Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Tesla stock last closed at $177.81, down 3.76% from the previous day, and has increased 3.5% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.63 percentage points. Tesla stock is currently +28.1% from its 52-week low of $138.80, and -40.59% from its 52-week high of $299.29.
As of May 7, 2024, there are 3.19B TSLA shares outstanding. The market cap of TSLA is $567.07B. In the last 24 hours, 74.4M TSLA shares were traded.
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Once you have identified the best place to buy Tesla stock, it's critical to research their stock prior to investing, so you can understand the risk as well as the opportunity.
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on TSLA's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge TSLA's true value.
Using relative valuations methods:
You can access more valuation analysis on TSLA's stock here.
Out of 29 Wall Street analysts who monitor TSLA, the consensus analyst rating on Tesla is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Itay Michaeli, a bottom 1% analyst from Citigroup maintains TSLA with a hold rating and raises their TSLA price target from $180.00 to $182.00, on Apr 24, 2024.
Ronald Jewsikow, a top 27% analyst from Guggenheim maintains TSLA with a strong sell rating and raises their TSLA price target from $122.00 to $126.00, on Apr 24, 2024.
Joseph Spak, a bottom 1% analyst from UBS maintains TSLA with a hold rating and lowers their TSLA price target from $160.00 to $147.00, on Apr 24, 2024.
Tom Narayan, a bottom 13% analyst from RBC Capital maintains TSLA with a buy rating and lowers their TSLA price target from $294.00 to $293.00, on Apr 24, 2024.
RBC Capital's Tom Narayan lowered their price target on Tesla (NASDAQ: TSLA) by 0.3% from $294 to $293 on 2024/04/24. The analyst maintained their Buy rating on the stock.
Narayan said, after taking in Tesla's Q1 2024 earnings report and participating in the earnings call, that "Auto Gross Profit margins came in ahead of estimates thanks to better cost controls."
Tesla's latest FSD V.12 has been a "seismic upgrade" to prior versions of the product, the analyst noted, which was already revolutionary and has accelerated the company's robotaxi development plans.
For Q1 2024, Tesla reported:
Management did not provide financial guidance, but did offer the following "outlook commentary:" Our company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform, and we believe the next one will be initiated by advances in autonomy and introduction of new products, including those built on our next generation vehicle platform.
"In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle and other products.
"In 2024, the growth rates of energy storage deployments and revenue in our Energy Generation and Storage business should outpace the Automotive business.
"Cash We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses.
"Furthermore, we will manage the business such that we maintain a strong balance sheet during this uncertain period.
"We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025.
"These new vehicles, including more affordable models, will utilize aspects of the next-generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up.
"This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more Capex-efficient manner during uncertain times.
"This would help us fully utilize our current expected maximum capacity of close to three million vehicles, enabling more than 50% growth over 2023 production before investing in new manufacturing lines.
"Our purpose-built robotaxi product will continue to pursue a revolutionary “unboxed” manufacturing strategy."
Craig Irwin, a bottom 3% analyst from Roth MKM maintains TSLA with a hold rating and maintains their TSLA price target from $85.00 to $85.00, on Apr 24, 2024.
You can dive deeper into what analysts are saying on the Tesla stock forecast page.
Last year, TSLA earnings were $13.61B. In the past three year, TSLA's earnings have grown by 214.22% per year. This was faster than the Auto Manufacturers industry average of 100.42%.
Last year, TSLA revenue was $94.75B. During the last five year, TSLA's revenue has grown by 33.2% per year. This was slower than the Auto Manufacturers industry average of 39.59%.
Find out more about TSLA's earnings and revenue performance here.
In the last year, insiders at TSLA have sold more shares than they have bought.
Robyn M. Denholm, Director of TSLA, was the latest TSLA insider to sell. They sold $2,208,207.89 worth of TSLA shares on May 6, 2024.
Get more info about who owns TSLA stock here.
No, Tesla doesn't provide an income stream by paying out dividends.
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