Market Inference Brief -- TSLA Stock

By Naomi Wentworth • Thursday, November 24 16:01 • Permanent Link

Large-cap Consumer Cyclical company Tesla has logged a 7.8% change today on a trading volume of 109,536,709. The average volume for the stock is 75,590,053.

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. Based in Austin, United States the company has 99,290 full time employees and a market cap of $578,499,772,416.

The company is now trading -30.78% away from its average analyst target price of $264.67 per share. The 37 analysts following the stock have set target prices ranging from $24.33 to $436, and on average give Tesla a rating of buy.

Over the last year, TSLA shares have gone down by -49.2%, which represents a difference of -36.9% when compared to the S&P 500. The stock's 52 week high is $402.67 per share and its 52 week low is $166.19. Based on Tesla's average gross margin growth of 11.7% over the last four years, its core business remains strong and the stock price may recover in the long term.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.