$173.88
Tesla is a global electric car maker and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs and produces electric vehicles and energy generation and storage products, including solar panels and at-home charging stations. Its network of 45,000+ Superchargers is the largest network of fast-chargers in the US.
Co-founded and led by billionaire Elon Musk, Tesla is currently the most valuable car brand worldwide. In addition to its lineup of sedans and SUVs, Tesla's future vehicle models include the Tesla Cybertruck, Tesla's version of a pickup truck, and its upcoming fully electric semi truck, dubbed Tesla Semi. Tesla (TSLA) stock launched on the NASDAQ in 2010 and its share price has since experienced massive growth.
How to buy shares in Tesla
- Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
- Open your account. Provide your personal information and sign up.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: TSLA in this case.
- Research stocks. The platform should provide the latest information available.
- Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
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Latest updates for Tesla
March 18, 2024: Goldman Sachs analyst Mark Delaney maintained a neutral rating on Tesla and changed the price target from $220 to $190, according to Benzinga.
March 13, 2024: Tesla stock fell 1.5% Wednesday after Wells Fargo downgraded the rating to Underweight and cut the price target by as much as $75 to $125 per share, which indicates a near 30% downside risk based on Tuesday’s close for Tesla stock price of $177.54, according to Investing.com.
March 12, 2024: Tesla vehicle insurance registrations in China last week increased sequentially but fell around 20% compared with the same period in 2023, as analysts began revising Q1 delivery estimates. Shares angled lower Tuesday, according to Investor's Business Daily.
March 6, 2024: Tesla fell for a third day on Wednesday after a closely watched analyst at Morgan Stanley lowered his price target on the stock, saying that electric-vehicle demand was continuing to weaken in key markets including China despite hefty price cuts, according to Yahoo Finance.
March 4, 2024: Shares of Tesla are falling to start the week. The stock was recently down some 7%, on pace for its worst day since January. It remains down 24% this year and off roughly 3% over the past 12 months, according to the Wall Street Journal.
February 20, 2024: Nvidia dethroned Tesla as Wall Street's most traded stock by value, showing more evidence of how central AI-related bets have become to investors, according to Reuters.
Looking ahead - Tesla stock Q1 2024
Wall Street expects Tesla earnings per share of just $3.10 a share in 2024. That would be a little less than a 1% decline compared to last year's $3.12. That was a 23% decline versus 2022. Analyst project a solid increase in 2025 to $4.24 a share, according to Investors.com.
Wall Street slashed 2024 profit projections after Tesla reported worse-than-expected fourth-quarter earnings and revenue in late January, with longtime Tesla bull Dan Ives summing up the conference call as a "train wreck," according to Investors.com.
Wall Street is currently projecting about 2.1 million units sold in 2024, up 20%. That growth rate is significantly below last year's 38%. For now, Wall Street projections for 2024 unit sales look safe, according to Barron's.
Is it a good time to buy Tesla stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Share price volatility
Over the last 12 months, Tesla's shares have ranged in value from as little as $152.37 up to $299.29. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Tesla's is 2.415. This would suggest that Tesla's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $173.8834
1 week (2024-03-12) | -2.06% |
---|---|
1 month (2024-02-16) | -13.04% |
3 months (2023-12-19) | -32.40% |
6 months (2023-09-19) | -34.75% |
1 year (2023-03-17) | -3.47% |
2 years (2022-03-18) | -80.79% |
3 years (2021-03-19) | -73.45% |
5 years (2019-03-19) | -34.99% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
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Is Tesla under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Tesla P/E ratio, PEG ratio and EBITDA
Tesla's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 41x. In other words, Tesla stocks trade at around 41x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 10, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Tesla's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.0809. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tesla's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Tesla's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $13.6 billion.
The EBITDA is a measure of a Tesla's overall financial performance and is widely used to measure a its profitability.
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