Why Should Tesla Inc (TSLA) Be In Your Portfolio?

Tesla Inc (NASDAQ:TSLA) has a beta value of 2.31 and has seen 34.24 million shares traded in the recent trading session. The company, currently valued at $538.82B, closed the recent trade at $168.95 per share which meant it lost -$4.84 on the day or -2.78% during that session. The TSLA stock price is -77.15% off its 52-week high price of $299.29 and 17.85% above the 52-week low of $138.80. The 3-month trading volume is 90.33 million shares.

Tesla Inc (NASDAQ:TSLA) trade information

Sporting -2.78% in the red today, the stock has traded in the red over the last five days, when the TSLA stock price touched $168.95 or saw a rise of 6.0%. Year-to-date, Tesla Inc shares have moved -32.01%, while the 5-day performance has seen it change -3.33%. Over the past 30 days, the shares of Tesla Inc (NASDAQ:TSLA) have changed 0.28%.

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Tesla Inc (TSLA) estimates and forecasts

Figures show that Tesla Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -30.71% over the past 6 months, with this year growth rate of -20.83%, compared to 10.80% for the industry. Revenue growth from the last financial year stood is estimated to be 1.90%.

25 analysts offering their estimates for the company have set an average revenue estimate of 22.44B for the current quarter. 23 have an estimated revenue figure of 23.92B for the next ending quarter. Year-ago sales stood 23.13B and 22.09B respectively for this quarter and the next, and analysts expect sales will shrink by -3.00% for the current quarter and 1.90% for the next.

Earnings growth for 2024 is a modest -22.60% while over the next 5 years, the company’s earnings are expected to increase by 15.30%.

TSLA Dividends

Tesla Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.