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NASDAQ:TSLA

Tesla (TSLA) Stock Forecast, Price & News

$242.65

-2.69 (-1.10%)

(As of 08/11/2023 08:49 PM ET)

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Today's Range: $238.02
▼
$243.79
50-Day Range: $217.61
▼
$293.34
52-Week Range: $101.81
▼
$314.67

Volume: 99.04 million shs
Average Volume: 148.77 million shs
Market Capitalization: $770.17 billion

P/E Ratio: 68.74
Dividend Yield: N/A
Price Target: $227.30

Tesla MarketRank™ Forecast

Analyst Rating: Hold
2.17 Rating Score
Upside/Downside: 6.3% Downside
$227.30 Price Target
Short Interest: Healthy
2.46% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.51
Upright™ Environmental Score
News Sentiment: 0.20
Based on 100 Articles This Week
Insider Trading: Selling Shares
$17.46 M Sold Last Quarter
Proj. Earnings Growth: 40.68%
From $2.95 to $4.15 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Auto/Tires/Trucks Sector

19th out of 95 stocks

Motor Vehicles & Car Bodies Industry

6th out of 33 stocks

2.1

Analyst's Opinion

Consensus Rating
Tesla has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 12 buy ratings, 18 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $227.30, Tesla has a forecasted downside of 6.3% from its current price of $242.65.
Amount of Analyst Coverage
Tesla has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.46% of the outstanding shares of Tesla have been sold short.
Short Interest Ratio / Days to Cover
Tesla has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tesla has recently decreased by 15.90%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Tesla does not currently pay a dividend.
Dividend Growth
Tesla does not have a long track record of dividend growth.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Tesla has received a 42.72% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electric passenger cars", "Lithium-ion battery energy storages", and "Solar panels" products. See details.
Environmental Sustainability
The Environmental Impact score for Tesla is -0.51.

2.9

News and Social Media Coverage

News Sentiment
Tesla has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 100 news articles for Tesla this week, compared to 96 articles on an average week.
Search Interest
846 people have searched for TSLA on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.
MarketBeat Follows
330 people have added Tesla to their MarketBeat watchlist in the last 30 days. This is an increase of 15% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tesla insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,460,657.00 in company stock.
Percentage Held by Insiders
25.10% of the stock of Tesla is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
43.51% of the stock of Tesla is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Tesla are expected to grow by 40.68% in the coming year, from $2.95 to $4.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tesla is 68.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tesla is 68.74, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 12.78.
Price to Earnings Growth Ratio
Tesla has a PEG Ratio of 3.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Tesla has a P/B Ratio of 14.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tesla (NASDAQ:TSLA) Stock

Tesla, Inc. is the world's leading manufacturer of electric vehicles. With more than 26% of the market share in 2022, the company's leadership position is all but assured for the coming decade if not longer. While specifically an EV manufacturer, however, the company is also engaged in many related and unrelated ventures that could produce significant results for shareholders.

Tesla, Inc. was first incorporated in 2003 in California as Tesla Motors, Inc but later changed its name. Founded by Martin Eberhard and Marc Terpening, Elon Musk became the company's largest shareholder in 2006 and then its CEO in 2008. Tesla went public via IPO in 2010 making it the first American automobile company to do so since Ford back in 1956. The company reached a half million in annual vehicle sales in 2020 and crossed over the 1 million mark in 2022.

Under Musk's guidance, the company was reborn and moved away from the high-end sports-car segment and into a line of cars geared toward a larger audience. The first model, the Roadster, was soon eclipsed by the Model S which is the top-selling plug-in EV car to this day. Follow-on models include the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020.

Tesla, Inc.'s name change came in 2017 shortly after then and current CEO Elon Musk agreed to acquire SolarCity and expand the company's product line. Tesla is now headquartered in Austin, Texas, and operates global manufacturing capacity through a network of Gigafactories. The company has 5 Gigafactories in key locations around the world with a 6th planned. The Gigafactories are noteworthy for multiple reasons including their size, end-to-end production capability, and non-reliance on grid-supplied power.

Tesla's automobile segment designs, develops, manufactures, leases, and sells electric vehicles in the U.S., Europe, Asia, and internationally. This segment offers a line of luxury Ev s equipped with industry-leading features. The company also generates revenue by selling excess EV credits to the business at large. The Energy Generation and Storage segment designs, manufactures, sells, and installs, solar energy generation and energy storage products for residential, commercial, and industrial customers as well as electric utilities.

One of Tesla's related products is the Tesla Powerwall and Tesla Powerpack battery packs. The Powerwall and Powerpack are stationary lithium-ion battery packs for home or industrial use. The power packs can store solar or other green-generated powers for later use or backup power in emergency situations. This segment of the business was merged with Solarcity to form the Energy Generation and Storage segment. Among the many technologies worked on by the company are self-driving/autonomous vehicles, AI, and glass along with EV motors and batteries.

TSLA Price History

30 days | 90 days | 365 days | Advanced Chart

TSLA Stock News Headlines

August 12, 2023 | marketbeat.com

MarketBeat Week in Review – 8/7 - 8/11 (TSLA)

The latest inflation readings failed to provide clarity for investors as stocks had a turbulent week and the MarketBeat team was covering the top stories

August 11, 2023 | marketbeat.com

Drinks, Chips & Drugs: A Surprising List of 10-Year Stock Winners (TSLA)

A handful of large caps have taken things to another level. These three stocks have blown past the herd — and may be market leaders for years to come.

August 14, 2023 | Behind the Markets (Ad)

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August 10, 2023 | marketbeat.com

US probing Virginia fatal crash involving Tesla suspected of running on automated driving system

U.S. safety regulators have sent a team to investigate a fatal crash in Virginia involving a Tesla suspected of running on a partially automated driving system

August 9, 2023 | marketbeat.com

2 Alternatives To Tesla (1 Safe, 1 More Risky) (TSLA)

Just because Tesla has a first-mover advantage doesn’t mean there’s not still an opportunity to be had in alternative EV stocks.

August 8, 2023 | marketbeat.com

Palantir Slips: An Entry Point Comes Into Focus (TSLA)

Palantir had a solid quarter, but the strength was priced in, and the guidance was not strong enough to spark a rally. A repurchase plan was announced.

August 7, 2023 | marketbeat.com

The 10 Stocks MarketBeat Readers Like Best (TSLA)

Marketbeat readers have spoken! These are the 10 most-followed stocks on the platform and momentum is building for some interesting names.

August 3, 2023 | marketbeat.com

New Leaders Emerge: S&P 500 Shows Shift in Top Performers (TSLA)

Cruise lines and smaller companies fuel a market leadership change in the S&P 500, as a more broad-based rally reflects greater investor confidence.

August 14, 2023 | Altimetry (Ad)

Pentagon Consultant—Here's how Biden Wins Landslide Re-election

—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,

August 1, 2023 | marketbeat.com

4 Reasons Carnival Shares May Keep Sailing North (TSLA)

Barring a major global health setback, Carnival appears to have the wind at its back to overcome any challenges. Here are four reasons why.

August 1, 2023 | marketbeat.com

US opens safety probe into complaints from Tesla drivers that they can lose steering control

U.S. auto safety regulators have opened another investigation into safety problems with Tesla vehicles

July 31, 2023 | marketbeat.com

Two Foolproof Plays for Apple’s Earnings (TSLA)

How can investors best prepare and plan in advance of Apple's earnings next week? Here are two plays to consider for long-term Apple bulls.

August 14, 2023 | msn.com

Elon Musk's Tesla Slashes Model Y Prices In China By About $1,900

August 14, 2023 | msn.com

Tesla cuts prices in China for some Model Y versions

August 14, 2023 | msn.com

Tesla's Highly Anticipated Cybertruck Launch Imminent? Drone Footage Reveals Nine Covered Vehicles At Texas Gigafactory

August 14, 2023 | finance.yahoo.com

Tesla Cuts China Prices Again, Triggering Slump in Auto Stocks

August 14, 2023 | marketwatch.com

: Tesla cuts prices for some Model Y versions in China, as price war ramps back up

August 13, 2023 | msn.com

Tesla Cuts Price of Top-End Model Ys in China in Latest Salvo

August 13, 2023 | msn.com

Dow Jones Futures Rise: Market Rally Tries To Survive As Nvidia, Tesla Flash Sell Signals

August 13, 2023 | finance.yahoo.com

Dow Jones Futures Rise As Market Rally Tries To Survive; Tesla Cuts China Prices

August 13, 2023 | finance.yahoo.com

Dow Jones Futures: Market Rally Tries To Survive As Nvidia, Tesla Flash Sell Signals