Tesla Inc (NASDAQ:TSLA) shares traded 5.62% higher at $338.74 on Wall Street last session.
TSLA stock price is now 32.97% away from the 50-day moving average and 62.35% away from the 200-day moving average. The market capitalization of the company currently stands at $1120.71B.
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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, DENHOLM ROBYN M, Director bought 112,390 shares of the company’s stock on Nov 15 ’24. The stock was bought for $35,339,822 at an average price of $314.44. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’24, Chief Financial Officer Taneja Vaibhav sold 8,000 shares of the business’s stock. A total of $2,402,956 was realized by selling the stock at an average price of $300.37. This leaves the insider owning 105,032 shares of the company worth $35.58 million. A total of 12.92% 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 $358.64. 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 $1009444323328, which is based on a 92.80 price-to-earnings ratio, a 11.59 price-to-earnings-growth ratio, and a beta of 2.32. The fifty day moving average price for TSLA is $252.2958 and a two-hundred day moving average price translates $207.8917 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.
