Needham & Company LLC Reiterates Hold Rating for Tesla (NASDAQ:TSLA)

Tesla (NASDAQ:TSLA)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a research note issued on Thursday, Marketbeat Ratings reports.

A number of other equities research analysts have also recently weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Thursday. Morgan Stanley assumed coverage on shares of Tesla in a report on Monday. They issued a “hold” rating on the stock. Truist Financial upped their price target on shares of Tesla from $400.00 to $430.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Sanford C. Bernstein upgraded shares of Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. Finally, Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research report on Tuesday, April 21st. Twenty-one research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $404.95.

Tesla Stock Performance

Shares of TSLA stock opened at $313.03 on Thursday. The stock’s 50-day moving average is $400.74 and its two-hundred day moving average is $402.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 1.94. Tesla has a 1 year low of $297.82 and a 1 year high of $498.83. The firm has a market cap of $1.18 trillion, a price-to-earnings ratio of 289.85, a PEG ratio of 10.73 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. Analysts predict that Tesla will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’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 transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tesla

A number of institutional investors have recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new position in Tesla in the third quarter worth $30,000. Prism Advisors Inc. acquired a new stake in Tesla in the fourth quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in Tesla in the third quarter valued at $31,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Record quarterly revenue and deliveries show Tesla is still growing its top line. Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off?
• Positive Sentiment: Some investors remain bullish on the long term, with ARK/Cathie Wood buying the dip after the post-earnings slump. Cathie Wood’s Ark Bought the Dip in Tesla Stock
• Neutral Sentiment: Tesla continued to promote robotaxi and Optimus progress, but the market appears to want tangible revenue and execution milestones before rewarding those ambitions. Musk’s bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
• Negative Sentiment: Q2 earnings missed expectations, and Tesla reported negative free cash flow as spending surged. Tesla’s once-bullish tone on robotaxis shifts
• Negative Sentiment: Management’s large 2026 capex plan and AI spending push are spooking investors over margins and cash burn. Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’
• Negative Sentiment: Analysts have been lowering price targets following the report, reflecting near-term profitability concerns. Tesla Stock Plunges as Analysts Slash Price Targets after Q2 Earnings Miss

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.