Tesla (NASDAQ:TSLA) Shares Down 2% – Here’s What Happened

Tesla, Inc. (NASDAQ:TSLA)’s share price traded down 2% during trading on Wednesday . The stock traded as low as $393.76 and last traded at $396.38. Approximately 42,963,455 shares were traded during trading, a decline of 28% from the average daily volume of 59,586,641 shares. The stock had previously closed at $404.66.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla received approval for its supervised Full Self-Driving (FSD) technology in Denmark, opening another European market for rollout and reinforcing the long-term growth case for autonomy. Tesla (TSLA) Gets Approval for its Full Self-Driving (FSD) Technology in Denmark
• Positive Sentiment: Cathie Wood’s ARK Invest bought roughly $22 million of Tesla shares, adding to a wave of bullish investor interest around Elon Musk’s companies. Cathie Wood Buys $22M of Tesla, $52M of Snowflake, Continues Dumping Roku Shares
• Positive Sentiment: Goldman Sachs raised its second-quarter delivery forecast for Tesla to 420,000 vehicles, which supports expectations for a stronger-than-anticipated quarter. Goldman Sachs Just Upgraded Its Tesla EV Delivery Forecast: Here’s What Really Matters
• Neutral Sentiment: Elon Musk highlighted upcoming FSD features, including voice commands through Grok and remembered parking preferences, which may improve product appeal but are still future-facing promises. Elon Musk says he is adding a voice interface to full self-driving while regulators investigate it for missed hazards
• Negative Sentiment: Swedish regulators reportedly opposed broader EU approval for Tesla’s supervised self-driving tech over speed-limit concerns, signaling that regulatory friction could slow expansion. Exclusive: Sweden may oppose Tesla’s supervised self-driving tech in Europe over speeding concerns
• Negative Sentiment: Oppenheimer estimated Tesla’s 2026 capex at $29.4 billion, well above consensus, underscoring heavy spending needs tied to AI, robotics, and autonomy. Tesla (TSLA) Stock: Oppenheimer Projects $29.4B Capex — 25% Above Wall Street Consensus

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a research note on Tuesday. Truist Financial cut their target price on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Finally, Mizuho dropped their price objective on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $404.37.

Tesla Stock Performance

The business has a 50-day moving average of $402.19 and a two-hundred day moving average of $415.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company has a market cap of $1.50 trillion, a P/E ratio of 367.42, a P/E/G ratio of 15.84 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts predict that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC increased its holdings in shares of Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after purchasing an additional 7,446 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in Tesla by 8.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock worth $21,571,000 after purchasing an additional 3,935 shares during the period. Calamos Wealth Management LLC boosted its holdings in Tesla by 5.9% in the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after purchasing an additional 2,341 shares during the period. Finally, Private Capital Advisors Inc. increased its stake in Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after purchasing an additional 12,417 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

About Tesla

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.