Tesla, Inc. (NASDAQ:TSLA – Get Free Report) was down 1.7% on Thursday . The stock traded as low as $338.96 and last traded at $345.13. Approximately 30,025,870 shares were traded during trading, a decline of 45% from the average session volume of 54,146,535 shares. The stock had previously closed at $351.12.
More Tesla News
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Cybercab remains the main bullish catalyst. JPMorgan said Tesla is confident it can scale Cybercab operations, while reports suggested a launch could occur as soon as this month. Morningstar also viewed the vehicle’s lower-cost design as a potential source of strong profit and growth in 2027. JPMorgan Cybercab Analysis
- Positive Sentiment: Commercial and robotics demand provided additional support. Einride plans to deploy 500 Tesla Semi trucks, signaling possible traction in commercial trucking. Separately, Virtuix sold Tesla an Omni One Enterprise system for Optimus teleoperation, offering an early example of a potential robotics application. Tesla-Einride Semi Deal
- Neutral Sentiment: JPMorgan highlighted both technology progress and execution priorities. The bank described FSD V15 as a potentially significant improvement and said Tesla is prioritizing Cybercab rather than expanding its existing Model Y robotaxi fleet. This could improve efficiency, but it also limits near-term fleet growth. JPMorgan Tesla Meeting
- Negative Sentiment: Optimus timing appears less certain. A new JPMorgan report reportedly indicated another delay to the humanoid robot’s eventual release, weakening a major part of Tesla’s long-term valuation story. JPMorgan Optimus Delay
- Negative Sentiment: Recent robotaxi incidents and restrictions raised execution concerns. A Tesla driverless Robotaxi reportedly struck plastic bollards in Austin. Las Vegas granted only 10 of the 5,000 permits Tesla requested, capped speeds at 45 mph and excluded airport trips. Tesla’s refusal to accept its own vehicles as Canadian trade-ins also created a customer-experience concern. Tesla Robotaxi Bollard Incident
- Negative Sentiment: Valuation and fundamentals remain difficult. Tesla previously missed quarterly EPS expectations despite strong revenue growth, while July U.S. vehicle sales reportedly fell 21% year over year. GLJ Research reaffirmed a Sell rating, and Viking Global cut its Tesla stake by 78% in the second quarter.
Analysts Set New Price Targets
Several brokerages have commented on TSLA. Guggenheim started coverage on Tesla in a research report on Monday, June 29th. They issued a “neutral” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, July 23rd. BTIG Research lowered shares of Tesla to a “neutral” rating in a research report on Friday, June 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $401.74.
Tesla Stock Performance
The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $367.57 and a 200 day moving average of $388.09. The stock has a market capitalization of $1.36 trillion, a P/E ratio of 319.57, a PEG ratio of 17.01 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Insider Buying and Selling
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their ownership of the stock. 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 currently owned by corporate insiders.
Institutional Trading of Tesla
Institutional investors have recently bought and sold shares of the stock. Crestwood Advisors Group LLC lifted its position 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 purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC raised its stake in shares of Tesla by 5.9% during the fourth quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares during the last quarter. Private Capital Advisors Inc. lifted its holdings in Tesla by 139.3% in the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after buying an additional 12,417 shares during the period. Wealthquest Corp bought a new position in Tesla in the fourth quarter valued at approximately $1,035,000. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock valued at $28,998,000 after acquiring an additional 16,652 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.
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.
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