Future Outlook And Stock Price Performance For Tesla Inc (NASDAQ: TSLA)

In the last trading session, 106.61 million shares of the Tesla Inc (NASDAQ:TSLA) were traded, and its beta was 2.47. Most recently the company’s share price was $142.05, and it changed around -$5.0 or -3.40% from the last close, which brings the market valuation of the company to $452.99B. TSLA currently trades at a discount to its 52-week high of $299.29, offering almost -110.69% off that amount. The share price’s 52-week low was $146.22, which indicates that the current value has fallen by an impressive -2.94% since then. We note from Tesla Inc’s average daily trading volume that its 3-month average coming to 101.16 million.

Tesla Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.79. If we narrow it down even further, the data shows that 6 out of 23 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 8 recommended TSLA as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Tesla Inc is expected to report earnings per share of $0.51 for the current quarter.

Tesla Inc (NASDAQ:TSLA) trade information

Instantly TSLA has showed a red trend with a performance of -3.40% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -42.83% year-to-date, but still down -12.03% over the last five days. On the other hand, Tesla Inc (NASDAQ:TSLA) is -17.80% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $239.01, which translates to bulls needing to increase their stock price by 40.57% from its current value. Analyst projections state that TSLA is forecast to be at a low of $85 and a high of $526.6666666666666.

Tesla Inc (TSLA) estimates and forecasts

Tesla Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.46 percent over the past six months and at a -18.91% annual growth rate that is well below the industry average of 10.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -40.00% in revenue this quarter, and will report a decrease of -29.70% in the next quarter. The year-over-year growth rate is expected to be 6.10%, up from the previous year.

Consensus estimates provided by 24 financial analysts predict the company will bring in an average of $22.34 billion in revenue for the current quarter. 24 analysts expect Tesla Inc to make $25.26 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were -$ and $24.93 billion respectively. Forecasts for the next quarter put sales growth at 1.30%.

Tesla Inc earnings are expected to increase by -14.84% in 2024, but the outlook is positive 15.30% per year for the next five years.