Tesla’s (TSLA) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reiterated their outperform rating on shares of Tesla (NASDAQ:TSLA) in a research note released on Monday morning, Benzinga reports. The brokerage currently has a $275.00 price objective on the electric vehicle producer’s stock. Wedbush also issued estimates for Tesla’s Q4 2024 earnings at $0.58 EPS, Q2 2025 earnings at $0.70 EPS and Q4 2025 earnings at $0.80 EPS.

Several other research firms have also recently weighed in on TSLA. Wells Fargo & Company dropped their price target on shares of Tesla from $125.00 to $120.00 and set an underweight rating for the company in a research note on Friday, April 12th. Royal Bank of Canada lowered their price objective on shares of Tesla from $294.00 to $293.00 and set an outperform rating for the company in a research report on Wednesday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Tesla from $190.00 to $175.00 and set a neutral rating for the company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $130.00 to $115.00 and set an underweight rating for the company in a research report on Wednesday, April 3rd. Finally, Robert W. Baird reaffirmed an outperform rating and set a $280.00 price objective on shares of Tesla in a research report on Wednesday, April 17th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $184.32.

Tesla Stock Performance

Tesla stock opened at $194.05 on Monday. The firm has a 50 day simple moving average of $174.92 and a 200-day simple moving average of $206.77. Tesla has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market cap of $618.86 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 4.45 and a beta of 2.40.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the sale, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $6,376,229.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The disclosure for this sale can be found here. Insiders have sold 209,098 shares of company stock worth $38,802,534 in the last ninety days. 20.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wyrmwood Management LLC purchased a new position in Tesla during the 4th quarter worth $25,000. Lam Group Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% in the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after acquiring an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla in the fourth quarter valued at about $37,000. Finally, Guardian Wealth Management Inc. purchased a new stake in shares of Tesla in the fourth quarter valued at about $47,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Company Profile

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.