BofA warns Fed risks policy mistake with early rate cuts
James Murdoch, a director at Tesla, Inc. (NASDAQ:TSLA), recently sold a significant portion of his holdings in the electric vehicle manufacturer. According to a recent filing, Murdoch sold 54,776 shares of Tesla stock on March 10, 2025, at an average price of $240.788 per share, totaling approximately $13.2 million. The transaction comes as Tesla’s stock, currently trading at $248.09, has experienced significant volatility, with shares down nearly 39% year-to-date. InvestingPro analysis shows Tesla trading at a P/E ratio of 111x, reflecting the market’s high growth expectations for this $797 billion market cap company. This transaction was part of a broader series of stock movements by Murdoch, who also exercised options to acquire 531,787 shares of Tesla at prices between $23.85 and $24.73 per share, amounting to a total value of about $12.99 million. According to InvestingPro, which offers comprehensive analysis through its Pro Research Reports covering 1,400+ top stocks, Tesla maintains strong financial health with more cash than debt on its balance sheet. Following these transactions, Murdoch retains ownership of 477,011 shares directly and additional shares indirectly through trusts.
In other recent news, Tesla has captured significant attention following a high-profile endorsement from former U.S. President Donald Trump. This endorsement event, which included Trump purchasing a Tesla vehicle, has led to a notable increase in customer traffic at Tesla stores and a spike in online searches for the company. Analysts like Gary Black from The Future Fund LLC suggest this could result in substantial sales growth in the upcoming quarters. Meanwhile, Morgan Stanley (NYSE:MS) has maintained its Overweight rating for Tesla, setting a price target of $430, despite mixed investor sentiment regarding CEO Elon Musk’s political activities and their impact on the company’s fundamentals.
Wolfe Research has reiterated a Peerperform rating for Tesla, highlighting challenges in the company’s core automotive business, including demand issues and potential policy shifts. The firm, however, sees potential in Tesla’s advancements in AI and Full Self-Driving capabilities. On the other hand, Guggenheim Securities has lowered its price target for Tesla to $170, maintaining a Sell rating. This adjustment reflects concerns over first-quarter delivery forecasts and automotive gross margins, alongside early demand indicators for the refreshed Model Y.
Additionally, Bloomberg reports that Elon Musk’s private companies, including SpaceX and Neuralink, have seen a 45% valuation rise since the U.S. election, contrasting with Tesla’s recent trends. The majority of these gains are attributed to xAI, Musk’s AI lab. These developments collectively paint a complex picture of Tesla’s current landscape, with a mix of endorsements, analyst ratings, and competitive challenges shaping investor perspectives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.