Wedbush Reaffirms Outperform Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $600.00 price target on the electric vehicle producer’s stock. Wedbush’s price target points to a potential upside of 39.40% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI boosted their price objective on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. UBS Group boosted their target price on shares of Tesla from $307.00 to $352.00 and gave the company a “sell” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research note on Thursday. The Goldman Sachs Group reiterated a “neutral” rating and set a $405.00 price objective on shares of Tesla in a report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 target price on shares of Tesla in a research note on Thursday. Seventeen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $409.58.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $430.41 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.67 and a debt-to-equity ratio of 0.08. Tesla has a 12 month low of $214.25 and a 12 month high of $498.83. The company has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 398.53, a PEG ratio of 7.11 and a beta of 1.83. The firm’s 50-day moving average is $447.69 and its 200 day moving average is $407.49.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Research analysts predict that Tesla will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock worth $53,501,145 over the last 90 days. Company insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. State Street Corp raised its stake in Tesla by 0.3% in the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock valued at $50,592,614,000 after buying an additional 344,162 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares during the last quarter. Capital World Investors raised its position in shares of Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after purchasing an additional 2,403,019 shares during the last quarter. Finally, Norges Bank acquired a new stake in Tesla in the 2nd quarter worth approximately $11,839,824,000. 66.20% of the stock is currently owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX merger talk fuels optimism that Elon Musk could further consolidate his tech assets, a scenario investors view as value-accretive for Tesla (merger talk helped push TSLA higher). Tesla jumps as SpaceX merger talks fuel Musk empire consolidation hopes (Reuters)
• Positive Sentiment: Q4 beats and clear robotaxi/FSD progress: Tesla topped EPS and revenue estimates, disclosed 1.1M active FSD subs and reiterated Cybercab/robotaxi production targets — evidence that software and services can offset weaker vehicle volume. Could Tesla’s Q4 Earnings Fuel the Next Rally? (MarketBeat)
• Positive Sentiment: Investment in xAI and AI positioning: Tesla disclosed a multi‑billion involvement with Musk’s xAI and is pushing chip/TeraFab plans — reinforcing the market view of Tesla as a “physical AI” play rather than a pure auto OEM. Tesla reveals $2 billion investment in Elon Musk’s xAI (Fortune)
• Neutral Sentiment: Model S/X discontinuation and factory retooling — strategic for long‑term robotics capacity but implies short-term restructuring and transition risk; impact depends on execution and timing. Tesla Kills Legacy Models: Analyst Response Is Meh (MarketBeat)
• Neutral Sentiment: Mixed analyst reactions and target churn — some firms raised targets on the AI/robotics story while others trimmed them, leaving consensus sentiment split and volatility likely to persist.
• Negative Sentiment: Massive capex and cash‑burn risk: management guided to >$20B capex to reshuffle factories for robots, Cybercab and batteries — a heavy near‑term cash demand that could pressure margins and free cash flow. Tesla plans $20 billion capital spending spree (Reuters)
• Negative Sentiment: First annual revenue decline and softer vehicle deliveries raise near‑term execution concerns — investors worry Optimus/robotaxi revenue is far out and that margins could be pressured during the transition.
• Negative Sentiment: Notable bearish analyst moves (e.g., JPMorgan cut to underweight with a $145 target) increase downside headline risk and may cap rallies until clarity on capex pacing and robot/robotaxi ramps arrives.

About Tesla

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.