In the last trading session, 66.53 million shares of the Tesla Inc (NASDAQ:TSLA) were traded, and its beta was 2.29. Most recently the company’s share price was $227.87, and it changed around $1.09 or 0.48% from the last close, which brings the market valuation of the company to $727.96B. TSLA currently trades at a discount to its 52-week high of $273.93, offering almost -20.21% off that amount. The share price’s 52-week low was $138.80, which indicates that the current value has risen by an impressive 39.09% since then. We note from Tesla Inc’s average daily trading volume that its 10-day average is 79.45 million shares, with the 3-month average coming to 96.14 million.
Tesla Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.62. 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.
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Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA has showed a green trend with a performance of 0.48% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 234.57 on recent trading dayincreased the stock’s daily price by 2.86%. The company’s shares are currently down -8.29% year-to-date, but still up 0.75% over the last five days. On the other hand, Tesla Inc (NASDAQ:TSLA) is 5.44% up in the 30-day period. We can see from the shorts that 78.7 million shares have been sold at a short interest cover period of 1.06 day(s).
The consensus price target as assigned by Wall Street analysts is $230, which translates to bulls needing to increase their stock price by 0.93% from its current value. Analyst projections state that TSLA is forecast to be at a low of $85 and a high of $600.
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 risen 31.11 percent over the past six months and at a -27.24% annual growth rate that is well below the industry average of -2.30%.
Tesla Inc earnings are expected to increase by -28.37% in 2024, but the outlook is positive 1.48% per year for the next five years.
TSLA Dividends
Tesla Inc’s next quarterly earnings report is expected to be released in October.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.00% of Tesla Inc shares, and 47.09% of them are in the hands of institutional investors. The stock currently has a share float of 54.13%. Tesla Inc stock is held by 3767.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.4584% of the shares, which is about 237.62 million shares worth $47.02 billion.
BLACKROCK INC., with 5.9662% or 190.08 million shares worth $37.61 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
