There is little time left for Tesla Inc (TSLA) to reach its 1-year target estimate. How soon will it surpass it?

Tesla Inc (NASDAQ:TSLA) shares traded 4.22% higher at $223.71 on Wall Street last session.

In accordance with the data, 47 analysts cover Tesla Inc (NASDAQ:TSLA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $380.00 and a low of $53.00, we find $255.00. Given the previous closing price of $214.65, this indicates a potential upside of 18.8 percent. TSLA stock price is now -7.43% away from the 50-day moving average and 1.28% away from the 200-day moving average. The market capitalization of the company currently stands at $711.16B.

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It has been rated a hold by 19 analysts and a buy by 16. Brokers who have rated the stock have averaged $239.38 as their price target over the next twelve months.

With the price target of $146, HSBC Securities recently initiated with Reduce rating for Tesla Inc (NASDAQ: TSLA).

In other news, Baglino Andrew D, SVP Powertrain and Energy Eng. sold 10,500 shares of the company’s stock on Oct 27. The stock was sold for $2,212,035 at an average price of $210.67. Upon completion of the transaction, the SVP Powertrain and Energy Eng. now directly owns 68,102 shares in the company, valued at $15.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 06, Chief Financial Officer Taneja Vaibhav sold 4,000 shares of the business’s stock. A total of $1,015,920 was realized by selling the stock at an average price of $253.98. This leaves the insider owning 104,716 shares of the company worth $23.43 million. Insiders disposed of 34,547,124 shares of company stock worth roughly $7.73 billion over the past 1 year. A total of 13.05% of the company’s stock is owned by insiders.

Tesla Inc (NASDAQ: TSLA) opened at $215.60 on Monday. During the past 12 months, Tesla Inc has had a low of $101.81 and a high of $299.29. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.69, and a quick ratio of 1.18. According to the stock market information, the enterprise value for the company is $664.47B, which is based on a 72.04 price-to-earnings ratio, a 19.84 price-to-earnings-growth ratio, and a beta of 2.26. The fifty day moving average price for TSLA is $241.67 and a two-hundred day moving average price translates $220.87 for the stock.

The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for Sep, 2023. According to the Auto Manufacturers Company, earnings per share came in at $0.66, missing analysts’ expectations of $0.72 by -0.06. This compares to $0.96 EPS in the same period last year. The net profit margin was 11.25% and return on equity was 23.13% for TSLA. The company reported revenue of $23.35 billion for the quarter, compared to $21.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.84 percent. For the current quarter, analysts expect TSLA to generate $25.3B 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.

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