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

UBS Group reissued their sell rating on shares of Tesla (NASDAQ:TSLA) in a research report report published on Friday, www.boersen-zeitung.de reports. They currently have a $230.00 price target on the electric vehicle producer’s stock.

TSLA has been the subject of a number of other reports. Citigroup downgraded Tesla from a neutral rating to a sell rating and lowered their price objective for the stock from $356.00 to $225.00 in a research report on Friday, September 28th. Goldman Sachs Group set a $210.00 price objective on Tesla and gave the stock a sell rating in a research report on Wednesday, October 3rd. Sanford C. Bernstein set a $325.00 price objective on Tesla and gave the stock a neutral rating in a research report on Friday, September 28th. ValuEngine raised Tesla from a hold rating to a buy rating in a research report on Friday, October 26th. Finally, Jefferies Financial Group raised Tesla from a hold rating to a buy rating and boosted their price objective for the stock from $360.00 to $450.00 in a research report on Friday, December 7th. Twelve investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $324.77.

NASDAQ TSLA opened at $302.26 on Friday. Tesla has a 1-year low of $244.59 and a 1-year high of $387.46. The stock has a market capitalization of $51.91 billion, a price-to-earnings ratio of -26.33, a PEG ratio of 4.63 and a beta of 0.57. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.81 and a quick ratio of 0.47.



Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 24th. The electric vehicle producer reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of ($1.77) by $4.67. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.67 billion. On average, sell-side analysts forecast that Tesla will post -5.21 earnings per share for the current fiscal year.

In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction that occurred on Saturday, December 28th. The stock was sold at an average price of $325.64, for a total value of $4,884,600.00. Following the completion of the sale, the insider now owns 311,398 shares in the company, valued at $101,403,644.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Elon Musk acquired 29,844 shares of Tesla stock in a transaction on Monday, October 29th. The stock was purchased at an average price of $334.98 per share, with a total value of $9,997,143.12. The disclosure for this purchase can be found here. Insiders sold 81,370 shares of company stock valued at $27,278,938 over the last ninety days. 22.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Alpha Windward LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $26,000. Gradient Investments LLC lifted its stake in Tesla by 1,660.0% in the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. G&S Capital LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $62,000. First Hawaiian Bank lifted its stake in Tesla by 205.0% in the fourth quarter. First Hawaiian Bank now owns 305 shares of the electric vehicle producer’s stock valued at $102,000 after buying an additional 205 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its stake in Tesla by 65.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 363 shares of the electric vehicle producer’s stock valued at $121,000 after buying an additional 144 shares during the last quarter. Institutional investors own 59.28% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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