Tesla (NASDAQ:TSLA) Stock Price Down 2.2% – Should You Sell?

Tesla, Inc. (NASDAQ:TSLA) shares were down 2.2% on Wednesday . The stock traded as low as $390.51 and last traded at $394.1070. Approximately 33,446,322 shares were traded during trading, a decline of 43% from the average daily volume of 58,372,852 shares. The stock had previously closed at $402.90.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Q2 deliveries came in above expectations, with the company posting a record 480,126 deliveries and 451,758 vehicles produced, which supports the bullish case that demand is still holding up and may help offset concerns about slowing EV growth. Article Title
• Positive Sentiment: UBS raised its price target on Tesla to $442 from $364, while RBC also lifted its target to $500, signaling that some analysts still see upside in the stock despite near-term volatility. Article Title
• Positive Sentiment: Optimism around Tesla’s AI and robotics strategy persists, with coverage pointing to Grok/FSD integration, Optimus, and robotaxi expansion as potential long-term growth drivers. Article Title
• Neutral Sentiment: Tesla launched driverless Robotaxi service in Miami, but investors appear unconvinced that the rollout is moving fast enough to justify the valuation. Article Title
• Neutral Sentiment: Several analysts have trimmed or moderated earnings expectations for future years, keeping pressure on the stock’s premium multiple and reinforcing concerns that Tesla’s growth story is heavily dependent on delayed autonomy profits. Article Title
• Negative Sentiment: Regulatory and legal risks remain a major overhang, including scrutiny of Musk’s SEC settlement and lawsuits tied to Autopilot crashes, Robotaxi claims, and workplace discrimination. Article Title
• Negative Sentiment: Articles focused on Tesla’s stretched valuation and delayed robotaxi monetization suggest the market is still worried the stock has outrun the near-term fundamentals. Article Title

Analyst Upgrades and Downgrades

Several research firms have recently commented on TSLA. Evercore raised shares of Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a research note on Monday, June 1st. Jefferies Financial Group boosted their price objective on Tesla from $350.00 to $375.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Guggenheim initiated coverage on Tesla in a research note on Monday, June 29th. They issued a “neutral” rating for the company. Finally, Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $406.87.

Tesla Trading Up 0.2%

The stock has a market capitalization of $1.53 trillion, a PE ratio of 373.74, a price-to-earnings-growth ratio of 14.50 and a beta of 1.80. 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 firm has a 50-day moving average price of $409.76 and a 200-day moving average price of $409.24.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. As a group, equities analysts forecast that Tesla, Inc. will post 1.29 EPS for the current fiscal year.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on 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 sale, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Several hedge funds have recently made changes to their positions in TSLA. Norges Bank purchased a new stake in Tesla during the fourth quarter valued at about $17,128,100,000. Corient Private Wealth LLC increased its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of America Corp DE raised its position in shares of Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares during the period. Cardano Risk Management B.V. lifted its stake in shares of Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after buying an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares in the last quarter. 66.20% of the stock is currently 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.