Tesla (NASDAQ:TSLA) Stock Price Down 3.8% Following Insider Selling

Tesla, Inc. (NASDAQ:TSLA) shares traded down 3.8% on Wednesday after an insider sold shares in the company. The stock traded as low as $380.15 and last traded at $381.59. 48,824,045 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 60,125,891 shares. The stock had previously closed at $396.68.

Specifically, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BTIG Research downgraded Tesla to a “neutral” rating in a report on Friday, June 5th. Phillip Securities decreased their target price on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Wednesday, May 13th. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Tuesday, April 21st. Mizuho decreased their target price on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Roth Mkm reissued a “buy” rating on shares of Tesla in a research report on Thursday, April 23rd. Twenty-two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $404.37.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla received fresh support from Wall Street, including a major JPMorgan price-target reset and Piper Sandler commentary arguing the market is underestimating Tesla’s autonomy, robotics, and physical AI potential. JPMorgan Just Dramatically Reversed Course on Tesla Because TSLA Stock Has Massive Physical AI Potential
• Positive Sentiment: Regulatory wins in Europe continue to bolster the Full Self-Driving narrative, including authorization to sell supervised self-driving technology in Belgium and reports of strong Dutch safety data showing fewer crashes. Tesla gets go-ahead to sell self-driving technology in Belgium
• Positive Sentiment: Analysts are also highlighting Tesla’s China rebound, with May retail sales up 22.5% year over year and exports from Shanghai improving, which supports demand optimism. What Drove Tesla China's 22.5% Y/Y Sales Growth in May?
• Positive Sentiment: Optimism around Tesla’s long-term growth story remains tied to robotaxis, Optimus, and AI-related projects, with multiple recent pieces framing the company as more than just an EV maker. “Sub-50 Pence Per Hour” Tesla Stock (NASDAQ:TSLA) Sinks as BYD Picks Up Charger Fight
• Neutral Sentiment: Elon Musk’s SpaceX IPO and merger speculation are creating a lot of noise around TSLA, but the impact is uncertain and may be adding volatility rather than clear fundamentals. Musk Looks to an Army of Loyalists to Help Make Him a Trillionaire
• Neutral Sentiment: Insider selling by CFO Vaibhav Taneja was disclosed, but it was tied to tax withholding on equity awards, making it more routine than alarming. Vaibhav Taneja Sells 2,606 Shares of Tesla (NASDAQ:TSLA) Stock
• Negative Sentiment: Broader risk-off trading, including weakness in tech and semiconductors and Middle East tensions lifting oil prices, has weighed on TSLA sentiment despite the company-specific positives. Tesla stock slips another 1.5% today: what’s behind the recent decline?
• Negative Sentiment: Competition is intensifying, especially from BYD’s charging push and Rivian’s lower-priced SUV launch, which could pressure Tesla’s EV growth narrative. BYD Spending €2B on 5-Minute Charging Stations to Slam the Brakes on Rival Tesla

Tesla Price Performance

The stock has a market capitalization of $1.43 trillion, a P/E ratio of 350.33, a PEG ratio of 16.15 and a beta of 1.80. The business has a fifty day simple moving average of $396.77 and a 200-day simple moving average of $416.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for 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 company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Sell-side analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tesla

Institutional investors and hedge funds have recently modified their holdings of the business. Crestwood Advisors Group LLC lifted its stake in Tesla by 34.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Tesla by 29.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after purchasing an additional 7,446 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of Tesla by 8.8% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after purchasing an additional 3,935 shares during the last quarter. Calamos Wealth Management LLC increased its position in shares of Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after purchasing an additional 2,341 shares during the last quarter. Finally, Willis Johnson & Associates Inc. increased its position in shares of Tesla by 21.6% during the 3rd quarter. Willis Johnson & Associates Inc. now owns 8,917 shares of the electric vehicle producer’s stock valued at $3,965,000 after purchasing an additional 1,582 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Company Profile

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.