25 billion to approximately $20 billion after third-quarter spending trailed expectations. Investors worry the pullback could delay AI, robotics, and robotaxi ambitions. Tesla Spending Pullback
• Negative Sentiment: Tesla will refund Cybertruck deposits in Australia and New Zealand, signaling reduced regional ambitions for the troubled vehicle. Regulatory scrutiny of the Cybercab and delays in unsupervised FSD add further execution risk.
• Negative Sentiment: The broader Nasdaq sell-off, renewed doubts about AI spending returns, higher oil prices, and geopolitical tensions have pressured high-valuation technology stocks, including TSLA.

Tesla Company Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.