Tesla (NASDAQ:TSLA) Stock Price Up 3.4% - What's Next?
- by lulegacy
- Mar 04, 2026
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Key Points
Tesla shares were up about 3.4% mid‑day, trading as high as $408.33 and last at $405.94 on roughly 67.2 million shares, about 9% above average volume.
Positive catalysts include Bank of America reinstating coverage with a Buy/$460 target and reports of a long FSD run without intervention, which—along with Elon Musk’s AI/humanoid ambitions—feed the robotaxi/autonomy upside narrative.
Key risks remain: Tesla must submit detailed FSD data to the NHTSA by March 9 (a potential regulatory inflection), while mixed analyst ratings, regional demand weakness (UK), BNP Paribas’ cut and notable insider selling highlight downside scenarios. MarketBeat Week in Review – 02/23 - 02/27
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.Tesla's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company's stock, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value of $10,692,774.36. Following the sale, the director directly owned 19,669 shares in the company, valued at $8,173,649.64. This trade represents a 56.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 145,188 shares of company stock worth $64,193,919. 19.90% of the stock is owned by corporate insiders.
Institutional Trading of Tesla
A number of large investors have recently made changes to their positions in TSLA. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter valued at $26,000. Davidson Capital Management Inc. raised its holdings in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla during the third quarter worth about $30,000. Manning & Napier Advisors LLC purchased a new stake in Tesla during the 3rd quarter valued at approximately $29,000. Finally, Prism Advisors Inc. purchased a new position in shares of Tesla in the 4th quarter valued at approximately $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.
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