Tesla Inc (NASDAQ:TSLA) shares traded 0.15% higher at $389.79 on Wall Street last session.
TSLA stock price is now 35.98% away from the 50-day moving average and 77.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1318.06B.
With the price target enhanced from $85 to $380, ROTH MKM Upgraded its rating from Neutral to Buy for Tesla Inc (NASDAQ: TSLA). On October 24, 2024, Wells Fargo reiterated its ‘Underweight’ rating on the stock by increasing its target price from $120 to quote $125, while ‘Truist’ rates the stock as ‘Hold’
In other news, Taneja Vaibhav, Chief Financial Officer sold 2,606 shares of the company’s stock on Dec 06 ’24. The stock was sold for $975,015 at an average price of $374.21. Upon completion of the transaction, the Chief Financial Officer now directly owns 108,965 shares in the company, valued at $42.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Director Wilson-Thompson Kathleen sold 100,000 shares of the business’s stock. A total of $35,253,875 was realized by selling the stock at an average price of $352.54. This leaves the insider owning 5,400 shares of the company worth $2.1 million. A total of 12.92% of the company’s stock is owned by insiders.
During the past 12 months, Tesla Inc has had a low of $138.80 and a high of $389.49. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.84, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $1231163097088, which is based on a 106.78 price-to-earnings ratio, a 106.25 price-to-earnings-growth ratio, and a beta of 2.34. The fifty day moving average price for TSLA is $284.0716 and a two-hundred day moving average price translates $219.02675 for the stock.
The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for 2024-09-30. The net profit margin was 13.12% and return on equity was 20.65% for TSLA. The company reported revenue of $25.18 billion for the quarter, compared to $23.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.85 percent.
