Tesla stock jumped early Monday with investors piling back into a broad range of stocks, and as the EV giant looks to build on its nearly 15% rebound from a March 11 low.
After booking its ninth consecutive weekly decline, Tesla stock soared 11.8% to 278 during Monday's market stock action. Despite ending last week down, TSLA gained 5.3% to 248.71 on Friday. That gain put shares 14.6% above its March 11 low of 217.02 — nearly recovering a 15% drop from March 10.
The New York Post reported Monday the FBI has put together a task force to look into attacks against Tesla. The FBI confirmed the story amid reports that multiple incendiary devices were discovered at a Tesla showroom in Austin, Texas.
"The FBI has launched a Task Force in conjunction with ATF to coordinate investigative activity and crack down on violent Tesla attacks. More to come," FBI spokesperson Ben Williamson posted to X.
Late on Thursday, Tesla held a surprise all hands company meeting. Chief Executive Elon Musk took the stage to once more tout the company's long-term strategy around robotaxis, artificial intelligence and robotics, including the expected demand around Tesla's Optimus humanoid robot.
Musk's message was clear during the all-hands meeting: "What I'm saying is, hang onto your stock."
Tesla stock is also among those tracked by the subreddit investor group r/WallStreetBets. Website ApeWisdom shows TSLA is the top-trending issue on r/WallStreetBets as of Sunday. On Friday, JPMorgan analysts released a note showing that retail investors have purchased $8 billion worth of Tesla stock dating back to early March.
Earnings Consensus Falling
Morgan Stanley analyst Adam Jonas late on Thursday cut his Tesla price target to 410 from 430, but maintained the overweight rating on the shares. Most of Jonas' commentary was on falling vehicle deliveries. However, the TSLA bull believes Tesla's "softer auto deliveries are emblematic of a company in the transition from an automotive 'pure play' to a highly diversified play on AI and robotics."
Analysts have been revising Q1 and full-year earnings estimates, according to FactSet. FactSet's current Sharp Consensus predicts first-quarter earnings down 2% to 49 cents per share. The Sharp Consensus view has dropped 7% since the end of January.
The company is also expected to see Q1 vehicle deliveries increase 7% to 417,000 as of Monday estimates, which have declined 7% since Jan. 31. The most timely delivery estimates are around 358,000-378,000, which would be below Q1 2024's 386,810.
Troy Teslike, whose delivery estimates and Tesla data tracking are highly respected among retail Tesla investors, on Sunday posted to X he believes Tesla will deliver less than 1.68 million vehicles in 2025.
"The company is now struggling to regain its momentum due to shifting brand perception in Western markets and increasing competition in China," Teslike wrote.
For the full year, Sharp Consensus pegs Tesla EPS increasing 7% to $2.59. However, the consensus number has dropped about 10% in recent months. For 2025, analysts predict Tesla vehicle deliveries to increase 9% to 1.95 million units, but with more recent forecasts targeting flat to lower sales for the year.
Tesla Stock Performance
TSLA extended its losing streak to nine weeks, off 0.5% to 248.71. However, last week it held above its March 11 lows and is riding a three-day win streak after jumping 5.3% on Friday. Tesla stock is well below its 200-day and 50-day lines as analysts slash delivery and earnings estimates.
Investors should generally avoid stocks below the 200-day or even their 50-day lines. Tesla stock enters Monday down more than 15% in March.
The EV giant has fallen 38.4% so far in 2025, one of the worst performers in the S&P 500 this year.
Tesla stock has a 21-day average true range of 7.18%. The ATR metric is available on IBD's MarketSurge charting tool. It gauges the characteristic breadth of a stock's behavior. Stocks that tend to make large jumps or dives in daily action, the kind that can trigger sell rules and shake investors out of a stock, have a high ATR. Stocks that tend to make more incremental moves have lower ATRs.
In the current market, IBD suggests stocks with ATRs of 3% or below.
Tesla stock ranks seventh in the 35-stock IBD Auto Manufacturers industry group. The stock has a 66 Composite Rating out of a best-possible 99. Shares also have a 63 Relative Strength Rating and an 84 EPS Rating.
Please follow Kit Norton on X @KitNorton for more coverage.
YOU MAY ALSO LIKE:
Is Tesla Stock A Buy Or A Sell?
Get Full Access To IBD Stock Lists And Ratings
Learning How To Pick Great Stocks? Read Investor's Corner
AI Is Fueling A 'Nuclear Renaissance.' Bill Gates And Jeff Bezos Are In The Mix.
The Lithium Price Cycle Has Bottomed. What To Expect Next For These Stocks.
