Tesla (NASDAQ:TSLA) Shares Down 1.2% - Should You Sell?
- by lulegacy
- Jun 04, 2026
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Key Points
Tesla shares were down 1.2% on Thursday, trading around $418.45 after briefly dipping to $417.16, on volume below its recent average.
The company is getting a boost from recent operating news, including the expansion of its unsupervised Robotaxi service in Austin and a nearly 40% jump in China-made EV sales in May.
Wall Street remains cautious overall: analysts’ views are mixed, but Tesla currently has a consensus Hold rating and an average price target of $395.20. SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during 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 company's revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. On average, analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 57,482 shares of company stock valued at $21,508,331. Corporate insiders own 19.90% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in TSLA. Brighton Jones LLC grew its stake in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its stake in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after buying an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock worth $3,855,000 after buying an additional 1,011 shares during the period. Finally, AGP Franklin LLC grew its position in shares of Tesla by 21.2% during the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock worth $1,544,000 after buying an additional 851 shares during the period. Institutional investors own 66.20% of the company's stock.
Tesla Company Profile
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