In a report released today, Elizabelle Pang from DBS maintained a Hold rating on Tesla (TSLA – Research Report), with a price target of $400.00.
Elizabelle Pang’s rating is based on a combination of factors impacting Tesla’s financial performance and market position. The company reported a miss in its fourth-quarter 2024 earnings, with non-GAAP EPS falling short of expectations due to weaker automotive margins. This was primarily attributed to extended financing discounts and lower average selling prices.
Looking forward, there are concerns about Tesla’s near-term margins due to product changeovers and potential impacts from tariffs and changes in U.S. EV policies. Despite these challenges, Tesla remains a leading player in the EV market with strong economic moats, including its significant market share and advancements in autonomous driving technology. Positive catalysts such as potential wins in the full self-driving sector in China and Europe, and the launch of next-generation vehicles, provide a balanced outlook, justifying the Hold rating.
In another report released on February 27, Barclays also maintained a Hold rating on the stock with a $325.00 price target.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.