Tesla, Inc. (TSLA)
338.59 USD -13.97 (-3.96%) Volume: 89.42M
Tesla, Inc.’s stock price stands at 338.59 USD, experiencing a dip of -3.96% in the latest trading session with a trading volume of 89.42M. Despite the recent decrease, Tesla (TSLA) has seen a substantial YTD growth of +42.74%, demonstrating its resilience and strong market presence in the electric vehicle industry.
Latest developments on Tesla, Inc.
Tesla’s stock price movements today are influenced by a series of events, including being excluded from EV buyer credits in California, which led CEO Elon Musk to criticize the state for potentially icing Tesla out of the program. Despite this setback, Tesla is building a teleoperations team for its robotaxi service and has seen a surge in stock value driven by ‘animal spirits,’ according to UBS. The company also faced environmental violations while its factories continue to rack up greenhouse emissions credits. Additionally, Tesla settled a lawsuit with Rivian over trade secrets, extended discounts on Model Y in China, and updates its Full Self-Driving software. These developments have contributed to the fluctuation in Tesla’s stock price today.
Tesla, Inc. on Smartkarma
Analysts on Smartkarma have provided mixed coverage on Tesla, with some expressing bullish sentiments and others taking a bearish stance. Baptista Research highlighted Tesla’s achievement of record deliveries in a challenging market, emphasizing the company’s resilience and market positioning. Joe Jasper also leaned bullish, recommending buying the pullback on major indexes and upgrading communication stocks to overweight. On the other hand, Fallacy Alarm took a bearish view, focusing on Tesla’s disappointing execution in the automotive hardware business and the importance of the FSD optionality in the company’s future prospects.
Additionally, Baptista Research discussed Tesla’s positive Q3 2024 earnings, attributing the stock’s rise to the company’s decent performance despite industry challenges. They also highlighted Tesla’s much-anticipated Robotaxi event, which left investors disappointed despite the unveiling of the Cybercab, a futuristic self-driving vehicle. The event failed to meet expectations, signaling both the potential and challenges of Tesla’s push towards a driverless future.
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
According to Smartkarma Smart Scores, Tesla has received high ratings in Growth, Resilience, and Momentum, indicating a positive long-term outlook for the company. With a perfect score of 5 in Growth and Resilience, Tesla is positioned to continue expanding and innovating in the electric vehicle and clean energy sector. The company’s strong momentum score also suggests that Tesla is on a path of sustained success and market performance.
Although Tesla scored lower in Value and Dividend, with scores of 2 and 1 respectively, its high ratings in Growth, Resilience, and Momentum overshadow these lower scores. As a multinational automotive and clean energy company, Tesla is known for its innovative products and services, including electric vehicles, battery energy storage, and solar products. With its own sales and service network, Tesla is well-positioned to lead the way in the transition to sustainable 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.
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