Tesla, Inc.’s Stock Price Drops to $177.81, Marking a 3.76% Decline: A Deep Dive into the Performance

Tesla, Inc. (TSLA)

177.81 USD -6.95 (-3.76%) Volume: 74.58M

Tesla, Inc.’s stock price stands at 177.81 USD, reflecting a -3.76% change this trading session with a significant trading volume of 74.58M. Despite the current fluctuation, the electric vehicle giant’s stock reveals a -28.44% change YTD, influencing investor strategies and market sentiment.

Latest developments on Tesla, Inc.

Amid a flurry of developments, Tesla’s stock price has seen significant fluctuations today. The company has recently purchased over $2 million worth of lidar sensors from Luminar and plans to test its “robotaxi” in China, signaling a major push into self-driving technology. However, Tesla’s sales in China fell by 18% in April, and the company has faced protests leading to a four-day shutdown of its German plant. Furthermore, Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024, and the company has initiated another round of layoffs, casting a shadow on its performance and future outlook.

Tesla, Inc. on Smartkarma

Analysts on Smartkarma are providing different perspectives on Tesla’s future. Baptista Research sees Tesla’s focus on vehicle autonomy and digitization as key drivers for future revenue. They evaluate factors that could influence the company’s price and conduct an independent valuation using a Discounted Cash Flow methodology.

Meanwhile, analyst Vicki Bryan expresses a bearish sentiment on Tesla, highlighting concerns about Elon Musk’s leadership and the company’s delivery trends. Bryan believes that Musk won’t fix Tesla’s most serious problems and calls for his removal. She points out missed delivery targets and growing inventory as indicators of potential challenges ahead for the electric vehicle manufacturer.

A look at Tesla, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Tesla has a strong long-term outlook. With a high Growth score of 5, the company is expected to continue expanding and innovating in the electric vehicle and clean energy market. Additionally, Tesla scored well in Resilience with a score of 4, indicating that it is well-positioned to weather economic downturns and industry challenges. While the Value score is lower at 2, the company’s Momentum score of 3 suggests that Tesla is still attracting investor interest and attention.

Tesla Inc. is a multinational automotive and clean energy company that is paving the way for sustainable transportation and energy solutions. With a focus on electric vehicles, battery energy storage, and solar products, Tesla is at the forefront of the green energy revolution. Despite some mixed scores in the Smartkarma Smart Scores, Tesla’s overall outlook remains positive, with strong growth potential and a resilient business model that sets it apart in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma