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Tesla (TSLA) Stock Price, News & Analysis

$216.40
-29.98 (-12.17%)
(As of 04:11 PM ET)
Today's Range
$214.71
$225.99
50-Day Range
$170.66
$263.26
52-Week Range
$138.80
$278.98
Volume
153.03 million shs
Average Volume
101.14 million shs
Market Capitalization
$690.14 billion
P/E Ratio
55.20
Dividend Yield
N/A
Price Target
$197.46

Tesla MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
9.2% Downside
$201.18 Price Target
Short Interest
Healthy
3.30% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
0.25mentions of Tesla in the last 14 days
Based on 203 Articles This Week
Insider Trading
Selling Shares
$17.44 M Sold Last Quarter
Proj. Earnings Growth
38.92%
From $1.85 to $2.57 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Auto/Tires/Trucks Sector

14th out of 79 stocks

Motor Vehicles & Car Bodies Industry

3rd out of 28 stocks

TSLA stock logo

About Tesla Stock (NASDAQ:TSLA)

Tesla, Inc. is the world's leading manufacturer of electric vehicles. With more than 26% of the market share in 2022, the company's leadership position is all but assured for the coming decade if not longer. While specifically an EV manufacturer, however, the company is also engaged in many related and unrelated ventures that could produce significant results for shareholders.

Tesla, Inc. was first incorporated in 2003 in California as Tesla Motors, Inc but later changed its name. Founded by Martin Eberhard and Marc Terpening, Elon Musk became the company's largest shareholder in 2006 and then its CEO in 2008. Tesla went public via IPO in 2010 making it the first American automobile company to do so since Ford back in 1956. The company reached a half million in annual vehicle sales in 2020 and crossed over the 1 million mark in 2022.

Under Musk's guidance, the company was reborn and moved away from the high-end sports-car segment and into a line of cars geared toward a larger audience. The first model, the Roadster, was soon eclipsed by the Model S which is the top-selling plug-in EV car to this day. Follow-on models include the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020.

Tesla, Inc.'s name change came in 2017 shortly after then and current CEO Elon Musk agreed to acquire SolarCity and expand the company's product line. Tesla is now headquartered in Austin, Texas, and operates global manufacturing capacity through a network of Gigafactories. The company has 5 Gigafactories in key locations around the world with a 6th planned. The Gigafactories are noteworthy for multiple reasons including their size, end-to-end production capability, and non-reliance on grid-supplied power.

Tesla's automobile segment designs, develops, manufactures, leases, and sells electric vehicles in the U.S., Europe, Asia, and internationally. This segment offers a line of luxury Ev s equipped with industry-leading features. The company also generates revenue by selling excess EV credits to the business at large. The Energy Generation and Storage segment designs, manufactures, sells, and installs, solar energy generation and energy storage products for residential, commercial, and industrial customers as well as electric utilities.

One of Tesla's related products is the Tesla Powerwall and Tesla Powerpack battery packs. The Powerwall and Powerpack are stationary lithium-ion battery packs for home or industrial use. The power packs can store solar or other green-generated powers for later use or backup power in emergency situations. This segment of the business was merged with Solarcity to form the Energy Generation and Storage segment. Among the many technologies worked on by the company are self-driving/autonomous vehicles, AI, and glass along with EV motors and batteries.

TSLA Stock Price History

TSLA Stock News Headlines

Tesla Model 3
Tesla Skids Into a Buying Opportunity But Don’t Buy it Yet
Tesla sustained growth in Q2, but car revenue, deliveries, and production are falling, suggesting another quarter or two of sluggish results lie ahead
 Businessman plan graph growth and increase of chart positive indicators in his business
Insider Selling: When It Matters and When It Doesn't (TSLA)
Understanding insider stock transactions can help investors separate meaningful signals from noise, enabling smarter investment decisions.
What comes next after the attempt on Trump's life...
After this weekend’s attempt on Trump's life... it seems all but a lock for him to return to the White House. Now "only an ‘October Surprise’ can swing the presidential election," writes Doug Schoen, of The Hill.
Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. on screen in front of website
Is CrowdStrike Stock a Hidden Gem After the Recent Selloff? (TSLA)
Shares of Crowdstrike are down over 20% in the past couple of trading days, but markets still stand by the company in hopes of a turnaround to analyst targets
What is after hours trading? Image of a compass pointing to after hours trading
After Hours Trading: How to Buy Stock After Hours When the Stock Market is Closed
What is after hours trading? After-hours trading refers to trades made between 4 and 8 p.m. after the markets have officially closed for the day. Learn more.
Tesla electric car logo emblem close up
Major EV Stock Prepares for Q2 Earnings: What You Need to Know
Tesla (NASDAQ: TSLA) will report its second-quarter earnings on Tuesday, following a robust rally fueled by better-than-expected delivery numbers.
Lucid car logo on EV car
High-Profile EV Stock: A Long Shot, Loser or Legend-Killer? (TSLA)
Electric vehicle (EV) maker Lucid Group Inc. (NASDAQ: LCID) was once touted as a Tesla Inc. (NASDAQ: TSLA) killer with its sleek luxury designs and purportedly
two airplanes in hangar
This Aviation Stock Takes Flight on Cathie Wood Investment (TSLA)
The race for air taxis is taking off. These machines are technically called electric vertical take-off and landing (eVTOL) aircraft.
What comes next after the attempt on Trump's life...
After this weekend’s attempt on Trump's life... it seems all but a lock for him to return to the White House. Now "only an ‘October Surprise’ can swing the presidential election," writes Doug Schoen, of The Hill.
3d rendering group of solid-state or rechargeable batteries
This Solid-State Battery Stock Skyrockets on Landmark Deal (TSLA)
Solid-state battery technology company QuantumScape Co. (NYSE: QS) stock awakened, jumping nearly 46% on news of a new agreement with PowerCo, a subsidiary
Electric car lithium battery pack and wiring connections internal between cells on background.
Don't Miss Out: This Lithium Stock Is Poised for Major Gains (TSLA)
Trading at only 39% of its 52-week high, Albemarle stock is now becoming a potential value play for those willing to take a long enough view into analyst views
Photo of a person holding a countdown timer. Short-term stocks to consider investing in.
5 Best Short-Term Stocks to Consider Investing In
Not every investor is in the market for the long haul. Some prefer short time frames and volatile stocks, looking to make a profit in days or weeks rather than years.
Tesla (NASDAQ:TSLA) Given New $300.00 Price Target at Piper Sandler
Nasdaq on Track for Steepest Drop Since 2022
See More Headlines
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Company Calendar

Last Earnings
7/23/2024
Today
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobile Manufacturers
Current Symbol
NASDAQ:TSLA
CUSIP
88160R10
Employees
140,473
Year Founded
2003

Price Target and Rating

Average Stock Price Target
$197.46
High Stock Price Target
$310.00
Low Stock Price Target
$24.86
Potential Upside/Downside
-19.9%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
35 Analysts

Profitability

Net Income
$15.00 billion
Pretax Margin
9.21%

Debt

Sales & Book Value

Annual Sales
$96.77 billion
Cash Flow
$4.23 per share
Book Value
$19.90 per share

Miscellaneous

Outstanding Shares
3,189,200,000
Free Float
2,388,708,000
Market Cap
$785.76 billion
Optionable
Optionable
Beta
2.31

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Should I Buy Tesla Stock? TSLA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Tesla:

  • Tesla stock is currently trading at $251.52, showing a 2.1% increase, indicating positive market sentiment.
  • Tesla's innovative approach to electric vehicles and energy systems has positioned the company as a leader in the sustainable energy sector, offering long-term growth potential.
  • Recent insider transactions, such as Director Robyn M. Denholm selling shares, could indicate confidence in the company's future performance.
  • Institutional investors and hedge funds have been increasing their stakes in Tesla, reflecting growing confidence in the company's financial outlook.
  • Analyst estimates suggest that Tesla may post 1.86 earnings per share for the current fiscal year, potentially attracting investors seeking profitability.

Cons

Investors should be bearish about investing in Tesla for these reasons:

  • Analysts have issued multiple sell ratings on Tesla stock, indicating concerns about the company's performance and valuation.
  • Revenue for the recent quarter fell short of analyst estimates, raising questions about Tesla's ability to meet market expectations.
  • The average target price for Tesla stock is $192.71, suggesting potential downside risk based on current market valuations.
  • Despite positive insider activity, the overall percentage of company stock owned by insiders is relatively high at 20.90%, potentially impacting market dynamics.
  • While Tesla has shown innovation, the competitive landscape in the electric vehicle industry is intensifying, posing challenges for sustained growth and market share.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Tesla pros and cons to contact@marketbeat.com.

TSLA Stock Analysis - Frequently Asked Questions

How have TSLA shares performed this year?

Tesla's stock was trading at $248.48 at the beginning of 2024. Since then, TSLA shares have decreased by 10.9% and is now trading at $221.45.
View the best growth stocks for 2024 here
.

How were Tesla's earnings last quarter?

Tesla, Inc. (NASDAQ:TSLA) posted its quarterly earnings results on Tuesday, July, 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.10. The business's quarterly revenue was up 2.3% on a year-over-year basis.

When did Tesla's stock split?

Tesla shares split before market open on Thursday, August 25th 2022. The 3-1 split was announced on Thursday, August 25th 2022. The newly created shares were distributed to shareholders after the market closes on Thursday, August 25th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What is Elon Musk's approval rating as Tesla's CEO?

2,063 employees have rated Tesla Chief Executive Officer Elon Musk on Glassdoor.com. Elon Musk has an approval rating of 79% among the company's employees.

Does Tesla have any subsidiaries?

The following companies are subsidiaries of Tesla: Springpower, ATW Automation, Hibar Systems, DeepScale, Maxwell Technologies, Perbix, Grohmann Engineering, and more.

Who are Tesla's major shareholders?

Tesla's top institutional shareholders include IMC Chicago LLC, Sumitomo Mitsui Trust Holdings Inc. (0.28%), Austin Private Wealth LLC and Bank Pictet & Cie Asia Ltd.. Insiders that own company stock include Elon Musk, Kimbal Musk, Zachary Kirkhorn, Vaibhav Taneja, Xiaotong Zhu, Andrew D Baglino, Robyn M Denholm, Kathleen Wilson-Thompson and Ira Matthew Ehrenpreis.
View institutional ownership trends
.

How do I buy shares of Tesla?

Shares of TSLA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tesla own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tesla investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU) and Boeing (BA).

This page (NASDAQ:TSLA) was last updated on 7/24/2024 by MarketBeat.com Staff

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