In the latest trading session, 33.06 million Tesla Inc (NASDAQ:TSLA) shares changed hands as the company’s beta touched 2.50. With the company’s most recent per share price at $298.38 changed hands at -$4.42 or -1.46% at last look, the market valuation stands at $959.74B. TSLA’s current price is a discount, trading about -63.73% off its 52-week high of $488.54. The share price had its 52-week low at $138.80, which suggests the last value was 53.48% up since then.
Analysts gave the Tesla Inc (TSLA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.61. If we narrow down to specifics, the data shows that 4 out of 38 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 11 recommended TSLA as a Hold, 23 felt it is a Buy and 0 rated the stock as Underweight. Tesla Inc’s EPS for the current quarter is expected to be 0.52.
Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA was in red as seen in intraday trades today. With action -17.25%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -26.11%, with the 5-day performance at -17.25% in the red. However, in the 30-day time frame, Tesla Inc (NASDAQ:TSLA) is -24.87% down.
The consensus price target for the stock as assigned by Wall Street analysts is 272.5, meaning bulls need a downside of -9.5% from its recent market value. According to analyst projections, TSLA’s forecast low is 88 with 411 as the target high. To hit the forecast high, the stock’s price needs a -37.74% plunge from its current level, while the stock would need to tank 70.51% for it to hit the projected low.
Tesla Inc (TSLA) estimates and forecasts
Year-over-year growth is forecast to reach 14.74% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 23.97B. 22 analysts are of the opinion that Tesla Inc’s revenue for the current quarter will be 27.28B. The company’s revenue for the corresponding quarters a year ago was 21.3B and 25.5B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.54%. The estimates for the next quarter sales put growth at 7.00%. The 2025 estimates are for Tesla Inc earnings to increase by 19.85%, but the outlook for the next 5-year period is at 27.09% per year.
Tesla Inc (NASDAQ:TSLA)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9662% or 190.08 million shares worth $37.61 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 86.08 shares estimated at $25.88 billion under it, the former controlled 2.68% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.26% of the shares, roughly 72.67 shares worth around $21.85 billion.
