Tesla (NASDAQ:TSLA) Trading Down 2.9% After Insider Selling
- by lulegacy
- May 18, 2026
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Key Points
Tesla shares fell 2.9% on Monday, trading as low as $405.33 after closing at $422.24, with volume below average.
CFO Vaibhav Taneja sold 3,000 shares at $450 each for $1.35 million, reducing his position by 14.21%; the filing said the sale was to cover tax withholding tied to equity awards.
Analyst sentiment remains mixed: Tesla’s consensus rating is “Hold” with an average price target of $395.20, even as several firms maintain bullish or neutral views amid ongoing focus on autonomy and robotaxi growth. Read now. Do not delete. You’ve been warned.
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Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same period last year, the business posted $0.27 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.
Institutional Trading of Tesla
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Networth Advisors LLC acquired a new stake in Tesla during the fourth quarter worth about $26,000. Chapman Financial Group LLC acquired a new stake in Tesla during the second quarter worth about $26,000. Davidson Capital Management Inc. grew its holdings in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 27 shares during the period. Friedenthal Financial grew its holdings in Tesla by 66.7% during the first quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 30 shares during the period. Finally, Prism Advisors Inc. acquired a new stake in Tesla during the fourth quarter worth about $30,000. 66.20% of the stock is owned by institutional investors and hedge funds.
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