Tesla (TSLA) Stock Climbs as Dutch FSD Data Puts Europe in Sight

TLDR

• Tesla stock rose ~1% in early Tuesday trading to $413.20
• Dutch FSD data shows 3.5x fewer collisions, potentially opening the door for European expansion
• ARK’s Cathie Wood posted a video of a smooth Tesla robo-taxi ride
• JPMorgan upgraded TSLA from underweight to neutral, raising its price target to $475
• Institutions now own 66.2% of Tesla, with Vanguard and Norges Bank among recent buyers

Tesla (TSLA) stock edged up about 1% in early Tuesday trading to $413.20, with investors reacting to a fresh batch of autonomous driving news.

Tesla, Inc., TSLA

The catalyst was new safety data from Tesla covering drivers in the Netherlands. According to Tesla, FSD users on Dutch public roads experienced 3.5 times fewer collisions compared to the baseline. European regulators haven’t signed off on FSD yet, but the data gives Tesla something concrete to work with as it pushes for a European rollout.

In the US, FSD costs $99 a month. Tesla ended Q1 with around 1.3 million subscribers.

ARK Invest’s Cathie Wood added to the buzz, posting a video of herself taking a Tesla robo-taxi ride. The trip went smoothly.

Why Robo-Taxi Matters Right Now

Tesla’s robo-taxi service launched roughly a year ago in Austin, Texas. Investors see it as the next leg of earnings growth as EV sales have softened.

The numbers tell the story. Tesla earned $3.12 per share in 2023 on about 1.8 million vehicles sold. By 2025, that dropped to $1.66 on 1.6 million EVs. The robo-taxi and FSD businesses are seen as the path back up.

Most recently, Tesla reported Q1 EPS of $0.41, beating the $0.39 consensus. Revenue came in at $22.39 billion, slightly below the $22.96 billion estimate, but up 15.8% year-over-year.

Analyst and Institutional Activity

JPMorgan made a notable move last week, upgrading Tesla from underweight to neutral and lifting its price target from $145 to $475. Goldman Sachs also started coverage with a buy rating. Deutsche Bank followed with a buy as well.

Of 43 analysts tracked by MarketBeat, 22 rate TSLA a buy, 16 a hold, and 5 a sell. The average price target sits at $404.37.

On the institutional side, TIAA Trust raised its Tesla position by 30.9% in Q4, ending with 117,812 shares worth roughly $53 million. Norges Bank took a new stake valued at around $17.1 billion. Vanguard grew its position by 2.6% to over 258 million shares. Institutions now own 66.2% of the company.

Tesla’s China retail sales jumped 22% in May, with exports also rising — another data point that has supported sentiment recently.

Tesla opened Tuesday at $408.95. The stock carries a P/E ratio of 375, a 12-month low of $281.85, and a 12-month high of $498.83.

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