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Tesla has an analyst consensus of Hold, with a price target consensus of $611.60, implying a -8.8% downside from current levels. In a report issued on June 28, UBS also maintained a Hold rating on the stock with a $660.00 price target.
Based on Tesla’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.39 billion and net profit of $438 million. In comparison, last year the company earned revenue of $5.99 billion and had a net profit of $16 million.
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Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.