Fintel reports that on June 25, 2024, Stifel initiated coverage of Tesla (NasdaqGS:TSLA) with a Buy recommendation.
Analyst Price Forecast Suggests 0.68% Downside
As of June 12, 2024, the average one-year price target for Tesla is 186.16. The forecasts range from a low of 23.09 to a high of $336.00. The average price target represents a decrease of 0.68% from its latest reported closing price of 187.44.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tesla is 152,227MM, an increase of 60.67%. The projected annual non-GAAP EPS is 7.07.
What is the Fund Sentiment?
There are 4,202 funds or institutions reporting positions in Tesla. This is an decrease of 230 owner(s) or 5.19% in the last quarter. Average portfolio weight of all funds dedicated to TSLA is 0.81%, an increase of 26.05%. Total shares owned by institutions decreased in the last three months by 2.22% to 1,517,918K shares. 
The put/call ratio of TSLA is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 85,113K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 84,813K shares , representing an increase of 0.35%. The firm decreased its portfolio allocation in TSLA by 35.27% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 69,825K shares representing 2.19% ownership of the company. In its prior filing, the firm reported owning 67,560K shares , representing an increase of 3.24%. The firm decreased its portfolio allocation in TSLA by 35.53% over the last quarter.
Geode Capital Management holds 56,909K shares representing 1.78% ownership of the company. In its prior filing, the firm reported owning 55,256K shares , representing an increase of 2.90%. The firm decreased its portfolio allocation in TSLA by 35.58% over the last quarter.
Capital World Investors holds 39,096K shares representing 1.23% ownership of the company. In its prior filing, the firm reported owning 41,035K shares , representing a decrease of 4.96%. The firm decreased its portfolio allocation in TSLA by 37.28% over the last quarter.
Invesco Qqq Trust, Series 1 holds 34,985K shares representing 1.10% ownership of the company. In its prior filing, the firm reported owning 34,073K shares , representing an increase of 2.61%. The firm decreased its portfolio allocation in TSLA by 35.54% over the last quarter.
Tesla Background Information
(This description is provided by the company.)
Tesla’s mission is to accelerate the world’s transition to sustainable energy. Since its founding in 2003, Tesla has broken new barriers in developing high-performance automobiles that are not only the world’s best and highest-selling pure electric vehicles—with long range and absolutely no tailpipe emissions—but also the safest, highest-rated cars on the road in the world. Beyond the flagship Model S sedan and the falcon-winged door Model X sports utility vehicle, Tesla also offers a smaller, simpler and more affordable mid-sized sedan, Model 3, which it is expected will truly propel electric vehicles into the mainstream. In addition, with the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world’s only fully integrated sustainable energy company, Tesla is at the vanguard of the world’s inevitable shift towards a sustainable energy platform.
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