Tesla (NASDAQ:TSLA) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Tesla (NASDAQ:TSLA) had its target price hoisted by Royal Bank Of Canada from $475.00 to $500.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the electric vehicle producer’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 19.11% from the stock’s current price.

TSLA has been the subject of several other research reports. UBS Group reissued a “neutral” rating on shares of Tesla in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tesla in a report on Wednesday, June 24th. President Capital increased their price target on Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a research report on Thursday. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $404.64.

Tesla Price Performance

TSLA opened at $419.77 on Tuesday. The company’s 50 day simple moving average is $407.39 and its 200 day simple moving average is $411.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. Tesla has a 1 year low of $288.77 and a 1 year high of $498.83. The stock has a market capitalization of $1.58 trillion, a PE ratio of 385.11, a P/E/G ratio of 15.61 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, sell-side analysts expect that Tesla will post 1.2 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,015 shares of company stock worth $12,383,640 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tesla

Several institutional investors have recently bought and sold shares of the stock. Networth Advisors LLC bought a new stake in Tesla during the fourth quarter worth approximately $26,000. Davidson Capital Management Inc. boosted its stake in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of Tesla during the 3rd quarter valued at $30,000. Prism Advisors Inc. acquired a new position in shares of Tesla during the 4th quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX bought a new stake in shares of Tesla in the 3rd quarter worth $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its Robotaxi service to Miami, adding a new U.S. market outside Texas and California and reinforcing the view that its autonomous ride-hailing business is moving forward. Tesla (TSLA) Shares Skyrocket, What You Need To Know
• Positive Sentiment: Q2 deliveries came in stronger than expected, which helped shift sentiment back toward Tesla’s core auto business after a rough stretch for the stock. Tesla’s blowout quarter comes with a warning sign
• Positive Sentiment: Morgan Stanley sees Tesla building a 30,000-vehicle robotaxi fleet by 2030 and expects further city launches, including Phoenix, Orlando, Tampa, and Las Vegas by year-end, supporting the long-term growth narrative. TSLA Stock Cools Overnight After Miami Robotaxi Rally — But Morgan Stanley Sees 30,000-Vehicle Fleet By 2030
• Neutral Sentiment: Some commentary suggests Tesla’s AI and robotaxi ambitions are exciting, but the rollout is still slow and investors are waiting for evidence that it will materially boost revenue and profits.
• Negative Sentiment: Bearish takes from Michael Burry and valuation-focused analysts kept pressure on the stock by arguing Tesla’s premium price still looks hard to justify. Michael Burry Rejects Claims He Was Wrong on Nvidia, Tesla and Housing Bets

Tesla Company Profile

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.