TLDR
- Tesla stock rose 0.7% Friday to $321.59, on track to snap a three-week losing streak
- Retail investors poured $372 million into TSLA in the five days through Wednesday
- Q2 earnings badly missed expectations: EPS of $0.33 vs $0.50 consensus
- Tesla’s robo-taxi rollout remains slow; mass robot production has not yet started
- Analyst consensus is “Hold” with a price target of $401.74
Tesla stock is up 0.7% Friday at $321.59, putting the EV maker on course to end a brutal three-week losing streak that wiped 24% off its value.
The stock is up 3.3% for the week heading into Friday’s session. That would be a welcome change after three straight weeks of selling that included an 18% drop following a weak Q2 earnings report.
Tesla reported $0.33 earnings per share in Q2, well below the $0.50 analyst consensus. Operating profit came in at roughly $400 million, a far cry from the $1.7 billion Wall Street had expected.
Revenue was $28.24 billion, beating the $26.42 billion estimate and rising 25.5% year over year. But the profit miss was hard to ignore.
The stock opened Friday at $319.53. Its 52-week range sits between $297.38 and $498.83, and it carries a P/E ratio of 295.86.
Retail Traders Keep Buying
Retail investors are doing the heavy lifting right now. New retail inflows into Tesla totaled $372 million over the five trading days through Wednesday, up sharply from $121 million the prior five-day period.
Retail traders bought nearly $800 million in Tesla stock across the three weeks the stock was falling. The last time retail investors pulled money out was late June, when outflows hit $130 million.
Retail investors hold around 40% of Tesla’s tradeable float. That is roughly double the retail ownership seen in other large-cap tech names, according to Bloomberg.
Institutional investors own 66.2% of the stock overall. CFO Vaibhav Taneja sold 3,000 shares in May at $450 to cover tax withholding obligations, reducing his direct stake by 14.21%.
AI and Robotaxi Progress Stays Slow
Tesla’s robo-taxi service launched in Austin in June 2025 but is expanding gradually. Management offered little new detail on AI progress during the Q2 call, which disappointed investors.
Mass production of AI-trained robots has not started. Tesla is still in preparation stages.
On the positive side, Tesla and SpaceX announced a $16.8 billion Terafab AI chip factory in Texas. SpaceX also bought $295 million worth of Tesla Megapacks during Q2.
Tesla is also pushing for broader European deployment of Full Self-Driving, with regulatory votes expected in October or November.
Analyst price targets range from a low near $372 to a high of $485. Cantor Fitzgerald rates the stock “overweight” with a $485 target. Mizuho has an “outperform” rating and a $450 target. Jefferies holds a “hold” rating with a $400 target.
The consensus analyst rating sits at “Hold” with an average price target of $401.74, according to MarketBeat data.
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