Tesla (NASDAQ:TSLA) Stock Price Up 2.8% – Should You Buy?

Tesla, Inc. (NASDAQ:TSLA)’s share price shot up 2.8% on Friday . The stock traded as high as $333.73 and last traded at $328.58. Approximately 38,737,118 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 55,507,965 shares. The stock had previously closed at $319.53.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla and SpaceX announced an initial $16.8 billion investment in Terafab, a planned advanced semiconductor facility in Texas. The project could give Tesla greater control over chips needed for Optimus robots, autonomous vehicles and other AI systems, while supporting about 3,000 jobs. Approximately 25% of the compute capacity is expected to support Tesla’s projects, with the remainder targeted toward SpaceX-related AI applications. Reuters Terafab announcement
• Positive Sentiment: Investors continued to focus on Tesla’s potential to dominate the U.S. robotaxi market, citing its large vehicle fleet, data collection and Full Self-Driving software. Upcoming European FSD authorization votes in October and November could expand subscriptions and reinforce the autonomy growth story. Reasons Tesla could monopolize robotaxis
• Positive Sentiment: Tesla’s Supercharger network is expected to become available at EVgo stations, improving charging convenience for Tesla owners and potentially increasing the value of its charging ecosystem. Tesla also received support from reported institutional and retail buying, including an increased Czech National Bank position. Superchargers at EVgo stations
• Neutral Sentiment: SpaceX disclosed roughly $295 million of Tesla Megapack purchases during the second quarter, providing a meaningful related-party demand signal for Tesla’s energy-storage business. However, Terafab is expected to rely on natural-gas power plants rather than Tesla solar systems, limiting the immediate benefit to Tesla’s energy segment. SpaceX Megapack purchases
• Negative Sentiment: Tesla’s latest quarterly EPS missed expectations despite stronger-than-anticipated revenue, and the stock remains well below its 50-day and 200-day moving averages. At a very high valuation, investors may demand faster earnings growth to justify spending on Terafab, robotaxis and Optimus.
• Negative Sentiment: Ford’s planned sub-$30,000 Fathom electric pickup could intensify price competition against the Cybertruck. Separately, an FSD user receiving a speeding ticket highlights continuing safety, liability and regulatory risks, while critics argue Tesla’s camera-based autonomy approach may lag systems using lidar. Ford Fathom EV competition

Analyst Upgrades and Downgrades

Several brokerages have commented on TSLA. Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Erste Group Bank raised Tesla from a “sell” rating to a “hold” rating in a research note on Friday, June 5th. Truist Financial set a $370.00 price objective on Tesla and gave the stock a “hold” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group assumed coverage on Tesla in a report on Friday, June 5th. They issued a “buy” rating on the stock. Finally, William Blair reissued a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $401.74.

Tesla Stock Performance

The stock has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 304.24, a price-to-earnings-growth ratio of 16.30 and a beta of 1.83. The company has a 50 day simple moving average of $378.76 and a 200-day simple moving average of $393.76. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction 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 approximately $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp boosted its holdings in Tesla by 0.9% in the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock worth $51,647,164,000 after acquiring an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC grew its stake in Tesla by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after acquiring an additional 375,946 shares during the period. Norges Bank bought a new stake in shares of Tesla during the fourth quarter valued at approximately $17,128,100,000. Finally, Amundi increased its holdings in shares of Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after acquiring an additional 2,727,141 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

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.