Stocks of Tesla Inc. (NASDAQ:TSLA) traded higher last session on Wall Street, up 7.33% to $231.28.
According to the data, Tesla Inc. (NASDAQ:TSLA) has 43 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $350.00 and a low of $85.00, we find $275.05. Given the previous closing price of $215.49, this indicates a potential upside of 27.64 percent. TSLA stock price is now -10.67% away from the 50-day moving average and 17.69% away from the 200-day moving average. The market capitalization of the company currently stands at $746.79B.
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A total of 20 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $253.41 as their price target over the next twelve months.
With the price target enhanced from $220 to $270, UBS Downgraded its rating from Buy to Neutral for Tesla Inc. (NASDAQ: TSLA).
In other news, Taneja Vaibhav, CFO and CAO sold 4,000 shares of the company’s stock on Aug 04. The stock was sold for $1,044,000 at an average price of $261.00. Upon completion of the transaction, the CFO and CAO now directly owns 104,504 shares in the company, valued at $24.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 04, Chief Financial Officer Kirkhorn Zachary sold 3,750 shares of the business’s stock. A total of $978,750 was realized by selling the stock at an average price of $261.00. This leaves the insider owning 193,790 shares of the company worth $44.82 million. Insiders disposed of 63,990,876 shares of company stock worth roughly $14.8 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 UNISUPER MANAGEMENT PTY LTD during the first quarter worth $221,537,000. MENORA MIVTACHIM HOLDINGS LTD. invested $177,311,000 in shares of TSLA during the first quarter. In the first quarter, CONTRARIUS INVESTMENT MANAGEMENT LTD acquired a new stake in Tesla Inc. valued at approximately $125,516,000. QUADRATURE CAPITAL LTD acquired a new stake in TSLA for approximately $99,948,000. CAPITAL FUND MANAGEMENT S.A. purchased a new stake in TSLA valued at around $47,645,000 in the second quarter. In total, there are 3,506 active investors with 44.80% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $221.55 for Tesla Inc. (NASDAQ: TSLA). During the past 12 months, Tesla Inc. has had a low of $101.81 and a high of $313.80. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.60, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $716.82B, which is based on a 65.65 price-to-earnings ratio, a 6.15 price-to-earnings-growth ratio, and a beta of 2.13. The fifty day moving average price for TSLA is $258.92 and a two-hundred day moving average price translates $196.52 for the stock.
The latest earnings results from Tesla Inc. (NASDAQ: TSLA) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.76 by 0.08. This compares to $0.66 EPS in the same period last year. The net profit margin was 13.00% and return on equity was 26.60% for TSLA. The company reported revenue of $24.93 billion for the quarter, compared to $16.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.2 percent. For the current quarter, analysts expect TSLA to generate $22.69B 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.
