In today’s recent session, 16.09 million shares of the Tesla Inc (NASDAQ:TSLA) have been traded, and its beta is 2.47. Most recently the company’s share price was $344.90, and it changed around -$5.83 or -1.66% from the last close, which brings the market valuation of the company to $1109.38B. TSLA at last check was trading at a discount to its 52-week high of $488.54, offering almost -41.65% off that amount. The share price’s 52-week low was $138.80, which indicates that the recent value has risen by an impressive 59.76% since then. We note from Tesla Inc’s average daily trading volume that its 10-day average is 73.17 million shares, with the 3-month average coming to 86.19 million.
Tesla Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.68. If we narrow it down even further, the data shows that 9 out of 47 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 15 recommended TSLA as a Hold, whereas 12 deemed it a Buy, and 4 rated it as Underweight.
Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA has been showing red trend so far today with a performance of -1.66% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 388.39 on recent trading dayincreased the stock’s daily price by 11.2%. The company’s shares are currently down -14.59% year-to-date, but still down -12.06% over the last five days. On the other hand, Tesla Inc (NASDAQ:TSLA) is -12.63% down in the 30-day period. We can see from the shorts that 63.25 million shares have been sold at a short interest cover period of 0.7 day(s).
The consensus price target as assigned by Wall Street analysts is $270, which translates to bulls needing to decrease their stock price by -27.74% from its current value. Analyst projections state that TSLA is forecast to be at a low of $88 and a high of $550.
Tesla Inc (TSLA) estimates and forecasts
Tesla Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 72.45 percent over the past six months and at a 21.90% annual growth rate that is well above the industry average of -3.40%.
Tesla Inc earnings are expected to increase by 21.63% in 2025, but the outlook is positive 27.20% per year for the next five years.
TSLA Dividends
Tesla Inc’s next quarterly earnings report is expected to be released in March.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.91% of Tesla Inc shares, and 47.74% of them are in the hands of institutional investors. The stock currently has a share float of 54.82%. Tesla Inc stock is held by 4218.0 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 Sep 30, 2024 . The former held 86.08 shares worth $29.55 billion, making up 2.68% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 72.67 shares worth around $24.95 billion, which represents about 2.26% of the total shares outstanding.
