Tesla, Inc. (TSLA)
311.18 USD -19.06 (-5.77%) Volume: 117.24M
Tesla, Inc.’s stock price stands at 311.18 USD, witnessing a dip of -5.77% this trading session, despite a YTD rise of +25.23%. With a robust trading volume of 117.24M, Tesla’s performance continues to attract significant market attention.
Latest developments on Tesla, Inc.
Today, Tesla’s stock price movements are influenced by a series of key events leading up to this point. The company issued its sixth recall for the Cybertruck this year, affecting over 2,400 vehicles. Reports of Trump planning to eliminate EV tax credits have caused both Tesla and Rivian stocks to slide. Elon Musk’s warning of a possible U.S. ‘bankruptcy’ due to the surge in Bitcoin and Dogecoin prices has raised concerns among some Tesla employees. Despite this, Tesla’s market value now surpasses GM, Ford, Toyota, and other major car companies combined. With Trump expected to ease regulations for Musk’s robotaxi, the future remains uncertain as Tesla faces challenges and opportunities in the evolving market.
Tesla, Inc. on Smartkarma
Analysts at Baptista Research have published a report on Tesla’s Quarterly Profit Outperformance and the 6 Major Factors Taking It Forward! The report highlights Tesla’s positive Q3 2024 earnings, which led to a significant surge in their stock value. Despite challenges in the automotive industry, Tesla managed to deliver a strong performance, achieving record deliveries of electric vehicles and energy solutions.
On the other hand, Fallacy Alarm’s analysis of Tesla’s 3Q24 performance takes a bearish stance. The report criticizes Tesla’s execution in the automotive hardware business, noting disappointing margins and growth expectations. The report emphasizes the importance of Tesla’s Full Self-Driving (FSD) optionality in the company’s future prospects, estimating its significant impact on market capitalization.
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 Smartkarma Smart Scores, Tesla has a very positive long-term outlook. With high scores in Growth, Resilience, and Momentum, the company is positioned for continued success in the future. Tesla’s innovative approach to electric vehicles, energy storage, and solar products has led to strong growth prospects, making it a leader in the clean energy industry. Additionally, Tesla’s ability to adapt and thrive in challenging market conditions showcases its resilience, further solidifying its position as a top player in the market.
Tesla’s lower score in Value and lack of a dividend may be areas of concern for some investors, but the company’s strong performance in Growth, Resilience, and Momentum outweigh these factors. Overall, Tesla’s innovative products and services, coupled with its ability to navigate market challenges, make it a promising investment for the future.
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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