Tesla (NASDAQ:TSLA) Trading 2.6% Higher - Should You Buy?

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) shares were up 2.6% during mid-day trading on Thursday . The company traded as high as $355.74 and last traded at $354.81. 29,930,946 shares traded hands during trading, a decline of 44% from the average session volume of 53,637,465 shares. The stock had previously closed at $345.82.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s official Robotaxi account announced expanded service hours and a larger unsupervised fleet, while the company continues expanding beyond Austin and Miami. Nevada also increased Tesla’s potential Las Vegas robotaxi operating cap from 10 vehicles to 5,000, strengthening the long-term autonomy narrative. Tesla Stock Is Trending Higher Today: What's Happening?
• Positive Sentiment: Tesla scheduled a September 24 event for the Semi, renewing expectations that autonomous trucking could become a significant future sales and profit catalyst. Tesla Announces Semi Event for September 24
• Positive Sentiment: Strong Nvidia earnings and guidance improved the broader AI backdrop, potentially supporting investor enthusiasm for Tesla’s AI-compute infrastructure and Full Self-Driving training efforts. Why Nvidia Earnings Matter for Tesla Stock
• Positive Sentiment: Tesla denied reports that it is winding down Full Self-Driving work or closing its Shanghai data center, reducing fears of a retreat from the strategically important Chinese market. Tesla Denies Pullback on FSD in China
• Neutral Sentiment: Speculative commentary remains highly bullish on Optimus, including a forecast of one billion robots by 2036, but prediction markets assign only a 3% probability to a 2026 Optimus preorder. Meanwhile, SoftBank may value rival 1X at $6 billion, underscoring both the opportunity and competitive risk in humanoid robotics. Tesla Optimus Rival Could Be Worth $6 Billion
• Negative Sentiment: Tesla quietly discontinued its Solar Roof product, raising fresh execution concerns around its energy ambitions. The company also faces intense autonomy competition from Waymo and Rivian, while the departure of a senior AI-chip leader highlights pressure to retain specialized talent. Tesla Stock in Focus After Quiet Product Exit
• Negative Sentiment: Cybertruck prices rose by as much as $5,000 despite sluggish sales. The increase may support per-vehicle margins but risks further weakening demand and emphasizes the gap between Tesla’s original pricing promises and current positioning. Tesla Hikes Cybertruck Prices
• Negative Sentiment: Analysts and commentators continue to question Tesla’s premium valuation, citing thin margins, negative free cash flow, Chinese EV competition and unproven robotaxi and robotics plans. The stock’s elevated earnings multiple leaves limited room for execution disappointments.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TSLA shares. Mizuho set a $450.00 price target on Tesla and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. William Blair reissued a "market perform" rating on shares of Tesla in a research note on Thursday, July 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 28th. Sanford C. Bernstein upgraded shares of Tesla from an "underperform" rating to an "outperform" rating in a research note on Friday, June 5th. Finally, Robert W. Baird set a $475.00 price target on shares of Tesla in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $401.74.

Tesla Price Performance

The stock has a 50 day moving average of $362.28 and a two-hundred day moving average of $385.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 328.53, a P/E/G ratio of 17.68 and a beta of 1.83.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the company earned $0.33 EPS. The firm's revenue for the quarter was up 25.5% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 transaction, the chief financial officer owned 22,039 shares in the company, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tesla

A number of institutional investors have recently made changes to their positions in TSLA. California State Teachers Retirement System boosted its position in shares of Tesla by 41,911.1% in the second quarter. California State Teachers Retirement System now owns 1,797,248,195 shares of the electric vehicle producer's stock valued at $755,922,591,000 after acquiring an additional 1,792,970,163 shares during the period. State Street Corp raised its stake in Tesla by 0.9% during the 4th 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 during the last quarter. Geode Capital Management LLC boosted its holdings in Tesla by 0.6% in the 4th 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 during the period. Norges Bank bought a new stake in Tesla in the 4th quarter valued at $17,128,100,000. Finally, Amundi grew its position in Tesla by 14.0% in the 1st quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

About Tesla

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.

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