Wedbush analyst Daniel Ives maintained a Hold rating on Tesla (NASDAQ:TSLA) on Monday, setting a price target of $1000, which is approximately 4.19% above the present share price of $959.74.
Ives expects Tesla to post earnings per share (EPS) of $0.09 for the second quarter of 2020.
The current consensus among 26 TipRanks analysts is for a Hold rating of shares in Tesla, with an average price target of $727.65.
The analysts price targets range from a high of $1250 to a low of $275.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $5.99 billion and a net profit of $283 million. The company's market cap is $187.21 billion.
According to TipRanks.com, Wedbush analyst Daniel Ives is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.4% and a 60.61% success rate.
Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.