Tesla (NASDAQ:TSLA) Shares Up 6.7% – Should You Buy?

Tesla, Inc. (NASDAQ:TSLA) traded up 6.7% during trading on Monday . The company traded as high as $420.00 and last traded at $419.77. Approximately 53,505,144 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 58,718,938 shares. The stock had previously closed at $393.45.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its Robotaxi service to Miami, adding another city to its autonomous ride-hailing footprint and boosting the company’s AI growth story. Tesla Stock Climbs as Robotaxi Expansion Reaches Miami
• Positive Sentiment: Investors are responding to Tesla’s stronger-than-expected second-quarter delivery report, which suggests the EV business may be turning around. Tesla Just Delivered Fantastic News for Investors, but Don’t Rush Out and Buy the Stock
• Neutral Sentiment: Commentary says a major Tesla announcement is expected soon, which is helping speculation but also making the move more event-driven than fundamental. Why Did Tesla Stock Jump Today?
• Neutral Sentiment: Some analysts say Tesla’s robotaxi rollout is still slow, and investors may be waiting for AI efforts to translate into meaningful revenue and earnings. Tesla Launches Robo Taxi In Miami. What It Means for the Stock.
• Negative Sentiment: Bears continue to argue that Tesla’s valuation remains stretched, with short-seller Michael Burry again criticizing the stock’s AI-driven narrative. Michael Burry Rejects Claims He Was Wrong on Nvidia, Tesla and Housing Bets

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. William Blair reissued a “market perform” rating on shares of Tesla in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Friday, April 24th. Glj Research reissued a “sell” rating on shares of Tesla in a research note on Friday, June 12th. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, BTIG Research lowered Tesla to a “neutral” rating in a report on Friday, June 5th. Twenty-one research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $403.92.

Tesla Trading Up 6.7%

The company has a fifty day moving average of $407.39 and a 200-day moving average of $411.34. 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 company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 385.11, a PEG ratio of 15.61 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last posted its quarterly 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. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on 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 directly owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 32,015 shares of company stock valued at $12,383,640. Insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Institutional investors and hedge funds have recently made changes to their positions in the stock. PFS Partners LLC grew its holdings in shares of Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after acquiring an additional 24 shares in the last quarter. Boltwood Capital Management increased its position in Tesla by 1.2% during the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after buying an additional 25 shares during the last quarter. Woodmont Investment Counsel LLC lifted its position in shares of Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after buying an additional 25 shares during the last quarter. Aspect Partners LLC grew its holdings in Tesla by 12.5% during the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after purchasing an additional 25 shares during the last quarter. Finally, Human Investing LLC lifted its stake in shares of Tesla by 4.5% in the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock worth $260,000 after buying an additional 25 shares during the last quarter. 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.