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NASDAQ:TSLA

Tesla (TSLA) Stock Forecast, Price & News

$244.88

-10.82 (-4.23%)

(As of 09/22/2023 ET)

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Today's Range: $244.48
▼
$257.79
50-Day Range: $215.49
▼
$293.34
52-Week Range: $101.81
▼
$299.29

Volume: 127.52 million shs
Average Volume: 115.17 million shs
Market Capitalization: $777.25 billion

P/E Ratio: 69.37
Dividend Yield: N/A
Price Target: $239.43

Tesla MarketRank™ Forecast

Analyst Rating: Hold
2.19 Rating Score
Upside/Downside: 2.2% Downside
$239.43 Price Target
Short Interest: Healthy
2.59% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.51
Upright™ Environmental Score
News Sentiment: 0.24
Based on 127 Articles This Week
Insider Trading: Selling Shares
$14.38 M Sold Last Quarter
Proj. Earnings Growth: 40.82%
From $2.94 to $4.14 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Auto/Tires/Trucks Sector

30th out of 96 stocks

Motor Vehicles & Car Bodies Industry

8th out of 30 stocks

2.1

Analyst's Opinion

Consensus Rating
Tesla has received a consensus rating of Hold. The company's average rating score is 2.19, and is based on 13 buy ratings, 17 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $239.43, Tesla has a forecasted downside of 2.2% from its current price of $244.88.
Amount of Analyst Coverage
Tesla has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.59% of the outstanding shares of Tesla have been sold short.
Short Interest Ratio / Days to Cover
Tesla has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tesla has recently increased by 0.40%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Tesla does not currently pay a dividend.
Dividend Growth
Tesla does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Tesla has received a 42.72% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electric passenger cars", "Lithium-ion battery energy storages", and "Solar panels" products. See details.
Environmental Sustainability
The Environmental Impact score for Tesla is -0.51.

2.4

News and Social Media Coverage

News Sentiment
Tesla has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 127 news articles for Tesla this week, compared to 98 articles on an average week.
Search Interest
Only 566 people have searched for TSLA on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
MarketBeat Follows
434 people have added Tesla to their MarketBeat watchlist in the last 30 days. This is an increase of 51% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tesla insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,384,135.00 in company stock.
Percentage Held by Insiders
25.10% of the stock of Tesla is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
41.87% of the stock of Tesla is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Tesla are expected to grow by 40.82% in the coming year, from $2.94 to $4.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tesla is 69.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tesla is 69.37, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.94.
Price to Earnings Growth Ratio
Tesla has a PEG Ratio of 3.82. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tesla has a P/B Ratio of 17.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tesla (NASDAQ:TSLA) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

TSLA Stock News Headlines

September 22, 2023 | marketbeat.com

Auto Worker Stikes Have Sparked A Preference For Part Makers (TSLA)

UAW protests have opened up the way for this alternative industry to shine, research points to these three stocks being where markets are placing their bets

September 20, 2023 | marketbeat.com

8 Best Artificial Intelligence Stocks Under $10 (TSLA)

If you want to get in on artificial intelligence (AI) but don’t want to spend a lot, why not consider artificial intelligence stocks under $10? Learn more.

September 24, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.

September 20, 2023 | marketbeat.com

Why Auto Parts Retailers Are Heading in Different Directions (TSLA)

There are many factors affecting stock performance for U.S. auto parts retailers - and some are dealing with these factors better than others

September 18, 2023 | marketbeat.com

Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey

Turkish President Recep Tayyip Erdogan has called on Elon Musk, the head of electric carmaker Tesla, to establish a factory in Turkey

September 16, 2023 | marketbeat.com

MarketBeat Week in Review – 9/11 - 9/15 (TSLA)

Markets continue to trade in a defined range, and some analysts believe something has to change; that may come next week after the Fed meeting

September 14, 2023 | marketbeat.com

Afraid to Chase Tesla? Here Are the 3 Best Alternative EV Stocks

There’s a lot more to the EV market than just Tesla, and here are three alternatives that will give you that feeling of getting in at a discount.

September 13, 2023 | marketbeat.com

5 Best REIT Alternatives for Passive Real Estate Income (TSLA)

REITs can offer passive income opportunities for many investors, but what are some alternative investments for REITs? Learn more.

September 24, 2023 | Behind the Markets (Ad)

Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's

A small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>

September 11, 2023 | marketbeat.com

An Electrifying New Upgrade for Tesla Leads the Market Higher

Tesla gets an upgrade based on the new Dojo supercomputer and its potential to up-end the AI and computer vision industry.

September 11, 2023 | marketbeat.com

These are the Top 3 Sectors for 3rd Quarter Profit Growth (TSLA)

The Q3 earnings reporting is approaching quickly and the news will not all be good; These are the top sectors to watch for growth.

September 9, 2023 | marketbeat.com

MarketBeat Week in Review – 9/4 - 9/8 (TSLA)

This market continues to be filled with contradictions, but the MarketBeat team is here to help you find the opportunities that continue to exist

September 24, 2023 | fool.com

Bad News for Tesla Stock Investors

September 24, 2023 | fool.com

Down 11% In 1 Week, Is It Time to Buy Tesla Stock?

September 24, 2023 | americanbankingnews.com

Tesla (NASDAQ:TSLA) Stock Rating Reaffirmed by Barclays

September 23, 2023 | cnbc.com

Going beyond Tesla: ETF bets solely on electric vehicle makers

September 23, 2023 | markets.businessinsider.com

Tesla Stock: All Eyes on Q3 Deliveries Report — Here’s What Wall Street Expects

September 23, 2023 | msn.com

If I’d invested in Tesla shares at its IPO, here’s what I’d have now

September 22, 2023 | msn.com

Tesla's Crazily Controversial Stock Is Weakening. How Far It Could Fall.