Tesla, Inc. (TSLA)
249.02 USD -9.00 (-3.49%) Volume: 93.66M
Tesla, Inc.’s stock price currently stands at 249.02 USD, experiencing a dip of -3.49% in this trading session with a trading volume of 93.66M, despite showing a modest YTD increase of +0.22%, showcasing the dynamic performance of TSLA on the market.
Latest developments on Tesla, Inc.
Despite Tesla’s recent announcement of a first quarterly sales gain this year, the stock price has dropped by 3% after Q3 deliveries fell short of estimates. This comes after a decade of Elon Musk promising Tesla robotaxis and the discontinuation of the cheapest Model 3. While Tesla sales are increasing, the stock is still falling, with competition heating up in the electric car market. The company’s quarterly deliveries have disappointed investors, leading to a 5% drop in stock prices. Despite these setbacks, Tesla remains a key player in the EV market, with expectations of a boost in sales, especially in China.
Tesla, Inc. on Smartkarma
Analysts on Smartkarma are closely monitoring Tesla as the company prepares for its Q3 2024 earnings report. Uttkarsh Kohli‘s research highlights Tesla’s focus on production forecasts, expansion in China, advances in FSD technology, and the energy storage business. With a lean towards bullish sentiment, analysts predict Tesla could exceed its delivery target of 462,000 units, showcasing strong demand, especially in China. Despite challenges like declining EV demand and increased competition, Tesla remains a key player in the electric vehicle market.
Another report by Uttkarsh Kohli discusses Tesla’s upcoming Robotaxi event, aiming to revolutionize autonomous transportation. With bullish sentiment, analysts foresee strong Q3 2024 EV sales projections for Tesla, driven by high demand in China and robust Gigafactory operations. The event will showcase Tesla’s Full Self Driving tech, attracting investor interest in the future of autonomous vehicles. Despite competition from companies like Waymo, Tesla’s innovative approach and market position continue to draw attention from investors.
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 positive long-term outlook. With high scores in Growth, Resilience, and Momentum, the company is positioned well for future success. Tesla’s focus on innovation in electric vehicles and clean energy solutions has contributed to its strong growth prospects. Additionally, its ability to adapt and thrive in changing market conditions showcases its resilience. Investors can be optimistic about Tesla’s momentum in the market, indicating continued strong performance in the future.
Tesla Inc. is a multinational automotive and clean energy company known for its electric vehicles, battery energy storage solutions, and solar products. The company’s Smart Scores reflect its commitment to growth and innovation, with high ratings in Growth, Resilience, and Momentum. While Tesla may not score as high in terms of value and dividend payouts, its focus on cutting-edge technology and sustainable energy solutions positions it as a leader in the industry. Overall, Tesla’s strong performance in key areas bodes well for its long-term success 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.
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