In the latest trading session, 38.93 million Tesla Inc (NASDAQ:TSLA) shares changed hands as the company’s beta touched 2.35. With the company’s most recent per share price at $248.89 changing hands around $15.6 or 6.69% at last look, the market valuation stands at $800.56B. TSLA’s current price is a discount, trading about -96.29% 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 44.23% up since then. When we look at Tesla Inc’s average trading volume, we note the 10-day average is 158.31 million shares, with the 3-month average coming to 103.42 million.
Analysts gave the Tesla Inc (TSLA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.53. 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 0.43.
Tesla Inc (NASDAQ:TSLA) trade information
Instantly TSLA is in green as seen in intraday trades today. With action -7.29%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.37%, with the 5-day performance at -7.29% in the red. However, in the 30-day time frame, Tesla Inc (NASDAQ:TSLA) is 12.04% up. Looking at the short shares, we see there were 81.33 million shares sold at short interest cover period of 0.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 289.4, meaning bulls need an upside of 14.0% from its recent market value. According to analyst projections, TSLA’s forecast low is 88 with 430 as the target high. To hit the forecast high, the stock’s price needs a -72.77% plunge from its current level, while the stock would need to tank 64.64% for it to hit the projected low.
Tesla Inc (TSLA) estimates and forecasts
Year-over-year growth is forecast to reach 10.03% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 21.85B. 26 analysts are of the opinion that Tesla Inc’s revenue for the current quarter will be 25.89B. 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 2.56%. The estimates for the next quarter sales put growth at 1.53%.
The 2025 estimates are for Tesla Inc earnings to increase by 11.03%, but the outlook for the next 5-year period is at 26.09% per year.
Tesla Inc (NASDAQ:TSLA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.89% of Tesla Inc shares while 49.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 56.61%. There are 49.31% institutions holding the Tesla Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.4584% of the shares, roughly 237.62 million TSLA shares worth $47.02 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9569% or 190.08 million shares worth $37.61 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. With 85.49 shares estimated at $21.25 billion under it, the former controlled 2.66% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.35% of the shares, roughly 75.6 shares worth around $18.79 billion.
