Tesla’s (TSLA) “Outperform” Rating Reiterated at Wedbush

24 Apr 2026, 02:44 by Doug Wharley · The Cerbat Gem

Wedbush reiterated their outperform rating on shares of Tesla (NASDAQ:TSLA – Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $600.00 price objective on the electric vehicle producer’s stock.

Several other research analysts have also recently issued reports on TSLA. Canaccord Genuity Group reissued a “buy” rating and set a $420.00 price target on shares of Tesla in a report on Monday, April 6th. China Renaissance increased their price target on shares of Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Bank of America assumed coverage on shares of Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. JPMorgan Chase & Co. reissued a “sell” rating on shares of Tesla in a report on Tuesday, April 7th. Finally, UBS Group raised shares of Tesla from a “sell” rating to a “neutral” rating and set a $352.00 price target for the company in a report on Tuesday, April 14th. Eighteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $399.41.

Read Our Latest Analysis on TSLA

Tesla Trading Down 3.6%

NASDAQ TSLA opened at $373.72 on Tuesday. The stock has a market capitalization of $1.40 trillion, a P/E ratio of 342.86, a P/E/G ratio of 12.25 and a beta of 1.91. Tesla has a 52-week low of $249.20 and a 52-week high of $498.83. The firm has a 50-day moving average price of $386.76 and a 200 day moving average price of $421.29. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.96%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Equities research analysts expect that Tesla will post 1.37 EPS for the current year.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares in the company, valued at $12,166,913.80. This represents a 43.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,804 shares of company stock worth $20,865,598 over the last quarter. Company insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Several large investors have recently modified their holdings of TSLA. Networth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at approximately $26,000. Davidson Capital Management Inc. lifted its stake in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares during the period. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 30 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Tesla during the third quarter valued at approximately $29,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Q1 beat and near-term cash strength: Tesla reported an EPS beat and a surprise positive free cash flow in Q1, showing operating resiliency even as vehicle demand softens. Tesla reports surprise positive free cash flow
Positive Sentiment: Strategic chip partnership for Terafab: Elon Musk said Tesla will use Intel’s 14A process for chips at its planned Terafab, giving Intel a major customer and supporting Tesla’s semiconductor plans. That could de‑risk part of Tesla’s AI hardware roadmap. Elon Musk lays out Terafab AI chip project plan
Positive Sentiment: Operational tails: Tesla is expanding production capacity (including a new hiring push in Germany) and growing software/services (FSD subscriptions). Those operational positives help justify long-term AI/robotics ambitions. Tesla to create 1,000 new jobs in Germany
Neutral Sentiment: Cybercab pilot production started, but ramp will be slow: Pilot production of the Cybercab is underway — a positive milestone — yet analysts caution meaningful sales and margin contribution will take time. Tesla’s Cybercab Pilot Production Is Underway
Neutral Sentiment: Mystery $2B AI acquisition disclosed — details limited: A one-sentence 10‑Q disclosure shows a roughly $2B AI hardware deal; lack of transparency creates uncertainty about what was bought and how it fits the plan. Tesla slips one-sentence disclosure of a mysterious $2 billion AI hardware acquisition
Neutral Sentiment: Mixed analyst moves: Some firms raised targets on the AI narrative while others trimmed expectations; reactions are fragmented, reflecting debate over valuation vs. execution risk. Canaccord raises price target
Negative Sentiment: Massive capex push alarms investors: Management guided to a >$25B capex plan for 2026 to fund AI, chips, Optimus and robotaxi scale — investors fear negative free cash flow the rest of the year and a heavier execution burden. Tesla’s $25 billion spending plan tests investor faith
Negative Sentiment: Robotaxi/Optimus timelines softened and hardware gaps admitted: Tesla removed prior city launch timelines and Musk sounded more cautious on robotaxi rollouts; he also acknowledged many vehicles need hardware upgrades to reach unsupervised FSD — implying extra costs and slower monetization. Musk sounds cautious on robotaxis Millions of Tesla owners need upgrades for true FSD
Negative Sentiment: Revenue/delivery headwinds and regional/regulatory delays: Q1 revenue missed some estimates and deliveries fell short of the most optimistic views; China FSD approval was pushed into Q3, adding near-term uncertainty. Tesla revenue misses estimates Tesla delays China FSD approval
Negative Sentiment: Broader market/geopolitical pressure: Rising geopolitical risk (Strait of Hormuz) and a risk-off tone in tech amplified selling pressure on high‑beta, high‑expectation names like TSLA. Markets dip as Strait of Hormuz conflict intensifies

Tesla Company Profile

(Get Free Report)

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.