Market cap of Tesla Inc. [TSLA] reaches 838.20B – now what?

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Tesla Inc. [NASDAQ: TSLA] gained 3.21% on the last trading session, reaching $870.11 price per share at the time. The company report on October 8, 2021 that Tesla Announces Date for Third Quarter 2021 Financial Results and Webcast.

Tesla will post its financial results for the third quarter of 2021 after market close on Wednesday, October 20, 2021. At that time, Tesla will issue a brief advisory containing a link to the Q3 2021 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.


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What: Date of Tesla Q3 2021 Financial Results and Q&A WebcastWhen: Wednesday, October 20, 2021Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern TimeQ3 2021 Update: http://ir.tesla.com Webcast: http://ir.tesla.com (live and replay).

Tesla Inc. represents 963.33 million in outstanding shares, while the company has a total market value of $838.20 billion with the latest information. TSLA stock price has been found in the range of $851.47 to $875.26.

If compared to the average trading volume of 18.48M shares, TSLA reached a trading volume of 23256090 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Tesla Inc. [TSLA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TSLA shares is $704.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TSLA stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for Tesla Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 08, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $745 to $755. The new note on the price target was released on October 04, 2021, representing the official price target for Tesla Inc. stock. Previously, the target price had yet another raise to $537, while Tudor Pickering Holt & Co. analysts kept a Sell rating on TSLA stock.

The Average True Range (ATR) for Tesla Inc. is set at 20.29, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 20.02. The Price to Book ratio for the last quarter was 34.07, with the Price to Cash per share for the same quarter was set at 16.85. Price to Free Cash Flow for TSLA in the course of the last twelve months was 91.78 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for TSLA stock

Tesla Inc. [TSLA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.87. With this latest performance, TSLA shares gained by 14.57% in over the last four-week period, additionally plugging by 21.02% over the last 6 months – not to mention a rise of 97.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TSLA stock in for the last two-week period is set at 81.20, with the RSI for the last a single of trading hit 87.63, and the three-weeks RSI is set at 75.98 for Tesla Inc. [TSLA]. The present Moving Average for the last 50 days of trading for this stock 748.87, while it was recorded at 829.65 for the last single week of trading, and 709.02 for the last 200 days.

Tesla Inc. [TSLA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Tesla Inc. [TSLA] shares currently have an operating margin of +6.32 and a Gross Margin at +21.02. Tesla Inc.’s Net Margin is presently recorded at +2.19.

Return on Total Capital for TSLA is now 6.67, given the latest momentum, and Return on Invested Capital for the company is 2.64. Return on Equity for this stock inclined to 4.78, with Return on Assets sitting at 1.60. When it comes to the capital structure of this company, Tesla Inc. [TSLA] has a Total Debt to Total Equity ratio set at 60.05. Additionally, TSLA Total Debt to Total Capital is recorded at 37.52, with Total Debt to Total Assets ending up at 25.59. Long-Term Debt to Equity for the company is recorded at 48.99, with the Long-Term Debt to Total Capital now at 30.61.

Reflecting on the efficiency of the workforce at the company, Tesla Inc. [TSLA] managed to generate an average of $9,752 per employee. Receivables Turnover for the company is 19.65 with a Total Asset Turnover recorded at a value of 0.73.Tesla Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.50.

Tesla Inc. [TSLA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TSLA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tesla Inc. go to 54.01%.

An analysis of insider ownership at Tesla Inc. [TSLA]

There are presently around $352,990 million, or 41.40% of TSLA stock, in the hands of institutional investors. The top three institutional holders of TSLA stocks are: VANGUARD GROUP INC with ownership of 58,931,414, which is approximately 0.571% of the company’s market cap and around 19.63% of the total institutional ownership; BLACKROCK INC., holding 50,452,309 shares of the stock with an approximate value of $43.9 billion in TSLA stocks shares; and CAPITAL WORLD INVESTORS, currently with $32.44 billion in TSLA stock with ownership of nearly -8.902% of the company’s market capitalization.

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Positions in Tesla Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,075 institutional holders increased their position in Tesla Inc. [NASDAQ:TSLA] by around 14,809,222 shares. Additionally, 840 investors decreased positions by around 14,421,793 shares, while 364 investors held positions by with 376,453,570 shares. The mentioned changes placed institutional holdings at 405,684,585 shares, according to the latest SEC report filing. TSLA stock had 170 new institutional investments in for a total of 2,552,623 shares, while 117 institutional investors sold positions of 919,765 shares during the same period.

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