TLDR
- Tesla’s European registrations rose to 28,610 units in May, more than doubling year-on-year
- May marked the fourth consecutive month of sales growth in Europe
- TSLA opened at $405.05, with a 52-week range of $288.77–$498.83
- Federal regulators opened a probe into a fatal Texas crash involving a Tesla Model 3 with Autopilot active
- Wall Street is split — average price target sits at $405.06 with a consensus “Hold” rating
Tesla’s European sales more than doubled in May compared to the same month last year, with new-car registrations hitting 28,610 units across the EU, UK, Iceland, Liechtenstein, Norway, and Switzerland, according to the European Automobile Manufacturers’ Association.
TSLA opened at $405.05 on Tuesday, up 1.1% on the session. The stock has a 52-week low of $288.77 and a high of $498.83, giving it a market cap of $1.52 trillion.
May was the fourth straight month of growth in Europe for Tesla, a region that had been a sore spot for the company. A sales slump lasting more than a year had weighed on the brand, tied in part to backlash over Elon Musk’s political involvement. That trend now appears to be reversing.
The broader European EV market also had a strong month — battery-electric vehicle registrations grew 39% in May, while total new-car registrations rose 3.6%.
Federal Probe Adds Pressure
Not everything is pointing up. Federal regulators have opened a new investigation into a fatal crash in Texas involving a Tesla Model 3. The driver stated that Autopilot was active at the time of the collision. Tesla has pushed back on that narrative, but the probe adds legal and reputational risk to its self-driving business.
This is the kind of headline that tends to stick. Autopilot and Full Self-Driving credibility are central to Tesla’s long-term valuation story, so any federal scrutiny gets attention from investors.
On the analyst front, the picture is mixed. Twenty-one analysts have a Buy rating on TSLA, nineteen have a Hold, and five have a Sell.
The average price target sits at $405.06 — almost exactly where the stock is trading right now.
Jefferies kept its Hold rating but raised its price target. Goldman Sachs recently initiated coverage with a Buy. Wedbush has an Outperform rating and a $600 price target.
Other Catalysts in Focus
Tesla filed a trademark for “Megapod,” which some analysts are reading as a potential move into AI data-center hardware. That’s added fuel to the bull case that Tesla could tap into AI infrastructure demand beyond its core EV business.
Tesla’s Semi is also drawing attention, with reports of strong interest and encouraging early results — a potential growth driver that’s been somewhat overlooked.
On the institutional side, Triad Wealth Partners increased its Tesla stake by 35.6% in Q1, buying 4,511 additional units to bring its total holding to 17,183 units valued at approximately $6.39 million.
Insider activity is worth noting too. CFO Vaibhav Taneja sold 3,000 units of Tesla stock in May at an average price of $450.00, totaling $1.35 million. The sale was tied to tax obligations from vesting equity awards.
In its most recent earnings report on April 23rd, Tesla posted EPS of $0.41, beating the $0.39 consensus estimate. Revenue came in at $22.39 billion, slightly below the $22.96 billion expectation, but up 15.8% year-over-year.
Analysts forecast full-year EPS of $1.19 for Tesla.
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