Tesla Slides Despite Strong Q2 Deliveries

Tesla (TSLA) is down 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: Tesla’s drop appears to be a sell-the-news reaction after the company posted a much stronger second quarter delivery result than many expected. This could be because investors are looking past the headline beat and focusing on whether the sales rebound came with heavier incentives, softer North American demand, and margin pressure that will not be fully clear until the company’s July 22 earnings report.

Details:

Tesla reported second-quarter deliveries of 480,126 vehicles and production of 451,758, meaning deliveries exceeded production during the quarter.

The delivery figure was well above the company-compiled analyst consensus released before the report, signaling a better volume quarter than the market had been bracing for.

Even with that beat, the stock sold off, which suggests traders may have locked in gains after a recent run-up rather than reward results that were already partly anticipated.

Broader concerns still remain around pricing, profitability, competition from Chinese EV makers, and whether Europe’s recovery can offset weaker trends in North America over a longer period.

Sources:

Tesla Investor Relations, Reuters, AP

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TSLA Insider Trading Activity

$TSLA insiders have traded $TSLA stock on the open market 63 times in the past 6 months. Of those trades, 0 have been purchases and 63 have been sales.

Here’s a breakdown of recent trading of $TSLA stock by insiders over the last 6 months:

KATHLEEN WILSON-THOMPSON has made 0 purchases and 38 sales selling 77,949 shares for an estimated $29,952,091.
JAMES R MURDOCH has made 0 purchases and 22 sales selling 60,000 shares for an estimated $26,723,781.
VAIBHAV TANEJA (Chief Financial Officer) has made 0 purchases and 3 sales selling 7,870 shares for an estimated $3,297,000.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$TSLA Hedge Fund Activity

We have seen 1,974 institutional investors add shares of $TSLA stock to their portfolio, and 1,553 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CORIENT PRIVATE WEALTH LLC removed 20,600,280 shares (-96.0%) from their portfolio in Q1 2026, for an estimated $7,523,119,254
CARDANO RISK MANAGEMENT B.V. removed 7,342,550 shares (-89.5%) from their portfolio in Q1 2026, for an estimated $2,681,462,547
EXODUSPOINT CAPITAL MANAGEMENT, LP added 4,853,301 shares (+5868.6%) to their portfolio in Q1 2026, for an estimated $1,772,401,258
FMR LLC removed 3,456,486 shares (-8.8%) from their portfolio in Q1 2026, for an estimated $1,262,291,404
H&H INTERNATIONAL INVESTMENT, LLC added 3,408,900 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,244,913,235
MORGAN STANLEY added 3,394,385 shares (+9.5%) to their portfolio in Q1 2026, for an estimated $1,239,612,430
BARCLAYS PLC removed 3,063,323 shares (-22.6%) from their portfolio in Q1 2026, for an estimated $1,118,710,242

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TSLA Congressional Stock Trading

Members of Congress have traded $TSLA stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $TSLA stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 3 purchases worth up to $45,000 on 05/29, 04/14, 01/09 and 1 sale worth up to $50,000 on 03/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$TSLA Analyst Ratings

Wall Street analysts have issued reports on $TSLA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

GLJ Research issued a "Sell" rating on 03/12/2026
Tigress Financial issued a "Buy" rating on 02/12/2026
Wells Fargo issued a "Underweight" rating on 01/12/2026

To track analyst ratings and price targets for $TSLA, check out Quiver Quantitative's $TSLA forecast page.

$TSLA Price Targets

Multiple analysts have issued price targets for $TSLA recently. We have seen 16 analysts offer price targets for $TSLA in the last 6 months, with a median target of $462.5.

Here are some recent targets:

Gordon L. Johnson from GLJ Research set a target price of $24.86 on 06/12/2026
Rajat Gupta from JP Morgan set a target price of $475.0 on 06/05/2026
Itay Michaeli from TD Cowen set a target price of $490.0 on 06/04/2026
George Gianarikas from Canaccord Genuity set a target price of $450.0 on 04/23/2026
Andres Sheppard from Cantor Fitzgerald set a target price of $510.0 on 04/23/2026
Dan Ives from Wedbush set a target price of $600.0 on 04/23/2026
Vijay Rakesh from Mizuho set a target price of $480.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.