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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla, Inc.    TSLA

TESLA, INC.

(TSLA)
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Delayed Quote. Delayed Nasdaq - 08/12 04:00:00 pm
1554.76 USD   +13.12%
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Tesla : slashes Model Y SUV price as pandemic weighs on auto sector

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07/12/2020 | 12:59pm EDT
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai

Tesla Inc cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic.

Tesla Inc cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic.

The reduction follows price cuts in May on Tesla's Model 3, Model X and Model S.

The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry.

The Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990, according to the carmaker's website.

Tesla did not immediately respond to a Reuters request for comment.

The company started deliveries of the Model Y in March, promising a much-awaited crossover that will face competition from European carmakers like Volkswagen AG rolling out their own electric rivals.

In April, Tesla had said the Model Y was already profitable, marking the first time in the company's 17-year history that one of its new vehicles turned a profit in its first quarter.

(Reporting by Aishwarya Nair in Bengaluru and Hyunjoo Jin in Seoul; Editing by Paul Simao and William Mallard)

Stocks mentioned in the article
ChangeLast1st jan.
TESLA, INC. 13.12% 1554.76 Delayed Quote.271.66%
VOLKSWAGEN AG 0.47% 140.66 Delayed Quote.-20.19%
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Financials (USD)
Sales 2020 29 709 M - -
Net income 2020 1 019 M - -
Net Debt 2020 4 275 M - -
P/E ratio 2020 307x
Yield 2020 -
Capitalization 290 B 290 B -
EV / Sales 2020 9,89x
EV / Sales 2021 7,01x
Nbr of Employees 48 016
Free-Float 79,6%
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 34
Average target price 1 257,17 $
Last Close Price 1 554,76 $
Spread / Highest target 54,4%
Spread / Average Target -19,1%
Spread / Lowest Target -80,7%
EPS Revisions
Managers
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
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