Tesla (NASDAQ:TSLA) Stock Crosses Below 200 Day Moving Average – Here’s Why

Posted by Geri Gentry on Nov 6th, 2026

Tesla, Inc. (NASDAQ:TSLA – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $384.65 and traded as low as $338.15. Tesla shares last traded at $343.69, with a volume of 78,969,247 shares trading hands.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSLA. Jefferies Financial Group raised shares of Tesla from a “hold” rating to a “buy” rating in a report on Monday, October 26th. BMO Capital Markets initiated coverage on shares of Tesla in a report on Monday, August 17th. They issued an “outperform” rating on the stock. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a report on Thursday, July 23rd. Monness Crespi & Hardt began coverage on shares of Tesla in a research report on Monday, October 26th. They set a “buy” rating for the company. Finally, HSBC restated a “reduce” rating and set a $157.00 price objective on shares of Tesla in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Moderate Buy” and an average price target of $414.51.

Get Our Latest Report on TSLA

Tesla Stock Performance

The stock’s 50-day simple moving average is $372.07 and its 200-day simple moving average is $384.65. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 377.69, a price-to-earnings-growth ratio of 23.86 and a beta of 1.74. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. Analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSLA. State Street Corp lifted its stake in Tesla by 2.4% in the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer’s stock valued at $49,402,312,000 after purchasing an additional 2,761,298 shares during the last quarter. Amundi lifted its holdings in Tesla by 14.0% during the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after buying an additional 2,727,141 shares during the period. Legal & General Group Plc acquired a new position in shares of Tesla in the second quarter worth approximately $8,535,612,000. Bank of New York Mellon Corp bought a new stake in shares of Tesla in the 2nd quarter valued at $6,083,630,000. Finally, Bamco Inc. NY boosted its position in Tesla by 5.0% during the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after acquiring an additional 591,243 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

About Tesla

(Get Free Report)

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.