<div id="readability-page-1"><p><span>Tesla (NASDAQ:TSLA - Get Free Report)</span>'s stock had its &#34;outperform&#34; rating reaffirmed by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $500.00 price target on the electric vehicle producer's stock. Royal Bank Of Canada's target price indicates a potential upside of 17.72% from the stock's previous close.</p><ul><li>Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?</li></ul><p>Several other research analysts have also recently commented on TSLA. Bank of America raised their target price on shares of Tesla from $305.00 to $341.00 and gave the stock a &#34;neutral&#34; rating in a report on Monday, July 21st. BNP Paribas Exane started coverage on shares of Tesla in a research report on Thursday, October 16th. They set an &#34;underperform&#34; rating and a $307.00 price target on the stock. Wedbush  reiterated an &#34;outperform&#34; rating and set a $600.00 price target on shares of Tesla in a research report on Monday. Robert W. Baird upgraded shares of Tesla from a &#34;neutral&#34; rating to an &#34;outperform&#34; rating and increased their price target for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. Finally, Piper Sandler raised their target price on shares of Tesla from $400.00 to $500.00 and gave the company an &#34;overweight&#34; rating in a research report on Monday, September 22nd. One analyst  has rated the stock with a Strong Buy rating, twenty-two have issued  a Buy rating, twelve have assigned  a Hold rating and ten have issued  a Sell rating to the company's stock. Based on data from MarketBeat, Tesla currently has an average rating of &#34;Hold&#34; and a consensus price target of $375.50.</p><p><b>Check Out Our Latest Research Report on Tesla</b></p><h2>Tesla Stock Performance</h2><ul><li>Happy Third Birthday to the Bull Market</li></ul><p>Shares of TSLA traded down $14.22 during mid-day trading on Thursday, hitting $424.75. 20,047,608 shares of the company's stock were exchanged, compared to its average volume of 101,271,883. Tesla has a 52 week low of $214.25 and a 52 week high of $488.54. The stock's 50-day simple moving average is $393.73 and its 200-day simple moving average is $336.97. The firm has a market cap of $1.41 trillion, a price-to-earnings ratio of 244.19, a price-to-earnings-growth ratio of 15.91 and a beta of 2.08. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. </p><p>Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same period last year, the firm earned $0.72 earnings per share. The business's revenue for the quarter was up 11.6% on a year-over-year basis.  On average, equities research analysts expect that  Tesla will post 2.56 EPS for the current year. </p><h2>Insider Activity at Tesla</h2><ul><li>Lithium Americas: Why This 31% Rally Is More Than Just a Headline</li></ul><p>In related news, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last quarter. Company insiders own  19.90% of the company's stock. </p><h2>Institutional Investors Weigh In On Tesla</h2><p>Several hedge funds and other institutional investors have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS increased its stake in  Tesla by 6.3% in the third quarter. KLP Kapitalforvaltning AS now owns 1,098,110 shares of the electric vehicle producer's stock valued at $488,351,000 after purchasing an additional 64,600 shares in the last quarter.  E Fund Management Hong Kong Co. Ltd. increased its stake in  Tesla by 766.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,839 shares of the electric vehicle producer's stock valued at $2,597,000 after purchasing an additional 5,165 shares in the last quarter.  New Century Financial Group LLC bought a new stake in  Tesla in the third quarter valued at $230,000.  Sather Financial Group Inc increased its stake in  Tesla by 4.4% in the third quarter. Sather Financial Group Inc now owns 1,764 shares of the electric vehicle producer's stock valued at $784,000 after purchasing an additional 75 shares in the last quarter.  Finally, Kelly Financial Group LLC bought a new stake in shares of  Tesla during the third quarter worth about $259,000. 66.20% of the stock is owned by institutional investors. </p><h2>Tesla Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Tesla</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>Best Way to Invest in Gold Right Now—What Smart Money Is Doing</li><li>With Risk Tolerance, One Size Does Not Fit All</li><li>Is Oracle’s AI Rally Over? Wall Street Thinks ORCL Could Hit $400</li><li>Insider Buying Explained: What Investors Need to Know</li><li>Breakout Momentum Plays You Need to Know About</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VFNMQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VFNMQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tesla Right Now?</h2><p>Before you consider Tesla, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.</p><p>While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Royal Bank Of Canada has reaffirmed an "outperform" rating for Tesla (TSLA) and set a price target of $500.00, indicating a potential upside of 17.72%. Other analysts have varied opinions, with Bank of America raising its target to $341.00 and Wedbush setting it at $600.00. Tesla's stock recently traded at $424.75, with a market cap of $1.41 trillion. The company reported $28.10 billion in revenue for the last quarter, exceeding expectations. Insider trading activity has seen significant share sales recently, with insiders owning 19.90% of the stock.</p>

- Tesla's stock received an "outperform" rating from Royal Bank of Canada, with a price target of $500.00, indicating a potential upside of 17.72%.  
- Various analysts have adjusted their price targets, with Bank of America raising theirs to $341.00 and Wedbush setting it at $600.00, while BNP Paribas Exane issued an "underperform" rating with a $307.00 target.  
- Tesla reported a quarterly revenue of $28.10 billion, exceeding expectations, and has a current average rating of "Hold" with a consensus price target of $375.50.

Tesla's (TSLA) Outperform Rating Reaffirmed at Royal Bank Of Canada