Tesla (NASDAQ:TSLA) Shares Down 3.2% - Here's What Happened
- by lulegacy
- Mar 20, 2026
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Key Points
Tesla shares fell 3.2% in mid-day trading to $367.96 on heavy volume (77.3M shares, about 26% above the average session volume).
Newsflow is mixed: positives include strong early reviews for the new Semi, progress on the AI chip/Terafab roadmap and talks to buy about $2.9B of solar equipment, while negatives include an upgraded NHTSA FSD probe, analyst cuts to delivery/robotaxi expectations and rising competition that pressure sentiment.
Analysts are split but the consensus rating is "Hold" with a $406.84 price target; insiders have been net sellers recently and the stock trades at a high valuation (market cap ~$1.38T, P/E ~341). MarketBeat Week in Review – 03/09 - 03/13
Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion for the quarter, compared to analysts' expectations of $24.75 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The business's revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the firm's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the completion of the sale, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. This trade represents a 56.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,995 shares of company stock valued at $38,315,650 over the last quarter. Corporate insiders own 19.90% of the company's stock.
Hedge Funds Weigh In On Tesla
Several institutional investors have recently made changes to their positions in TSLA. Vanguard Group Inc. raised its stake in Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares during the period. State Street Corp grew its position in shares of Tesla by 0.9% during the fourth quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer's stock worth $51,647,164,000 after purchasing an additional 1,080,085 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $29,426,070,000 after purchasing an additional 375,946 shares in the last quarter. Capital World Investors boosted its stake in Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock worth $19,583,547,000 after purchasing an additional 2,403,019 shares during the period. Finally, Norges Bank purchased a new stake in Tesla during the 4th quarter valued at approximately $17,128,100,000. Institutional investors own 66.20% of the company's stock.
Tesla Company Profile
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