
Tesla, Inc. (TSLA)
400.99 USD +11.20 (+2.87%) Volume: 96.58M
Tesla, Inc.’s stock price soared to $400.99, marking a positive trading session with a 2.87% increase and an impressive trading volume of 96.58M. With a year-to-date percentage change of +63.25%, Tesla (TSLA) continues to demonstrate strong stock market performance.
Latest developments on Tesla, Inc.
Today, Tesla stock surged by 4.5% after Wall Street named it a top pick, reflecting positive investor sentiment. Analysts are optimistic about Tesla’s future, especially with the news of the upcoming ‘Model Q’ set to launch in the first half of 2025, offering a more affordable option. Despite some setbacks, such as lawsuits over Autopilot safety and recalls of the Cybertruck, Tesla continues to innovate and expand its product line. With the potential for a $30,000 electric vehicle on the horizon and the company’s focus on new technologies like robotaxis, Tesla’s stock price movements reflect growing confidence in its long-term prospects.
Tesla, Inc. on Smartkarma
Analysts on Smartkarma have provided diverse coverage of Tesla, with different perspectives on the company’s performance and future outlook. Caixin Global highlighted Tesla’s innovative cost-saving measures, such as shortening supplier payment terms to 90 days by 2024. This move showcases Tesla’s financial efficiency and unique approach to balancing cost-cutting with supplier support in a competitive industry. Meanwhile, Baptista Research emphasized Tesla’s record deliveries in a challenging automotive landscape, indicating the company’s resilience and market positioning.
On the other hand, Fallacy Alarm took a more bearish stance, pointing out Tesla’s historical challenges in the automotive hardware business. The report highlighted the importance of Tesla’s Full Self-Driving (FSD) optionality in the company’s growth trajectory, with the market capitalization heavily influenced by this factor. Despite differing sentiments, these analyst reports provide valuable insights for investors looking to understand the dynamics influencing Tesla’s stock performance.
A look at Tesla, Inc. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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 received high ratings in Growth, Resilience, and Momentum, indicating a positive long-term outlook for the company. With a strong focus on innovation and technology, Tesla continues to lead the way in the electric vehicle market. The company’s commitment to clean energy solutions and sustainable transportation has positioned it as a key player in the industry.
Tesla’s lower score in the Value category suggests that investors may need to consider other factors beyond traditional valuation metrics when evaluating the company. Despite this, the high scores in Growth, Resilience, and Momentum highlight Tesla’s potential for continued success and growth in the future. With a diverse product portfolio and a strong market presence, Tesla is well-positioned to capitalize on the increasing demand for electric vehicles and clean energy solutions.
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.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
