In the last trading session, 56.05 million shares of the Tesla Inc (NASDAQ:TSLA) were traded, and its beta was 2.30. Most recently the company’s share price was $244.50, and it changed around $3.67 or 1.52% from the last close, which brings the market valuation of the company to $781.09B. TSLA currently trades at a discount to its 52-week high of $271.00, offering almost -10.84% off that amount. The share price’s 52-week low was $138.80, which indicates that the current value has risen by an impressive 43.23% since then. We note from Tesla Inc’s average daily trading volume that its 10-day average is 75.68 million shares, with the 3-month average coming to 91.26 million.
Tesla Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.66. 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 0.57 for the current quarter.
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Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA has showed a green trend with a performance of 1.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 251.16 on recent trading dayincreased the stock’s daily price by 2.65%. The company’s shares are currently down -1.60% year-to-date, but still down -5.24% over the last five days. On the other hand, Tesla Inc (NASDAQ:TSLA) is 13.05% up in the 30-day period. We can see from the shorts that 77.22 million shares have been sold at a short interest cover period of 1.0 day(s).
The consensus price target as assigned by Wall Street analysts is $240.5, which translates to bulls needing to decrease their stock price by -1.66% 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 38.23 percent over the past six months and at a -27.88% annual growth rate that is well below the industry average of -3.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -13.60% in revenue this quarter, and will report a decrease of -12.70% in the next quarter. The year-over-year growth rate is expected to be 2.20%, up from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of 25.26B in revenue for the current quarter. 24 analysts expect Tesla Inc to make 26.84B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 22.09B and 25.17B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.30%. Forecasts for the next quarter put sales growth at 6.70%.
Tesla Inc earnings are expected to increase by -29.07% in 2024, but the outlook is positive 15.00% per year for the next five years.
TSLA Dividends
Tesla Inc’s next quarterly earnings report is expected to be released on 2024-Oct-23.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.00% of Tesla Inc shares, and 47.08% of them are in the hands of institutional investors. The stock currently has a share float of 54.11%. Tesla Inc stock is held by 3745.0 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.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 85.65 shares worth $20.94 billion, making up 2.68% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 71.21 shares worth around $17.41 billion, which represents about 2.23% of the total shares outstanding.
