Canaccord Genuity Group Has Lowered Expectations for Tesla (NASDAQ:TSLA) Stock Price
- by americanbankingnews
- Apr 02, 2026
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Tesla Stock Up 2.6%
Shares of Tesla stock opened at $381.26 on Tuesday. The company has a market capitalization of $1.43 trillion, a P/E ratio of 353.02, a price-to-earnings-growth ratio of 11.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The business has a 50-day moving average of $404.61 and a two-hundred day moving average of $428.32. Tesla has a 1 year low of $214.25 and a 1 year high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $24.75 billion. During the same quarter in the previous year, the business posted $0.73 EPS. Tesla’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts predict that Tesla will post 2.56 EPS for the current year.
Insider Transactions at Tesla
In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of Tesla stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total value of $10,692,774.36. Following the sale, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,995 shares of company stock valued at $38,315,650 over the last 90 days. 19.90% of the stock is owned by corporate insiders.
Institutional Trading of Tesla
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Networth Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $26,000. Davidson Capital Management Inc. grew its stake in shares of Tesla by 79.4% in 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 in the last quarter. Manning & Napier Advisors LLC acquired a new position in Tesla during the third quarter worth $29,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla during the second quarter worth $30,000. Institutional investors own 66.20% of the company’s stock.
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