Tesla (NASDAQ:TSLA) Shares Down 10.8% – Should You Sell?

Posted by Geri Gentry on Nov 7th, 2026

Tesla, Inc. (NASDAQ:TSLA – Get Free Report)’s stock price fell 10.8% on Thursday. The company traded as low as $338.15 and last traded at $343.69. 78,257,730 shares were traded during trading, an increase of 56% from the average daily volume of 50,233,453 shares. The stock had previously closed at $385.19.

More Tesla News

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TSLA. BMO Capital Markets began coverage on shares of Tesla in a research report on Monday, August 17th. They issued an “outperform” rating on the stock. Roth Capital reaffirmed a “buy” rating and issued a $505.00 price objective on shares of Tesla in a report on Thursday, July 23rd. Morgan Stanley upgraded shares of Tesla from a “reduce” rating to an “overweight” rating in a research note on Monday, October 26th. CLSA reissued an “underperform” rating on shares of Tesla in a report on Monday, October 26th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Tesla in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $414.51.

View Our Latest Report on TSLA

Tesla Stock Performance

The business’s fifty day moving average price is $372.14 and its 200-day moving average price is $384.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The stock has a market capitalization of $1.42 trillion, a PE ratio of 393.65, a P/E/G ratio of 25.01 and a beta of 1.74.

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

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 owned by company insiders.

Institutional Investors Weigh In On Tesla

Several large investors have recently added to or reduced their stakes in the business. Security National Bank of Sioux City Iowa IA purchased a new position in shares of Tesla during the second quarter worth about $25,000. Harborfront Financial Group LLC purchased a new stake in Tesla in the second quarter valued at approximately $34,000. Montgomery Financial Services LLC purchased a new stake in Tesla in the second quarter valued at approximately $40,000. Timbuktu Capital Management LLC bought a new stake in Tesla during the second quarter valued at approximately $42,000. Finally, Navigoe LLC bought a new stake in Tesla during the second quarter valued at approximately $45,000. Institutional investors own 66.20% of the company’s stock.

Tesla Company Profile

(Get Free Report)

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.