Tesla (NASDAQ:TSLA) Shares Up 1% – Still a Buy?

Tesla, Inc. (NASDAQ:TSLA)’s share price was up 1% on Monday. The company traded as high as $414.23 and last traded at $403.82. Approximately 42,530,243 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 50,249,910 shares. The stock had previously closed at $399.81.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European registrations rebounded sharply. October Tesla registrations rose 248% year over year in Sweden, 131% in Norway and 34% in Denmark. Sales also increased 94% in Italy and 186.1% in Portugal, supporting the view that Tesla’s European demand may be recovering. Tesla registrations surge across Northern Europe in October
• Positive Sentiment: Robotaxi expansion strengthened Tesla’s autonomy narrative. Tesla’s Texas robotaxi fleet reportedly grew 128% to 1,244 vehicles, nearly matching Waymo’s registered fleet, while new operating locations and larger pilots in Texas and Nevada could create recurring, software-led revenue. Tesla’s 128% Robotaxi Surge Puts It Just 15 Cars Behind Waymo
• Positive Sentiment: Commercial vehicle demand added another potential growth catalyst. A shipper alliance placed an order for 2,500 Tesla Semis, potentially improving manufacturing scale and helping electric trucks become more competitive with diesel. Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
• Neutral Sentiment: Speculation about a SpaceX-Tesla combination remained prominent. Analysts are modeling a potential all-stock merger, but investors also warned that deal complexity, dilution, valuation and a lengthy closing process could create substantial uncertainty for TSLA holders. Analyst models potential market reaction to a SpaceX-Tesla all-stock merger
• Neutral Sentiment: Tesla opposed possible new U.S. tariffs on Vietnamese goods. The company cited supply-chain concerns; avoiding additional tariffs could reduce costs, although the outcome depends on the ongoing U.S. trade investigation. Tesla and Samsung oppose new US tariffs on Vietnam
• Negative Sentiment: China’s competitive pressure intensified. Strong October sales from BYD, Xiaomi and XPeng, combined with Tesla’s heavier reliance on Shanghai exports, raised concerns about pricing, market share and local demand. Tesla’s China Problem Gets Harder to Ignore
• Negative Sentiment: Investor Gary Black said Tesla is losing U.S. EV share. He estimated Tesla’s share has fallen from roughly 80% to 52% and called for stronger marketing, a concern given TSLA’s very elevated valuation. Gary Black warns Tesla needs better marketing

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSLA. Roth Capital reaffirmed a “buy” rating and set a $505.00 target price on shares of Tesla in a research note on Thursday, July 23rd. Robert W. Baird set a $475.00 price target on Tesla in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on Tesla from $415.00 to $430.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. BMO Capital Markets started coverage on Tesla in a research report on Monday, August 17th. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity Group set a $442.00 target price on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $414.51.

Tesla Trading Up 1.0%

The stock’s 50-day moving average price is $369.61 and its 200 day moving average price is $385.81. 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 firm has a market capitalization of $1.60 trillion, a PE ratio of 443.76, a price-to-earnings-growth ratio of 24.77 and a beta of 1.74.

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

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Peirce Capital Management LLC lifted its holdings in Tesla by 1.5% during the second quarter. Peirce Capital Management LLC now owns 1,657 shares of the electric vehicle producer’s stock worth $697,000 after buying an additional 25 shares during the period. Phillip James Consulting Co. increased its holdings in shares of Tesla by 8.7% in the 1st quarter. Phillip James Consulting Co. now owns 326 shares of the electric vehicle producer’s stock valued at $121,000 after acquiring an additional 26 shares during the period. Cadence Wealth Management LLC increased its holdings in shares of Tesla by 4.7% in the 1st quarter. Cadence Wealth Management LLC now owns 580 shares of the electric vehicle producer’s stock valued at $216,000 after acquiring an additional 26 shares during the period. Crumly & Associates Inc. raised its position in shares of Tesla by 0.6% in the 2nd quarter. Crumly & Associates Inc. now owns 4,698 shares of the electric vehicle producer’s stock worth $1,976,000 after acquiring an additional 26 shares in the last quarter. Finally, Brickley Wealth Management lifted its stake in shares of Tesla by 3.6% during the 2nd quarter. Brickley Wealth Management now owns 757 shares of the electric vehicle producer’s stock worth $318,000 after purchasing an additional 26 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

About Tesla

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.