Tesla, Inc. (TSLA), a Consumer Cyclical Auto Manufacturers business, saw its stock exchange 640.81 shares, a spike when compared to its 10-day trading volume of 19.42M.
Tesla, Inc. (TSLA) stock is quoted at $640.81, up +59.82 cents or +10.30% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking profits.
Elon Musk jolted by German protests over the Tesla factory plan:
Heidemarie Schroeder fears her “little paradise” in the rural depths of Brandenburg could soon be overshadowed by a monster: Tesla. it would build its fourth “gigafactory”, in Grünheide, 38km south-east of Berlin and a stone’s throw from her house.
Musk has written and recorded a song called “Don’t Doubt ur Vibe,” he announced on Twitter.
Just wrote a song called “Don’t doubt yer vibe”— E “D” M (@elonmusk) January 30, 2020
He also wrote and performed vocals. The song has been released on Emo G Records and is now available on SoundCloud. This is the second song performed by Musk – he released the first one called “RIP Haramble” in March last year.
Why It Matters
Elon Musk has many reasons not to doubt his vibe. Tesla Inc (NASDAQ: TSLA) surpassed the $100 billion mark on Jan. 22, with several research firms aiming at $800 target.
Total Revenue for Tesla, Inc. (TSLA) is $24.42B, Gross Profit is $4.04B and the EBITDA is $2.18B.
Tesla, Inc. (TSLA) Technical Data:
The average 10-day trading volume of Tesla, Inc. (TSLA) is 19.42M compared to 12.28M over the last 3 months which indicates a spike in trading activity. Currently, Tesla, Inc. (TSLA) has a 50-day moving average of $474.89 and a 200-day moving average of $318.00. These moving averages are popular technical statistics that investors use to analyze price trends of Tesla, Inc. (TSLA).
Approximately 18.43% of the shares of the company are sold short from traders betting the shares might trade lower. The beta value on Tesla, Inc. (TSLA) stock is 0.63, indicating its 4.16% to 4.27% more volatile than the overall global market.
Technically, TSLA’s short term support levels are around $620.11, $587.53 and $558.38 on the downside.
Based on technical analysis, TSLA has short term rating of Very Bullish (0.54), Intermediate rating of Very Bullish (0.75) and the long-term rating of Very Bullish (0.67) giving it an overall rating of Very Bullish (0.65).
TSLA is trading 262.06% off its 52 week low at $176.99 and 7.79% off its 52 week high of $594.50. Performance wise, TSLA stock has recently shown investors 11.99% a spike in a week, 54.52% a spike in a month and 102.65% a spike in the past quarter.
Furthermore, Tesla, Inc. (TSLA) has shown a return of 53.18% since the start of the year.
Tesla, Inc. (TSLA) Key Evaluation:
Tesla, Inc. (TSLA) is a large-cap company with a market cap value of $115.503B. TSLA insiders hold roughly 20.96% of the shares.
On Jan-22-20 Wedbush Reiterated TSLA as Neutral at $370 → $550. On Jan-23-20 Exane BNP Paribas Downgrade TSLA as Outperform → Neutral at $555 and on Jan-23-20 UBS Resumed TSLA as Sell at $160 → $410.
There are currently 142.47M shares in the float and 182.00M shares outstanding. There are 18.43% shares short in TSLAs float.
The industry rank for Tesla, Inc. (TSLA) is 189 out of 255 ranking it at the Bottom 26% .
Tesla, Inc. (TSLA) Fundamental Evaluation:
TSLA last 2 years revenues have increased from $21,461,268 to $24,420,268 showing an uptrend.
Wall Street expects Tesla, Inc. (TSLA) to report an EPS next Qtr profit of 1.72 and a profit of 2307.40% next year.
The growth rate on TSLA this year is 4,792.31 compared to an industry 6.10. However, TSLAs next year’s growth rate is 121.23 compared to an industry 7.70.
The book value per share (mrq) is 33.74 and cash per share (mrq) is 29.33. Giving them a price/book (mrq) of 15.22 compared to an industry of 2.84 and TSLAs price/cash flow (mrfy) is 92.07 compared to an industry of 8.28.
TSLA fundamental ratios shows an EPS growth vs. previous year 6.36 and EPS growth vs. previous quarter 0.55.
About Tesla, Inc. (TSLA):
Palo Alto, CA-based Tesla, Inc. was incorporated in Delaware in July 2003. The company designs, produces and sells electric cars, solar energy generation systems and energy storage product. Presently, the company produces and sells three fully electric vehicles: the Model S sedan, the Model X sport utility vehicle (“SUV”) and the Model 3 sedan. The company started deliveries of Model 3, a lower-priced sedan designed for the mass market, in July 2017, and has significantly ramped its production. Very recently, the company has embarked on the delivery of Model 3 in international markets and trying to lower down the manufacturing costs while continuing to raise its production.On April 2014, the automaker also started a subsidiary, Tesla Finance, to provide lease financing to business owners. Further, in April 2015, Tesla launched the Tesla Energy business with the unveiling of the industrial Powerpack and the residential Powerwall batteries. In October 2016, it unveiled new solar roof shingles that can store energy inside Powerwall 2.In November 2016, Tesla completed the acquisition of solar installation firm SolarCity Corporation. The company believes this acquisition will help it to become the only vertically integrated energy company in the world offering end-to-end clean energy products. On Jan 3, 2017, the company acquired Grohmann Engineering GmbH (now Tesla Grohmann Automation GmbH or Grohmann) for $109.5 million. Notably, Grohmann specializes in the design, development and sale of automated manufacturing systems. This acquisition is likely to improve the speed and efficiency of Tesla’s manufacturing processes.Tesla is also developing heavy-duty trucks and minibuses. In the long run, it also plans to offer car sharing services on autonomous vehicles.In the second-quarter 2019, Tesla achieved record deliveries of 95,356 vehicles and record production of 87,048 vehicles.Tesla undertakes marketing and servicing of vehicles through wholly owned subsidiaries in North America, Europe and Asia.