Tesla (NASDAQ:TSLA) Stock Price Up 3.1% - Time to Buy?
- by lulegacy
- May 07, 2026
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Key Points
Stock up 3.1% to about $411.27 on Thursday with ~63.3M shares traded, a market cap near $1.54T and a consensus analyst rating of Hold with a $398.42 price target.
Positive catalysts include accelerating China deliveries (≈+36% YoY in April), the 2026 Model Y meeting a new NHTSA driver‑assistance benchmark, and a reported 370‑unit Tesla Semi order that bolster near‑term revenue/backlog prospects.
Key risks remain a large U.S. recall of roughly 218,800 vehicles for delayed rearview images and ongoing FSD regulatory hurdles in Europe, keeping sentiment and valuation upside uncertain. MarketBeat Week in Review – 04/20 - 04/24
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. As a group, equities analysts predict that Tesla, Inc. will post 1.25 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $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 available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company's stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,213 shares of company stock worth $30,851,105 in the last ninety days. Corporate insiders own 19.90% of the company's stock.
Hedge Funds Weigh In On Tesla
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Narwhal Capital Management raised its position in Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock worth $4,232,000 after acquiring an additional 2,350 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Tesla by 29.6% in the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock valued at $14,487,000 after buying an additional 7,446 shares during the period. Calamos Wealth Management LLC increased its holdings in Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after acquiring an additional 2,341 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of Tesla by 8.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after purchasing an additional 3,935 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock valued at $8,019,000 after buying an additional 3,724 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.
Tesla Company Profile
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