Tesla (NASDAQ:TSLA) Shares Up 4.6% - Here's What Happened
- by lulegacy
- Mar 31, 2026
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Key Points
Shares were up 4.6% midday to $371.75 (intraday high $373.33) on about 73.5 million shares traded—roughly 19% above average—giving Tesla a market cap near $1.39 trillion.
Momentum was fueled by bullish signals and growth narratives, including Canaccord raising near‑term delivery estimates, plans for a Tesla/SpaceX chip factory in Texas, and renewed investor excitement around the Optimus robot/AI ambitions.
Key near‑term catalysts and risks: Q1 delivery figures (est. ~365k) due this week could drive the next leg of the stock, while safety/regulatory scrutiny of FSD, institutional rebalancing and recent insider selling present potential downside. As Tech Earnings Grow, This ETF Still Hasn't Caught Up
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $24.75 billion. During the same period last year, the business posted $0.73 earnings per share. Tesla's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Insider Buying and Selling at Tesla
In related news, Director Kathleen Wilson-Thompson sold 25,731 shares of the firm's stock in a transaction that occurred on 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 owned 19,669 shares of the company's stock, valued at $8,173,649.64. This trade represents a 56.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction dated 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 owned 18,106 shares of the company's stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 87,995 shares of company stock worth $38,315,650. 19.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Tesla
Hedge funds and other institutional investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. purchased a new position in Tesla in the 4th quarter worth approximately $18,466,000. Purpose Unlimited Inc. purchased a new stake in Tesla during the 4th quarter valued at approximately $328,776,000. Cornerstone Planning LLC purchased a new position in shares of Tesla in the fourth quarter worth $665,000. AMG Asset Management Group Inc. purchased a new position in shares of Tesla in the fourth quarter worth $610,000. Finally, Forty three Eighteen Advisors LLC bought a new position in shares of Tesla during the fourth quarter worth $2,784,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.
Tesla Company Profile
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