Tesla (NASDAQ:TSLA) Trading 8.5% Higher – Time to Buy?

Tesla, Inc. (NASDAQ:TSLA)’s stock price shot up 8.5% during trading on Monday . The company traded as high as $413.27 and last traded at $411.84. 56,982,164 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 58,858,590 shares. The stock had previously closed at $379.71.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: TSLA is benefiting from a broad tech rebound that is lifting EV stocks, with Tesla leading the group in Monday trading. Tesla Jumps 8%, Rivian and Lucid Rise 7% as EV Stocks Ride a Tech Rebound
• Positive Sentiment: Investors are positioning ahead of Tesla’s upcoming Q2 delivery release, with Street estimates clustering around roughly 406,000 to 413,000 vehicles and some firms raising expectations on stronger Europe and China demand. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: News that Tesla is giving millions of older cars a major FSD boost is supporting the bull case around software monetization and customer adoption. TSLA stock rises premarket: Tesla gives millions of older cars a major FSD boost
• Neutral Sentiment: Analysts and commentators remain split, with some arguing Tesla’s long-term upside depends on much higher FSD performance and robotaxi scale, which keeps the stock volatile. Tesla Stock (TSLA) Won’t Beat the Nasdaq Until FSD Hits 99.99%, Analyst Warns
• Neutral Sentiment: Regulatory and competitive headlines are also in focus, including a closed NHTSA steering probe and fresh self-driving competition from Wayve, which balance the upbeat delivery and FSD news. Tesla Stock In Focus: Regulatory Twists, Q2 Delivery Countdown, 16 GW Energy Partnership

Analysts Set New Price Targets

TSLA has been the subject of a number of analyst reports. Barclays reaffirmed a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. DZ Bank upgraded Tesla from a “sell” rating to a “hold” rating and set a $385.00 price objective on the stock in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tesla in a research report on Wednesday, June 24th. Finally, Erste Group Bank upgraded Tesla from a “sell” rating to a “hold” rating in a report on Friday, June 5th. Twenty-one analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $403.07.

Tesla Trading Up 8.5%

The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $405.62 and a two-hundred day simple moving average of $412.99. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 377.83, a price-to-earnings-growth ratio of 15.18 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm 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 quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 1.19 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,015 shares of company stock valued at $12,383,640 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tesla

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Networth Advisors LLC purchased a new stake in Tesla during the 4th quarter worth approximately $26,000. Davidson Capital Management Inc. raised its holdings in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla during the third quarter worth $30,000. Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Tesla in the 3rd quarter valued at $31,000. 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.