Tesla (NASDAQ:TSLA) Shares Up 2.2% - Still a Buy?
- by lulegacy
- Mar 11, 2026
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Key Points
Tesla shares rose about 2.2% to roughly $408 as investors cheered positive catalysts, including Elon Musk's unveiling of the joint Tesla–xAI project "Macrohard"/Digital Optimus and a China-made EV sales jump of 91% YoY in February, which support hopes for software/agent revenue and stronger volume.
Significant risks persist: analysts warn of a possible third straight year of delivery declines, the company has seen senior departures, and regulatory scrutiny of Full Self‑Driving plus accelerating competition (e.g., BYD) could pressure margins and cash flow.
Wall Street view and valuation are mixed — the consensus rating is "Hold" with an average target of $406.84 while Tesla trades at a very high P/E (~378); insiders have also sold shares recently, underscoring the uncertain near‑term outlook. This Forgotten EV Stock Just Reported Strong Earnings
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter last year, the firm earned $0.73 EPS. The business's revenue was down 3.1% compared to the same quarter last year. On average, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Insider Activity
In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 87,995 shares of company stock valued at $38,315,650. 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 business. Vanguard Group Inc. lifted its position in shares of Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. State Street Corp raised its position in 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 buying an additional 1,080,085 shares during the period. Geode Capital Management LLC increased its position 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 worth $29,426,070,000 after purchasing an additional 375,946 shares during the last quarter. Capital World Investors lifted its position in shares of Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tesla in the fourth quarter worth about $17,128,100,000. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla Company Profile
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