Tesla (TSLA) Stock Price, News & Analysis

Company Overview

Tesla, Inc. is the world's leading manufacturer of electric vehicles. With more than 26% of the market share in 2022, the company's leadership position is all but assured for the coming decade if not longer. While specifically an EV manufacturer, however, the company is also engaged in many related and unrelated ventures that could produce significant results for shareholders.

Tesla, Inc. was first incorporated in 2003 in California as Tesla Motors, Inc but later changed its name. Founded by Martin Eberhard and Marc Terpening, Elon Musk became the company's largest shareholder in 2006 and then its CEO in 2008. Tesla went public via IPO in 2010 making it the first American automobile company to do so since Ford back in 1956. The company reached a half million in annual vehicle sales in 2020 and crossed over the 1 million mark in 2022.

Under Musk's guidance, the company was reborn and moved away from the high-end sports-car segment and into a line of cars geared toward a larger audience. The first model, the Roadster, was soon eclipsed by the Model S which is the top-selling plug-in EV car to this day. Follow-on models include the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020.

Tesla, Inc.'s name change came in 2017 shortly after then and current CEO Elon Musk agreed to acquire SolarCity and expand the company's product line. Tesla is now headquartered in Austin, Texas, and operates global manufacturing capacity through a network of Gigafactories. The company has 5 Gigafactories in key locations around the world with a 6th planned. The Gigafactories are noteworthy for multiple reasons including their size, end-to-end production capability, and non-reliance on grid-supplied power.

Tesla's automobile segment designs, develops, manufactures, leases, and sells electric vehicles in the U.S., Europe, Asia, and internationally. This segment offers a line of luxury Ev s equipped with industry-leading features. The company also generates revenue by selling excess EV credits to the business at large. The Energy Generation and Storage segment designs, manufactures, sells, and installs, solar energy generation and energy storage products for residential, commercial, and industrial customers as well as electric utilities.

One of Tesla's related products is the Tesla Powerwall and Tesla Powerpack battery packs. The Powerwall and Powerpack are stationary lithium-ion battery packs for home or industrial use. The power packs can store solar or other green-generated powers for later use or backup power in emergency situations. This segment of the business was merged with Solarcity to form the Energy Generation and Storage segment. Among the many technologies worked on by the company are self-driving/autonomous vehicles, AI, and glass along with EV motors and batteries.

Written by Jeffrey Neal Johnson

Key Stats

• Today's Range: $232.13 to $241.93
• 50-Day Range: $191.76 to $256.56
• 52-Week Range: $138.80 to $273.93
• Volume: 44.91 million shs
• Average Volume: 96.02 million shs
• Market Capitalization: $771.25 billion
• P/E Ratio: 61.59
• Dividend Yield: N/A
• Price Target: $209.60
• Consensus Rating: Hold

Tesla Stock Analysis - MarketRank™

Tesla scored higher than 89% of companies evaluated by MarketBeat, and ranked 18th out of 89 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Tesla has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 13 buy ratings, 17 hold ratings, and 8 sell ratings.

Amount of Analyst Coverage

Tesla has been the subject of 28 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 44.00%

Earnings Growth

Earnings for Tesla are expected to grow by 44.00% in the coming year, from $1.75 to $2.52 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tesla is 57.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.64.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tesla is 57.96, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 10.61.

Price to Earnings Growth Ratio

Tesla has a PEG Ratio of 6.00. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Tesla has a P/B Ratio of 11.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.46% of the outstanding shares of Tesla have been sold short.

Short Interest Ratio / Days to Cover

Tesla has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tesla has recently decreased by 3.99%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tesla does not currently pay a dividend.

Dividend Growth

Tesla does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.51

Percentage of Shares Shorted

2.46% of the outstanding shares of Tesla have been sold short.

Short Interest Ratio / Days to Cover

Tesla has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tesla has recently decreased by 3.99%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.46

News Sentiment

Tesla has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 81 news articles for Tesla this week, compared to 136 articles on an average week.

Search Interest

Only 462 people have searched for TSLA on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

MarketBeat Follows

Only 102 people have added Tesla to their MarketBeat watchlist in the last 30 days. This is a decrease of -37% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Tesla insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,663,291.00 in company stock.

Percentage Held by Insiders

25.10% of the stock of Tesla is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

66.20% of the stock of Tesla is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TSLA Stock Analysis - Frequently Asked Questions

How have TSLA shares performed this year?

Tesla's stock was trading at $248.48 on January 1st, 2024. Since then, TSLA stock has decreased by 8.6% and is now trading at $227.20.
View the best growth stocks for 2024 here.

How were Tesla's earnings last quarter?

Tesla, Inc. (NASDAQ:TSLA) issued its quarterly earnings data on Tuesday, July, 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by $0.10. The company's revenue for the quarter was up 2.3% on a year-over-year basis.
Read the conference call transcript.

When did Tesla's stock split?

Tesla's stock split on Thursday, August 25th 2022. The 3-1 split was announced on Thursday, August 25th 2022. The newly created shares were distributed to shareholders after the closing bell on Thursday, August 25th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Does Tesla have any subsidiaries?

The following companies are subsidiaries of Tesla: Springpower, ATW Automation, Hibar Systems, DeepScale, Maxwell Technologies, Perbix, Grohmann Engineering, and others.

Who are Tesla's major shareholders?

Top institutional shareholders of Tesla include Susquehanna International Group LLP, Legal & General Group Plc (0.70%), Bank of New York Mellon Corp (0.56%) and Baillie Gifford & Co. (0.45%). Insiders that own company stock include Elon Musk, Kimbal Musk, Zachary Kirkhorn, Vaibhav Taneja, Robyn M Denholm, Xiaotong Zhu, Andrew D Baglino, Kathleen Wilson-Thompson and Ira Matthew Ehrenpreis.
View institutional ownership trends.

How do I buy shares of Tesla?

Shares of TSLA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tesla own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tesla investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU) and Boeing (BA).

Company Calendar

• Last Earnings: 7/23/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 10/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobile Manufacturers
• Current Symbol: NASDAQ:TSLA
• CUSIP: 88160R10
• CIK: 1318605
• Web: www.tesla.com
• Phone: (512) 516-8177
• Fax: 302-655-5049
• Employees: 140,473
• Year Founded: 2003

Price Target and Rating

• Average Stock Price Target: $209.60
• High Stock Price Target: $310.00
• Low Stock Price Target: $24.86
• Potential Upside/Downside: -7.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 38 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.92
• Trailing P/E Ratio: 57.96
• Forward P/E Ratio: 129.83
• P/E Growth: 6
• Net Income: $15.00 billion
• Net Margins: 13.00%
• Pretax Margin: 8.05%
• Return on Equity: 10.41%
• Return on Assets: 6.15%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 1.91
• Quick Ratio: 1.40

Sales & Book Value

• Annual Sales: $96.77 billion
• Price / Sales: 7.50
• Cash Flow: $4.32 per share
• Price / Cash Flow: 52.57
• Book Value: $19.90 per share
• Price / Book: 11.42

Miscellaneous

• Outstanding Shares: 3,194,640,000
• Free Float: 2,388,708,000
• Market Cap: $725.82 billion
• Optionable: Optionable
• Beta: 2.29