Tesla (TSLA) Stock Rises 4% in 5 Days But Analysts Say Hold Your Horses
TLDR
- Tesla stock is up 0.2% to $333.30 premarket, on track for a five-session winning streak, but is still down 26% for the year.
- Q2 earnings per share of $0.33 missed the $0.50 consensus estimate, though revenue of $28.24 billion beat expectations.
- The stock trades at a P/E ratio of 308, well above its five-year average, with analysts holding a consensus โHoldโ rating and a $401.74 price target.
- Hyperion Asset Management increased its Tesla stake by 6.2% in Q2, with Tesla now its largest holding at 13.7% of its portfolio.
- Key risks include slow autonomy progress, a 32% drop in China retail sales, a vehicle recall, and thin automotive margins.
Tesla (TSLA) stock was trading at $332.81 on Wednesday morning, ticking up around 0.2% in premarket trading. That would mark a fifth straight day of gains, with the stock rising 4.2% over the past four sessions.
Despite the recent run, Tesla is still down 26% for 2026. The five-day streak looks better than the underlying picture actually is.
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