Tesla (NASDAQ:TSLA) Stock Price Down 1.6% – Here’s What Happened

Shares of Tesla, Inc. (NASDAQ:TSLA) were down 1.6% during trading on Tuesday . The stock traded as low as $400.54 and last traded at $404.66. 39,564,110 shares changed hands during trading, a decline of 34% from the average session volume of 59,691,832 shares. The stock had previously closed at $411.15.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla owners will soon be able to talk to Grok through the car, reinforcing the company’s AI narrative and potential software-driven features. Elon Musk Says Tesla Owners Will Soon Be Able To Talk To Grok Like A Chauffeur
• Positive Sentiment: Musk also teased upcoming FSD improvements, including the system remembering parking preferences, which supports the idea that Tesla is still advancing its autonomy stack. Elon Musk Says Tesla FSD Will Remember ‘Parking Preferences’ At Home, Office And School Drop-Off In Upcoming Releases
• Positive Sentiment: Oppenheimer’s higher capex forecast suggests Tesla is investing heavily in physical AI, which could bolster the long-term growth case for robotaxis and robotics. Tesla (TSLA) Stock: Oppenheimer Projects $29.4B Capex — 25% Above Wall Street Consensus
• Positive Sentiment: Some analysts continue to argue that Tesla’s AI, Robotaxi, and Optimus efforts could make it more valuable than a traditional automaker. Tesla’s $25 Billion Capex Plan Is No Longer About Cars. Here’s Why Tesla Could Be the Most Undervalued AI and Robotics Stock of 2026.
• Neutral Sentiment: Coverage around a possible Tesla-SpaceX merger and Musk’s rising voting power is adding speculation, but it does not yet change fundamentals. Better off together? Investors weigh up a potential SpaceX-Tesla merger
• Negative Sentiment: Reuters reported Sweden may oppose Tesla’s supervised self-driving rollout in Europe unless Tesla disables speed-limit overriding, highlighting regulatory risk for its autonomy ambitions. Exclusive: Sweden may oppose Tesla’s supervised self-driving tech in Europe over speeding concerns
• Negative Sentiment: Some investor commentary says Tesla’s valuation is still being questioned because of FSD safety concerns and the gap between hype and measurable robotaxi progress. Tesla’s $25 Billion Capex Plan Is No Longer About Cars. Here’s Why Tesla Could Be the Most Undervalued AI and Robotics Stock of 2026.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Bank of America started coverage on Tesla in a report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price target for the company. UBS Group increased their price target on Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. Twenty-one research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $404.37.

Tesla Stock Performance

The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 367.42, a P/E/G ratio of 16.17 and a beta of 1.80. The firm’s 50-day moving average is $401.11 and its two-hundred day moving average is $415.57. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the previous year, the firm posted $0.27 EPS. Tesla’s revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts expect that Tesla, Inc. will post 1.19 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $402.20, for a total value 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. The trade was a 10.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 57,824 shares of company stock valued at $21,657,588 over the last quarter. 19.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tesla

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC lifted its position in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after buying an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Tesla by 9.1% during the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after buying an additional 1,011 shares during the period. Finally, AGP Franklin LLC increased its position in shares of Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after acquiring an additional 851 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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.