In today’s recent session, 52.6 million shares of the Tesla Inc (NASDAQ:TSLA) have been traded, and its beta is 2.58. Most recently the company’s share price was $276.43, and it changed around -$1.96 or -0.70% from the last close, which brings the market valuation of the company to $889.14B. TSLA at last check was trading at a discount to its 52-week high of $488.54, offering almost -76.73% off that amount. The share price’s 52-week low was $138.80, which indicates that the recent value has risen by an impressive 49.79% since then. We note from Tesla Inc’s average daily trading volume that its 10-day average is 126.7 million shares, with the 3-month average coming to 91.33 million.
Tesla Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.54. If we narrow it down even further, the data shows that 9 out of 50 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 15 recommended TSLA as a Hold, whereas 16 deemed it a Buy, and 3 rated it as Underweight. Tesla Inc is expected to report earnings per share of 0.47 for the current quarter.
Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA has been showing red trend so far today with a performance of -0.70% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 283.60 on recent trading dayincreased the stock’s daily price by 2.53%. The company’s shares are currently down -31.55% year-to-date, but still up 22.69% over the last five days. On the other hand, Tesla Inc (NASDAQ:TSLA) is -16.37% down in the 30-day period. We can see from the shorts that 67.13 million shares have been sold at a short interest cover period of 0.82 day(s).
The consensus price target as assigned by Wall Street analysts is $275.5, which translates to bulls needing to decrease their stock price by -0.34% from its current value. Analyst projections state that TSLA is forecast to be at a low of $88 and a high of $430.
Tesla Inc (TSLA) estimates and forecasts
The year-over-year growth rate is expected to be 12.48%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 22.92B in revenue for the current quarter. 23 analysts expect Tesla Inc to make 26.65B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.3B and 25.5B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.60%. Forecasts for the next quarter put sales growth at 4.52%.
Tesla Inc earnings are expected to increase by 14.56% in 2025, but the outlook is positive 26.46% per year for the next five years.
Tesla Inc (NASDAQ:TSLA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.89% of Tesla Inc shares, and 49.34% of them are in the hands of institutional investors. The stock currently has a share float of 56.63%. Tesla Inc stock is held by 4743.0 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 Dec 31, 2024. The former held 85.49 shares worth $23.87 billion, making up 2.66% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 75.6 shares worth around $21.11 billion, which represents about 2.35% of the total shares outstanding.
