In yesterday’s Wall Street session, Tesla Inc (NASDAQ:TSLA) shares traded at $262.51, down -2.48% from the previous session.
TSLA stock price is now 13.40% away from the 50-day moving average and 30.12% away from the 200-day moving average. The market capitalization of the company currently stands at $842.67B.
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With the price target enhanced from $120 to $125, Wells Fargo maintained Underweight rating for Tesla Inc (NASDAQ: TSLA). On October 24, 2024, Truist reiterated its ‘Hold’ rating on the stock by increasing its target price from $236 to quote $238, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Taneja Vaibhav, Chief Financial Officer sold 4,000 shares of the company’s stock on Oct 24 ’24. The stock was sold for $1,000,000 at an average price of $250.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 105,032 shares in the company, valued at $27.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24 ’24, Officer VAIBHAV TANEJA bought 4,000 shares of the business’s stock. A total of $854,600 was incurred on buying the stock at an average price of $213.65. 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 0.18, a current ratio of 1.84, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $822586769408, which is based on a 71.91 price-to-earnings ratio, a 4.79 price-to-earnings-growth ratio, and a beta of 2.29. The fifty day moving average price for TSLA is $231.4972 and a two-hundred day moving average price translates $201.74805 for the stock.
The latest earnings results from Tesla Inc (NASDAQ: TSLA) was released for 2024-09-30. The net profit margin was 13.12% and return on equity was 20.65% for TSLA. The company reported revenue of $25.18 billion for the quarter, compared to $23.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.85 percent. For the current quarter, analysts expect TSLA to generate $27.27B in revenue.
