Tesla, Inc. (TSLA) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Tesla, Inc. (TSLA) stands as a leader in the electric vehicle and energy solutions sector, encompassing a wide range of products and services designed to promote sustainability. Founded in 2003 and headquartered in Austin, Texas, Tesla operates within the auto manufacturers industry and the consumer cyclical sector. Its product offerings include electric vehicles, energy generation systems, solar solutions, and automotive regulatory credits, all geared towards fostering innovation and environmental responsibility. Current industry assessments suggest a “hold” recommendation for investors, reflecting a cautious yet optimistic market outlook.
Stock Performance and Market Sentiment
As of now, Tesla’s stock is priced at $238.25, with analysts projecting a target high of $310.00 and a target mean price of $211.31. These figures indicate potential for growth, although some near-term consolidation may be anticipated, given the market’s dynamics. Holding approximately 3.19 billion shares outstanding, Tesla’s short interest comprises about 2.83%, with 78.7 million shares reported as short, signaling an overall optimistic sentiment among investors regarding its stock performance. Moreover, Tesla has demonstrated significant volatility over the past year, with a 52-week high of $271.00 and a low of $138.80. This volatility, combined with its position above the fifty-day moving average of $221.98, hints at a potential bullish trend for the stock.
Financial Health and Future Projections
Tesla’s total revenue has soared to approximately $95.3 billion, showcasing its formidable market presence and revenue-generating capability. While detailed figures on EBITDA remain unavailable, the robust revenue underscores the company’s potential attractiveness for future investments. The consensus among 44 analysts stands firm at a “hold” rating, signifying a prudent approach amid a landscape rich with both risk and opportunity. The stark contrast between the target high and low prices—$310.00 and $24.86, respectively—highlights the inherent risks involved in trading TSLA shares, reinforcing the necessity for careful consideration of the stock’s overall performance and analysts’ recommendations.
| Metric | Value |
|---|---|
| Market Cap | $761.1b |
| Total Debt | $12.5b |
| Total Cash | $30.7b |
| Shares Outstanding | 3.2b |
| Float Shares | 2.8b |
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