Tesla (NASDAQ:TSLA) Stock Price Down 2.7% Following Analyst Downgrade
- by lulegacy
- Mar 03, 2026
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Key Points
Tesla shares fell about 2.7% mid‑day after BNP Paribas Exane cut its price target to $280 and kept an underperform rating; the stock traded as low as $385.39 (last $392.43) on ~62.15M shares versus a prior close of $403.32.
Analyst views are mixed — 18 Buys, 14 Holds and 9 Sells — leaving a MarketBeat consensus of Hold with an average target of $407.15, while firm targets range from about $280 to $500.
Near‑term downside risks include a binary regulatory event (the NHTSA/FSD data deadline on March 9) and macro headwinds, and insiders have sold roughly 145,188 shares (~$64.2M) over the last three months, with insiders owning 19.9% of the stock. MarketBeat Week in Review – 02/23 - 02/27
Several hedge funds have recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new position in Tesla during the 4th quarter worth about $26,000. Chapman Financial Group LLC bought a new stake in Tesla in the second quarter valued at approximately $26,000. Davidson Capital Management Inc. increased its position in Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 27 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter worth approximately $29,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 2nd quarter valued at $30,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Tesla Stock Performance
The company's 50-day moving average price is $431.75 and its two-hundred day moving average price is $422.03. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 363.30, a PEG ratio of 14.33 and a beta of 1.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Tesla Company Profile
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