Tesla (NASDAQ:TSLA) Trading 2.3% Higher – Here’s What Happened

Posted by Geri Gentry on Sep 17th, 2026

Tesla, Inc. (NASDAQ:TSLA – Get Free Report) shares shot up 2.3% during mid-day trading on Thursday . The stock traded as high as $374.12 and last traded at $366.20. Approximately 37,862,694 shares traded hands during trading, a decline of 28% from the average session volume of 52,598,770 shares. The stock had previously closed at $358.08.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Investor attention is shifting toward Tesla’s robotaxi and AI potential. LikeFolio reported strong growth in Tesla robotaxi activity, although Alphabet’s Waymo remains substantially ahead. The market is also focused on Tesla’s planned expansion of autonomous services and future AI-related catalysts. Ca$htag$: TSLA Robotaxi Growth Over GOOGL Very Bullish for AI Growth
Positive Sentiment: Tesla is expanding its commercial-energy ecosystem by operating public Megacharger sites at three Forum Mobility electric-truck depots in California. The project adds 30 megawatts of heavy-duty charging capacity, with more than 330 Tesla Semis reportedly committed at one location. Tesla taps Forum Mobility for California electric-truck charging stations
Positive Sentiment: Bulls continue to cite Tesla’s product pipeline, expanding robotaxi footprint, potential Roadster reveal on October 1 and long-term AI ambitions as reasons the stock could outperform despite its decline for the year. Prominent investor Ron Baron also reiterated a bullish view based on expected growth in full self-driving technology. Billionaire Investor Ron Baron Says the Time to Buy Tesla Stock Is Now
Neutral Sentiment: Goldman Sachs cut its third-quarter delivery forecast to 435,000 vehicles because of demand weakness in China, the United States and Europe. Prediction-market traders remain considerably more optimistic, with estimates near 480,000, highlighting a sharp disagreement over Tesla’s near-term sales momentum. Goldman Slashes Tesla Q3 Delivery Forecast to 435,000
Negative Sentiment: The National Highway Traffic Safety Administration ordered Tesla to answer 21 questions by September 30 regarding the Cybercab’s safety certification, including its lack of steering wheel, pedals and mirrors. Regulators could require controls, redesign work or delay broader deployment, giving Waymo more time to extend its lead. How Serious Is the Regulatory Threat Now Facing Tesla’s Cybercab?
Negative Sentiment: BYD’s record sales and Tesla’s vehicle-price reduction in China underscore intensifying competition and potential pressure on margins. Critics also point to reports of slow Cybercab progress and a widening operational gap with Waymo, while a robotaxi-related fatality adds to safety concerns. BYD Just Reported Record Monthly Sales

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLA. Roth Capital restated a “buy” rating and issued a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Mizuho set a $450.00 price objective on Tesla and gave the company an “outperform” rating in a report on Thursday, July 23rd. BTIG Research downgraded shares of Tesla to a “neutral” rating in a report on Friday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 price target (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Finally, Guggenheim started coverage on shares of Tesla in a research report on Monday, June 29th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $412.25.

Read Our Latest Stock Analysis on TSLA

Tesla Trading Up 2.3%

The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 339.03, a PEG ratio of 18.66 and a beta of 1.84. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average price is $350.84 and its 200-day moving average price is $380.12.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities analysts anticipate that Tesla, Inc. will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer directly owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Investors Weigh In On Tesla

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Tesla during the 4th quarter worth approximately $17,128,100,000. Corient Private Wealth LLC increased its position in shares of Tesla by 3,205.5% during 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 buying an additional 20,810,386 shares during the period. Legal & General Group Plc bought a new position in Tesla during the second quarter worth $8,535,612,000. Bank of New York Mellon Corp acquired a new position in Tesla in the second quarter valued at $6,083,630,000. Finally, Deutsche Bank AG acquired a new position in Tesla in the second quarter valued at $4,039,090,000. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

(Get Free Report)

Tesla, Inc is an American technology and automotive company that designs, develops, manufactures and sells electric vehicles and related energy products. Its vehicle lineup has included the Model S, Model 3, Model X, Model Y and Cybertruck, along with commercial and specialty products such as the Tesla Semi.

The company also develops energy-generation and storage products, including solar panels, solar roofing systems and battery storage solutions for residential, commercial and utility customers.