Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Tesla stock last closed at $213.97, up 3.11% from the previous day, and has decreased 17.17% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.01 percentage points. Tesla stock is currently +110.17% from its 52-week low of $101.81, and -32% from its 52-week high of $314.67.
As of Jun 2, 2023, there are 3.17B TSLA shares outstanding. The market cap of TSLA is $678.18B. In the last 24 hours, 163.73M TSLA shares were traded.
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Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to buy TSLA today.
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Once you have identified the best place to buy Tesla stock, it's critical to research their stock prior to investing, so you can understand the risk as well as the opportunity.
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on TSLA's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge TSLA's true value.
Using relative valuations methods:
You can access more valuation analysis on TSLA's stock here.
Out of 24 Wall Street analysts who monitor TSLA, the consensus analyst rating on Tesla is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Daniel Ives, a top 6% analyst from Wedbush reiterates TSLA with a buy rating and maintains their TSLA price target from $215.00 to $215.00, on May 12, 2023.
Alexander Potter, a top 2% analyst from Piper Sandler maintains TSLA with a strong buy rating and lowers their TSLA price target from $300.00 to $280.00, on May 2, 2023.
Maintaining his Strong Buy rating, Potter lowered his price target on Tesla, Inc. by 6.7%.
The analyst told investors he dropped his FY 2023 to FY 2025 estimates to reflect the company's lower pricing and its corresponding impact on margins.
While management is correct that margins will eventually rise because of software, this will not happen in time to absorb the near-term negative impact of lower prices, higher warranty costs, and slower inventory turnover, Potter argued.
However, the silver lining in Tesla's price cuts is that the company's global average selling price can fall by $125 per unit every quarter for the next 2 years without impacting margins, the analyst noted, pointing to "support from production credits under the Inflation Reduction Act."
Philippe Houchois, a top 5% analyst from Jefferies downgrades TSLA to a hold rating and lowers their TSLA price target from $230.00 to $185.00, on Apr 26, 2023.
Mark Delaney, a top 5% analyst from Goldman Sachs maintains TSLA with a strong buy rating and lowers their TSLA price target from $210.00 to $185.00, on Apr 21, 2023.
William Stein, a top 2% analyst from Truist Securities downgrades TSLA to a hold rating and lowers their TSLA price target from $245.00 to $154.00, on Apr 21, 2023.
You can dive deeper into what analysts are saying on the Tesla stock forecast page.
Last year, TSLA earnings were $11.75B. In the past two year, TSLA's earnings have grown by 207.63% per year. This was faster than the Auto Manufacturers industry average of 114.34%.
Last year, TSLA revenue was $86.04B. During the last five year, TSLA's revenue has grown by 47.15% per year. This was slower than the Auto Manufacturers industry average of 58.55%.
Find out more about TSLA's earnings and revenue performance here.
In the last year, insiders at TSLA have sold more shares than they have bought.
Andrew D. Baglino, SVP Powertrain and Energy Eng. of TSLA, was the latest TSLA insider to sell. They sold $2,100,000.00 worth of TSLA shares on May 30, 2023.
Get more info about who owns TSLA stock here.
No, Tesla doesn't provide an income stream by paying out dividends.
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Now that you own some TSLA shares, you'll want to keep up with your new investment.
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To reiterate, here are the 6 steps you need to take to buy Tesla stock right now:
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