Tesla (NASDAQ:TSLA) Shares Down 1.2% – Should You Sell?

Tesla, Inc. (NASDAQ:TSLA) fell 1.2% during mid-day trading on Thursday . The stock traded as low as $417.16 and last traded at $418.45. 34,272,276 shares traded hands during trading, a decline of 43% from the average session volume of 60,285,105 shares. The stock had previously closed at $423.70.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its unsupervised Robotaxi service in Austin, removed safety monitors in parts of the rollout, and widened the service area, reinforcing its autonomy growth narrative. Reuters: Tesla rolls out unsupervised robotaxis in Austin
• Positive Sentiment: China-made EV sales surged nearly 40% in May as Shanghai deliveries improved, suggesting demand may be stabilizing in Tesla’s key international market. CNBC: Tesla’s China-made EV sales jump nearly 40% in May
• Positive Sentiment: Global EV sales rose 16% in April, with Tesla cited as a leader, supporting the view that EV demand is recovering more broadly. TipRanks: Global EV Sales Rose 16% in April, Led by Tesla

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a report on Monday, April 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Tesla in a research note on Thursday, April 23rd. TD Cowen reissued a “buy” rating and issued a $490.00 price objective on shares of Tesla in a research note on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Tesla in a report on Monday. Nineteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $395.20.

Tesla Stock Performance

The company has a 50-day moving average of $394.52 and a 200-day moving average of $416.14. The company has a market cap of $1.57 trillion, a PE ratio of 383.90, a PEG ratio of 16.73 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.Tesla’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. As a group, analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 Tesla stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,482 shares of company stock valued at $21,508,331. 19.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSLA. Crestwood Advisors Group LLC boosted its stake in Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after purchasing an additional 5,039 shares during the period. Gamco Investors INC. ET AL increased its position in shares of 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 valued at $14,487,000 after buying an additional 7,446 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in shares of 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 buying an additional 3,935 shares in the last quarter. Calamos Wealth Management LLC boosted its position in shares of Tesla by 5.9% in the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after acquiring an additional 2,341 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer’s stock valued at $8,019,000 after acquiring an additional 3,724 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

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.