Tesla (NASDAQ:TSLA) was downgraded by investment analysts at Cfra to a “sell” rating in a research note issued to investors on Friday, TipRanks reports. They presently have a $135.00 target price on the electric vehicle producer’s stock. Cfra’s target price would suggest a potential downside of 40.49% from the company’s current price.

A number of other equities analysts have also recently commented on TSLA. Wolfe Research cut shares of Tesla from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $375.00 to $265.00 in a research note on Thursday, May 2nd. CIBC lifted their price target on shares of Loblaw Companies from C$76.00 to C$77.00 in a research note on Thursday. Nord/LB set a €68.00 ($79.07) price objective on shares of Basf and gave the company a “neutral” rating in a research report on Thursday. Barclays reissued an “underweight” rating and issued a $150.00 price objective on shares of Tesla in a research report on Thursday. Finally, Goldman Sachs Group set a €76.30 ($88.72) price objective on shares of Stroeer SE & Co KGaA and gave the company a “buy” rating in a research report on Thursday. Eighteen equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $269.53.

TSLA stock opened at $226.86 on Friday. Tesla has a 12 month low of $176.99 and a 12 month high of $387.46. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83. The business’s 50-day moving average price is $230.77. The stock has a market cap of $39.62 billion, a PE ratio of -39.66 and a beta of 0.62.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) EPS for the quarter, missing analysts’ consensus estimates of ($1.55) by ($0.76). Tesla had a negative return on equity of 11.97% and a negative net margin of 2.64%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the firm posted ($3.06) earnings per share. Tesla’s revenue for the quarter was up 58.7% on a year-over-year basis. On average, equities research analysts predict that Tesla will post -4.61 earnings per share for the current fiscal year.

In other news, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $255.68, for a total value of $38,352.00. Following the completion of the sale, the chief financial officer now owns 9,962 shares in the company, valued at approximately $2,547,084.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Elon Musk purchased 102,880 shares of Tesla stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $243.00 per share, with a total value of $24,999,840.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 102,456 shares of company stock valued at $21,130,430. Company insiders own 24.40% of the company’s stock.

Several large investors have recently bought and sold shares of TSLA. Regentatlantic Capital LLC raised its stake in shares of Tesla by 4.7% during the 2nd quarter. Regentatlantic Capital LLC now owns 994 shares of the electric vehicle producer’s stock worth $222,000 after acquiring an additional 45 shares in the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of Tesla by 5.5% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 958 shares of the electric vehicle producer’s stock worth $268,000 after acquiring an additional 50 shares in the last quarter. Prio Wealth Limited Partnership raised its stake in shares of Tesla by 6.0% during the 1st quarter. Prio Wealth Limited Partnership now owns 880 shares of the electric vehicle producer’s stock worth $246,000 after acquiring an additional 50 shares in the last quarter. Clarus Wealth Advisors raised its stake in shares of Tesla by 83.3% during the 2nd quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Finally, Truewealth LLC raised its stake in shares of Tesla by 15.4% during the 2nd quarter. Truewealth LLC now owns 390 shares of the electric vehicle producer’s stock worth $87,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 55.94% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, 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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