In yesterday’s Wall Street session, Tesla Inc. (NASDAQ:TSLA) shares traded at $173.86, up 4.41% from the previous session.
47 analysts cover Tesla Inc. (NASDAQ:TSLA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $300.00 and a low of $71.00, we find $187.40. Given the previous closing price of $166.52, this indicates a potential upside of 12.54 percent. TSLA stock price is now -2.43% away from the 50-day moving average and -15.08% away from the 200-day moving average. The market capitalization of the company currently stands at $564.50B.
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The stock has received a hold rating from 18 analysts and a buy rating from 19. Brokers who have rated the stock have averaged $190.50 as their price target over the next twelve months.
With the price target reduced from $230 to $185, Jefferies Downgraded its rating from Buy to Hold for Tesla Inc. (NASDAQ: TSLA). On April 24, 2023, Daiwa Securities reiterated its ‘Outperform’ rating on the stock by increasing its target price from $218 to quote $185, while ‘Truist’ rates the stock as ‘Hold’.
In other news, Kirkhorn Zachary, Chief Financial Officer sold 3,751 shares of the company’s stock on May 04. The stock was sold for $610,247 at an average price of $162.70. Upon completion of the transaction, the Chief Financial Officer now directly owns 195,572 shares in the company, valued at $34.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 27, SVP Powertrain and Energy Eng. Baglino Andrew D sold 10,500 shares of the business’s stock. A total of $1,600,620 was realized by selling the stock at an average price of $152.44. This leaves the insider owning 65,547 shares of the company worth $11.4 million. Insiders disposed of 73,913,280 shares of company stock worth roughly $12.85 billion over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSLA stock. A new stake in Tesla Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $13,053,009,000. WINSLOW CAPITAL MANAGEMENT, LLC invested $172,603,000 in shares of TSLA during the first quarter. In the first quarter, CONGRESS ASSET MANAGEMENT CO /MA acquired a new stake in Tesla Inc. valued at approximately $68,926,000. ZURICH INSURANCE GROUP LTD/FI acquired a new stake in TSLA for approximately $60,277,000. SCGE MANAGEMENT, L.P. purchased a new stake in TSLA valued at around $50,419,000 in the second quarter. In total, there are 3,307 active investors with 44.80% ownership of the company’s stock.
On Wednesday morning Tesla Inc. (NASDAQ: TSLA) stock kicked off with the opening price of $168.41. During the past 12 months, Tesla Inc. has had a low of $101.81 and a high of $314.67. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.60, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $490.89B, which is based on a 51.18 price-to-earnings ratio, a 4.80 price-to-earnings-growth ratio, and a beta of 2.01. The fifty day moving average price for TSLA is $177.91 and a two-hundred day moving average price translates $204.12 for the stock.
The latest earnings results from Tesla Inc. (NASDAQ: TSLA) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at $0.85, inline with analysts’ expectations of $0.85. This compares to $0.94 EPS in the same period last year. The net profit margin was 13.70% and return on equity was 27.90% for TSLA. The company reported revenue of $23.33 billion for the quarter, compared to $18.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.38 percent. For the current quarter, analysts expect TSLA to generate $24.01B in revenue.
Tesla Inc.(TSLA) Company Profile
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
