Tesla is a global electric car maker and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs and produces electric vehicles and energy generation and storage products, including solar panels and at-home charging stations. Its network of 45,000+ Superchargers is the largest network of fast-chargers in the US.
Co-founded and led by billionaire Elon Musk, Tesla is currently the most valuable car brand worldwide. In addition to its lineup of sedans and SUVs, Tesla's future vehicle models include the Tesla Cybertruck, Tesla's version of a pickup truck, and its upcoming fully electric semi truck, dubbed Tesla Semi. Tesla (TSLA) stock launched on the NASDAQ in 2010 and its share price has since experienced massive growth.
April 24, 2024: Tesla stock got a small boost in terms of share price after Elon Musk reported plans to start production on an affordable EV model in early 2025. In its earnings report, Tesla missed out on profit expectations with an earnings per share (EPS) of $0.45 ($0.51 expected) and also on revenue, which hit $21.3 billion ($22.15 expected).
April 23, 2024: Tesla shares are down by over 7% this past week but showing signs of a slight recovery ahead of its latest earnings report, where eagle-eyed investors will be looking for a concrete update on demand, guidance and a product roadmap.
April 16, 2024: Elon Musk has announced plans to cut around 14,000 jobs at Tesla due to a slowdown in sales for the first time in 4 years for the electric vehicle (EV) company. This will be the biggest round of layoffs in Tesla's history.
April 12, 2024: Wells Fargo analysts said in a note Friday that they expect Tesla to miss first-quarter expectations when it reports on April 23, according to Investing.com.
April 2, 2024: Tesla shares are tumbling 7% in premarket trading Tuesday after the company posted delivery figures that fell well short of Wall Street expectations, according to MarketWatch.
March 28, 2024: Wedbush analyst Daniel Ives maintained an Outperform rating on Tesla, with an updated price target of $300 (down from $315), according to Benzinga.
Musk said on the latest earnings call that the company plans to start production of new models in “early 2025, if not late this year,” after previously expecting to begin in the second half of 2025. Musk also touted Tesla’s investments in artificial intelligence infrastructure, and said the company is in talks with “one major automaker” to license its driver assistance system, which is marketed in the U.S. as the Full Self-Driving, or FSD, option.
In its shareholder deck, Tesla reiterated a pessimistic outlook for 2024, telling investors that “volume growth rate may be notably lower than the growth rate achieved in 2023.”
The company said it’s accelerating the launch of “new vehicles, including more affordable models,” that will “be able to be produced on the same manufacturing lines” as Tesla’s current lineup. Tesla is aiming to “fully utilize” its current production capacity and to achieve “more than 50% growth over 2023 production” before investing in new manufacturing lines.
Also in the deck, Tesla showed off screens of a robotaxi-based ride-hailing service. The company has been promising a self-driving vehicle for years without delivering on Musk’s promise.
according to Yahoo Finance.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Tesla's shares have ranged in value from as little as $138.8025 up to $299.29. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Tesla's is 2.441. This would suggest that Tesla's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $170.18
| 1 week (2024-04-19) | 15.73% |
|---|---|
| 1 month (2024-03-26) | -4.22% |
| 3 months (2024-01-26) | -7.13% |
| 6 months (2023-10-26) | -17.29% |
| 1 year (2023-04-26) | 10.69% |
| 2 years (2022-04-26) | -80.58% |
| 3 years (2021-04-26) | -76.95% |
| 5 years (2019-04-26) | -27.63% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Tesla P/E ratio, PEG ratio and EBITDA
Tesla's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 41x. In other words, Tesla stocks trade at around 41x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 10, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Tesla's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.6327. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tesla's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Tesla's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $12.3 billion.
The EBITDA is a measure of a Tesla's overall financial performance and is widely used to measure a its profitability.
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