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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Real-time Estimate Cboe BZX  -  03:54 2022-10-05 pm EDT
240.15 USD   -3.73%
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Wall St set to open sharply higher after softer-than-expected CPI data

08/10/2022 | 08:56am EDT

* Futures up: Dow 1.30%, S&P 1.73%, Nasdaq 2.36%

Aug 10 (Reuters) - Wall Street was set to open sharply higher on Wednesday after data showed a slower-than-expected rise in inflation last month, reducing bets on super-sized rate hike in September.

U.S. annual consumer prices slowed to 8.5% in July. Economists polled by Reuters expected the Consumer Price Index to show year-on-year headline inflation of 8.7%, far above the Federal Reserve's target of 2%, but lower than last month's 9.1%.

Core inflation remained unchanged month-on-month at 5.9%, while economists were expecting a rise to 6.1%.

The market is now pricing in 33.5% chance of a 75 basis point increase in fund rates at the Fed's next meeting in September, compared with 67.5% before the data.

At 8:41 a.m. ET, Dow e-minis were up 424 points, or 1.3%, S&P 500 e-minis were up 71.5 points, or 1.73%, and Nasdaq 100 e-minis were up 307.25 points, or 2.36%.

After a rough start to the year, the benchmark S&P 500 is up nearly 13% from its mid-June low, largely on expectations the Fed will be less hawkish than anticipated in its efforts to provide a soft landing for the economy.

(Reporting by Bansari Mayur Kamdar, Aniruddha Ghosh and Medha Singh in Bengaluru; Editing by Arun Koyyur and Anil D'Silva)


© Reuters 2022
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2022 85 142 M - -
Net income 2022 12 661 M - -
Net cash 2022 19 896 M - -
P/E ratio 2022 66,2x
Yield 2022 -
Capitalization 782 B 782 B -
EV / Sales 2022 8,95x
EV / Sales 2023 6,22x
Nbr of Employees 99 290
Free-Float 83,6%
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Technical analysis trends TESLA, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 249,44 $
Average target price 306,92 $
Spread / Average Target 23,0%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin & Chief Financial Officer
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
James Rupert Murdoch Independent Director
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