Tesla (NASDAQ:TSLA) Shares Up 4% – Should You Buy?

Shares of Tesla, Inc. (NASDAQ:TSLA) rose 4% during trading on Tuesday . The stock traded as high as $370.00 and last traded at $368.16. Approximately 50,489,816 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 53,426,176 shares. The stock had previously closed at $354.08.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Austin robotaxi rollout provides a key bullish catalyst. The company now has 45 Cybercabs operating in the city, while CEO Elon Musk says the redesigned “unboxed” manufacturing process could produce vehicles more than five times faster. If achieved, higher production and lower operating costs could improve the economics of Tesla’s autonomous-ride business. 45 Tesla Cybercabs are now roaming Austin
• Positive Sentiment: The Boring Company, which works closely with Tesla and is controlled by Elon Musk, raised $3 billion at a reported $23 billion valuation. The financing and planned UAE tunnel project reinforce Musk’s ability to attract capital and could support infrastructure related to future autonomous transportation, although the benefit to Tesla is indirect. The Boring Company raises funding
• Neutral Sentiment: Analysts remain divided on whether Tesla can scale robotaxis profitably. Goldman Sachs sees potential for Cybercab to operate as much as $0.30 per mile below competitors, but variable Austin fares, Waymo’s operating experience and uncertainty over production targets leave the commercial model unproven. Tesla Cybercab cost comparison
• Negative Sentiment: Regulatory and safety concerns are intensifying. A House Democrat urged U.S. regulators to address videos appearing to show drivers asleep or disengaged while using Autopilot or Full Self-Driving. Austin firefighters have also criticized Cybercab safety, adding to scrutiny that could delay expansion or increase compliance costs. House Democrat urges action over sleeping Tesla drivers
• Negative Sentiment: Tesla is using discounts in China to stimulate weak demand, but price cuts could further pressure already-thin automotive margins. Continued domestic sales weakness also highlights intensifying competition from Chinese EV manufacturers. Tesla China discounts and margins
• Negative Sentiment: Analysts also warn that falling lidar costs could challenge Tesla’s camera-based robotaxi strategy, while possible access for Chinese vehicles to the U.S. market would raise competitive pressure. Tesla’s demanding valuation leaves limited room for setbacks. Lidar challenges Tesla’s robotaxi valuation

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. BNP Paribas Exane cut Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Stifel Nicolaus set a $491.00 price target on Tesla and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research note on Tuesday, July 21st. Finally, Roth Capital reiterated a “buy” rating and set a $505.00 target price on shares of Tesla in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $401.74.

Tesla Stock Down 1.2%

The firm has a 50 day simple moving average of $354.87 and a two-hundred day simple moving average of $381.84. The stock has a market capitalization of $1.44 trillion, a P/E ratio of 336.63, a PEG ratio of 18.59 and a beta of 1.84. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. On average, equities research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in Tesla by 41,911.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,797,248,195 shares of the electric vehicle producer’s stock worth $755,922,591,000 after acquiring an additional 1,792,970,163 shares during the last quarter. State Street Corp boosted its stake in shares of Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Tesla by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after purchasing an additional 375,946 shares in the last quarter. Norges Bank bought a new stake in shares of Tesla during the fourth quarter worth about $17,128,100,000. Finally, Amundi increased its stake in shares of Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock valued at $8,243,513,000 after buying an additional 2,727,141 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

About Tesla

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.