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

TESLA, INC.

(TSLA)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 08/03 08:32:08 am
1449.44 USD   +1.31%
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Tesla taps brake on massive stock rally

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07/13/2020 | 05:56pm EDT

July 13 (Reuters) - Shares of Tesla ended down 3.1% on Monday, tapping the brakes on a rally that has boosted the electric car maker's stock by over 40% in two weeks.

Shares of Tesla surged 16% early in the session before joining a sell-off along with other big-name Nasdaq stocks, including Amazon, Microsoft and Nvidia , that have outperformed in recent months.

With investors betting Tesla could show a quarterly profit in its July 22 report and potentially join the S&P 500 index , traders at one point on Monday paid $1,794.99 per share, a premium of almost $300 over Tesla's previous closing price.

Only the second daily decline for Tesla in 10 sessions came after the company on Saturday cut the price of its Model Y sport utility vehicle by $3,000, just four months after its launch, as it tries to maintain sales momentum in the COVID-19 pandemic.

Higher-than-expected second-quarter vehicle deliveries, announced earlier this month, have some analysts and investors expecting the company will show a profit in its quarterly report. That would mark Tesla's first cumulative four-quarter profit, a key requirement for it to be added to the S&P 500 .

With its market capitalization now at $277 billion, Tesla would be among the most valuable companies ever added to the S&P 500, and it would be more valuable than 95% of the index's existing components. Adding Tesla to the S&P 500 would have a major impact on investment funds that track the index, forcing them to buy tens of billions of dollars worth of Tesla's stock.

Since late June, demand for bullish call options on Tesla shares has been greater than demand for protective put options, which traders warn is a sign of exuberance.

Tesla on Friday set its annual shareholder meeting for Sept. 22 at its Fremont factory in California. The same day would also be "Battery Day," when Tesla it is expected to reveal significant advances in battery technology.

(Reporting by Noel Randewich; Additional reporting by April Joyner; Editing by Richard Chang and Dan Grebler)

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 3.70% 3164.68 Delayed Quote.71.26%
DJ INDUSTRIAL 0.44% 26428.32 Delayed Quote.-7.39%
MICROSOFT CORPORATION 0.54% 205.01 Delayed Quote.30.00%
NASDAQ 100 1.78% 10905.881114 Delayed Quote.24.88%
NASDAQ COMP. 1.49% 10745.274812 Delayed Quote.19.76%
NVIDIA CORPORATION 0.01% 424.59 Delayed Quote.80.45%
S&P 500 0.77% 3271.12 Delayed Quote.1.25%
TESLA, INC. -3.81% 1430.76 Delayed Quote.242.02%
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Financials (USD)
Sales 2020 29 706 M - -
Net income 2020 1 027 M - -
Net Debt 2020 4 303 M - -
P/E ratio 2020 282x
Yield 2020 -
Capitalization 267 B 267 B -
EV / Sales 2020 9,12x
EV / Sales 2021 6,46x
Nbr of Employees 48 016
Free-Float 79,6%
Chart TESLA, INC.
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 1 259,90 $
Last Close Price 1 430,76 $
Spread / Highest target 67,7%
Spread / Average Target -11,9%
Spread / Lowest Target -79,0%
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
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