Tesla (NASDAQ:TSLA) Shares Up 3.3% – Time to Buy?

Shares of Tesla, Inc. (NASDAQ:TSLA) shot up 3.3% during trading on Wednesday . The company traded as high as $417.46 and last traded at $417.26. 44,472,494 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 62,202,086 shares. The stock had previously closed at $404.11.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s stock is benefiting from a technical rebound after several sessions of weakness, with traders citing a possible reversal pattern that could support more near-term upside. Stock Of The Day: Did Tesla Reverse?
• Positive Sentiment: Expansion of Full Self-Driving (Supervised) into Lithuania reinforces Tesla’s push to be valued as an AI and robotics company, not just an automaker, which supports the long-term bull case for TSLA. Tesla’s Full Self-Driving software is creeping into Europe
• Positive Sentiment: Institutional and high-profile investor support remains a positive backdrop, with reports that Paul Tudor Jones increased his TSLA stake sharply and Ark Invest also added Tesla shares. As Tesla Leans Into AI Pivot, Billionaire Paul Tudor Jones Just Raised His TSLA Stake by 9X
• Positive Sentiment: Some commentary frames the current pullback as overdone, arguing that Tesla remains the clearest public-market way to bet on Musk’s AI, robotaxi, and robotics ambitions. Tesla Stock Faces Rotation Risk as SpaceX IPO Hype Builds
• Neutral Sentiment: Multiple articles highlighted speculation that a future SpaceX IPO could shift investor attention away from Tesla, but these are mostly narrative-driven and not a direct operational change for TSLA. SpaceX IPO Could Rewrite Wall Street Records
• Neutral Sentiment: Reports about Andrej Karpathy joining Anthropic are more about AI talent mobility and Musk’s network than Tesla’s current fundamentals, though they reinforce the competitive AI backdrop around the company. Former Tesla AI executive, OpenAI founding member Andrej Karpathy joins Anthropic
• Negative Sentiment: Analysts and commentators continue to warn that Tesla’s valuation is stretched, and higher oil prices, rising bond yields, and capex concerns could pressure the stock if sentiment weakens. Tesla Faces Double Whammy As Oil Hits $110 And Bond Yields Climb
• Negative Sentiment: Recent price hikes on the Model Y and concerns about slowing EV demand have raised fears that Tesla could be prioritizing margins over volume, which has weighed on the shares. Tesla Hikes Model Y Prices as Wall Street Focuses on AI

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Canaccord Genuity Group increased their price objective on shares of Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Bank of America started coverage on shares of Tesla in a research report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target on the stock. UBS Group raised their price target on shares of Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $395.20.

Tesla Trading Up 3.3%

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 firm has a market capitalization of $1.57 trillion, a P/E ratio of 382.81, a price-to-earnings-growth ratio of 16.19 and a beta of 1.79. The business’s 50-day moving average is $386.65 and its 200 day moving average is $417.28.

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

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated 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 $18,300,145.89. This trade represents a 35.30% decrease in their position. The transaction was disclosed in a filing 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 firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 83,213 shares of company stock worth $32,201,105. Insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several hedge funds have recently bought and sold shares of TSLA. Brighton Jones LLC boosted its stake in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC boosted its stake in shares of Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after purchasing an additional 851 shares in the last quarter. 66.20% of the stock is owned by 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.