Tesla (NASDAQ:TSLA) Shares Up 5.4% – Time to Buy?

Tesla, Inc. (NASDAQ:TSLA)’s share price rose 5.4% during mid-day trading on Thursday . The company traded as high as $384.04 and last traded at $376.37. Approximately 62,299,489 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 53,396,109 shares. The stock had previously closed at $357.01.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla began offering limited Cybercab rides in Austin, marking tangible progress toward its long-promised autonomous-vehicle strategy. The company is also soliciting interest from businesses that may purchase Cybercab fleets or provide supporting infrastructure, potentially expanding the model beyond Tesla-operated vehicles. Tesla Cybercab Hits Austin Streets
• Positive Sentiment: Tesla said the Cybercab motor uses no rare-earth metals, which could reduce supply-chain exposure. Separately, French authorities began testing Tesla’s Full Self-Driving technology, a possible step toward European regulatory progress. Cybercab Rare-Earth-Free Motor
• Neutral Sentiment: Technical analysts identified potential support around $330–$331 after the stock failed to hold resistance near $380. A successful rebound could restore momentum, but a break below roughly $347 could increase downside pressure. Tesla Forecast and Technical Levels
• Negative Sentiment: The National Highway Traffic Safety Administration opened an audit involving approximately 1,000 Cybercabs. Regulators are reviewing Tesla’s self-certification and whether a vehicle without a steering wheel, pedals or conventional mirrors complies with federal safety standards, creating potential approval and rollout delays. NHTSA Cybercab Probe
• Negative Sentiment: Analysts and financial media characterized the event as underwhelming, citing limited updates and unanswered questions about manufacturing scale, commercialization and economics. Bearish commentary—including a reiterated sell rating and an extreme downside forecast—added to the pressure, especially given Tesla’s very high earnings multiple and recent EPS miss. Tesla Stock Drops After Cybercab Update

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TSLA shares. Mizuho set a $450.00 price target on shares of Tesla and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Thursday, July 23rd. BMO Capital Markets initiated coverage on shares of Tesla in a research note on Monday, August 17th. They set an “outperform” rating on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research report on Tuesday, July 28th. Finally, Robert W. Baird set a $475.00 price target on shares of Tesla in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $401.74.

Tesla Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market cap of $1.40 trillion, a P/E ratio of 327.85, a P/E/G ratio of 19.00 and a beta of 1.84. The company’s 50 day moving average is $358.22 and its 200 day moving average is $383.10.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. As a group, equities analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tesla

Several hedge funds have recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC bought a new position in Tesla during the 2nd quarter worth $26,000. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% in the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the period. Turning Point Benefit Group Inc. bought a new stake in Tesla in the third quarter valued at approximately $30,000. Texas Capital Bancshares Inc TX bought a new stake in Tesla in the third quarter valued at approximately $31,000. Finally, Harborfront Financial Group LLC acquired a new stake in Tesla during the 2nd quarter valued at approximately $34,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.