Tesla Inc [NASDAQ: TSLA] closed the trading session at $164.90. The company report on April 2, 2024 at 9:04 AM that Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2024.
In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet.
Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin.
The stocks have a year to date performance of -33.64 percent and weekly performance of -6.19 percent. The stock has been moved at -36.86 percent over the last six months. The stock has performed -6.59 percent around the most recent 30 days and changed -30.69 percent over the most recent 3-months.
If compared to the average trading volume of 102.26M shares, TSLA reached to a volume of 137303748 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $197.12 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 2.80. 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.
Morgan Stanley have made an estimate for Tesla Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 04, 2024. While these analysts kept the previous recommendation, Truist dropped their target price from $193 to $176. The new note on the price target was released on April 03, 2024, representing the official price target for Tesla Inc stock. Previously, the target price had yet another drop from $300 to $280, while Robert W. Baird kept a Outperform rating on TSLA stock. On April 03, 2024, analysts decreased their price target for TSLA shares from 130 to 115.
The Average True Range (ATR) for Tesla Inc is set at 7.95, with the Price to Sales ratio for TSLA stock in the period of the last 12 months amounting to 5.43. The Price to Book ratio for the last quarter was 8.39, with the Price to Cash per share for the same quarter was set at 9.31. Price to Free Cash Flow for TSLA in the course of the last twelve months was 120.54 with Quick ratio for the last quarter at 1.25.
TSLA stock trade performance evaluation
Tesla Inc [TSLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.19. With this latest performance, TSLA shares dropped by -6.59% in over the last four-week period, additionally sinking by -36.86% over the last 6 months – not to mention a drop of -14.37% 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 38.23, with the RSI for the last a single of trading hit 36.57, and the three-weeks RSI is set at 38.91 for Tesla Inc [TSLA]. The present Moving Average for the last 50 days of trading for this stock 183.22, while it was recorded at 169.25 for the last single week of trading, and 229.84 for the last 200 days.
Tesla Inc [TSLA]: An insightful look at the core fundamentals
Tesla Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.73.
Earnings per share (EPS) analysis for Tesla Inc [TSLA] stock
With the latest financial reports released by the company, Tesla Inc posted 0.85/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. 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 15.30%.
Tesla Inc [TSLA]: Institutional Ownership
The top three institutional holders of TSLA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TSLA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TSLA stock with ownership which is approximately 5.8386%.
