Tesla Inc (NASDAQ:TSLA) shares traded 4.93% higher at $250.00 on Wall Street last session.
TSLA stock price is now 12.62% away from the 50-day moving average and 23.60% away from the 200-day moving average. The market capitalization of the company currently stands at $798.66B.
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, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, VAIBHAV TANEJA, Officer bought 8,000 shares of the company’s stock on Sep 23 ’24. The stock was bought for $1,906,000 at an average price of $238.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, SVP, Automotive Zhu Xiaotong sold 297 shares of the business’s stock. A total of $65,867 was realized by selling the stock at an average price of $221.77. This leaves the insider owning 67,491 shares of the company worth $16.87 million. A total of 12.98% of the company’s stock is owned by insiders.
During the past 12 months, Tesla Inc has had a low of $138.80 and a high of $271.00. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.91, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $781250134016, which is based on a 70.21 price-to-earnings ratio, a 47.60 price-to-earnings-growth ratio, and a beta of 2.29. The fifty day moving average price for TSLA is $222.0138 and a two-hundred day moving average price translates $202.32735 for the stock.
The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for 2024-06-30. The net profit margin was 13.04% and return on equity was 21.13% for TSLA. The company reported revenue of $25.5 billion for the quarter, compared to $24.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.3 percent.
