Tesla, Inc. (TSLA)
440.13 USD -39.73 (-8.28%) Volume: 141.51M
Tesla, Inc.’s stock price stands at 440.13 USD, experiencing a decline of 8.28% this trading session, with a trading volume of 141.51M, yet boasting a remarkable YTD increase of 90.14%, demonstrating the stock’s notable resilience and growth potential.
Latest developments on Tesla, Inc.
Tesla’s stock price surged to a new high today after Mizuho more than doubled its price target to $515, highlighting the company’s continued growth and potential. This comes amidst news of Tesla’s China Factory Head, Song Gang, set to depart this week, adding to the recent shakeup in leadership at the company. Despite some setbacks, such as the departure of the Giga Shanghai plant manager and reports of computer failures in brand new Teslas, analysts remain optimistic about Tesla’s future. With the company offering free supercharging for Model S vehicles again and enabling 325kW charging for Cybertruck at select superchargers, Tesla seems to be making strategic moves to maintain its position as a market leader in the electric vehicle industry.
Tesla, Inc. on Smartkarma
Analysts on Smartkarma have provided a range of insights on Tesla, with varying sentiments towards the company. Caixin Global highlighted Tesla’s move to shorten supplier payment terms to 90 days by 2024, showcasing the company’s financial efficiency and deep integration with China’s supply chain. Baptista Research, on the other hand, emphasized Tesla’s achievement of record deliveries in a declining market during the third quarter of 2024, indicating the company’s resilience and market positioning. Meanwhile, Fallacy Alarm took a bearish stance, pointing out Tesla’s historical struggles in the automotive hardware business and the importance of the Full Self-Driving (FSD) optionality in the company’s future success.
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 a strong long-term outlook. With high scores in Growth, Resilience, and Momentum, the company is positioned for continued success in the future. Tesla’s focus on innovation and clean energy solutions has contributed to its positive momentum in the market.
Although Tesla may not score as high in Value and Dividend, its emphasis on growth and resilience sets it apart in the industry. As a leader in electric vehicles and battery energy storage, Tesla’s commitment to sustainability and cutting-edge technology bodes well for its long-term prospects.
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.
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