Tesla is a Zacks Strong Sell
Tesla is a Zacks Rank #5 (Strong Sell). The Zacks Rank is based on changes to analyst earnings estimates. It has a Zacks Strong Sell recommendation due to the cuts to the earnings estimates. But this is just a short-term recommendation of 1 to 3 months.Tesla Stock Declines In 2024
That signals another year of earnings declines for this growth stock. Analysts currently expect Tesla earnings per share of just $2.48 in 2024, according to FactSet. That would be more than a 20% decline vs. $3.12 in 2023.369,783
In Q1 2024, Tesla built 412,376 Model 3/Y but only sold 369,783; the other models accounted for 20,995 that were built and 17,027 that were delivered.
Why did Tesla stock go up yesterday : Tesla (TSLA) reported worse-than-expected first-quarter earnings and revenue late Tuesday. Investors appeared not to care, sending TSLA shares jumping 12% Wednesday after Chief Executive Elon Musk signaled "more affordable" new models are on the way.
What is a fair price for Tesla stock
As of 2024-05-16, the Fair Value of Tesla Inc (TSLA) is 107.02 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 173.99 USD, the upside of Tesla Inc is -38.5%.
Is Tesla doing layoffs : Elon Musk, co-founder of Tesla, announced thousands of layoffs for the electric car maker earlier this year. New state filings reveal an additional number of cuts. Tesla is entering its fifth consecutive week of layoffs with hundreds of more jobs being cut in the Bay Area.
The drop in Tesla stock comes after a California judge refused to dismiss a class-action lawsuit related to Tesla's driver assistance marketing. The suit alleges that overly optimistic projections of Tesla's driver assistance capabilities led to people overpaying for Tesla vehicles.
The life expectancy of a Tesla car can vary, but many Tesla owners report their vehicles lasting well over a decade with proper maintenance. Tesla's battery and drive unit warranty usually spans 8 years or a specified mileage limit, which can offer a useful guideline.
Why is Tesla stock falling
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company's first-quarter earnings report Tuesday.More competition and flagging demand for electric vehicles has led to declining sales at Tesla.Tesla (TSLA) Stock Forecast & Price Prediction 2025, 2030
| Current Price | $ 171.89 |
|---|---|
| Price Prediction | $ 196.96 (11.81%) |
| Fear & Greed Index | 39 (Fear) |
| Sentiment | Bearish |
| Volatility | 7.03% |
We forecast automotive gross margins will be 18% in 2024, in line with 2023 results. We think Tesla will successfully continue reducing per-vehicle manufacturing costs. We forecast segment gross margins will recover to the mid-20% range by the end of the decade, well above the 19% in 2023 but below the 29% in 2022.
Who are the largest shareholders of Tesla : KoGuan Leo has been one of Tesla's largest shareholders for years and is the company's biggest retail investor, with over 27 million shares held. Recently, he has been vocal about his distaste for Musk's leadership, and against a potential pay package ratification.
Why Tesla is losing employees : Describing his roughly five years at Tesla, where his most recent role was as a production supervisor, he added, "Sacrificed a lot for the company." Tesla, which had more than 140,000 workers as of December, is in the process of cutting 10% of its employees as it copes with a slump in demand for its electric vehicles.
Are Tesla employees happy
Tesla Reviews FAQs
Tesla has an overall rating of 3.6 out of 5, based on over 11,681 reviews left anonymously by employees. 59% of employees would recommend working at Tesla to a friend and 57% have a positive outlook for the business. This rating has been stable over the past 12 months.
Another reason to avoid buying Tesla is because of the valuation. Even though shares are currently 56% off their all-time high, they still trade at a steep price-to-earnings ratio of 46.2. This tells me that the market still values Tesla more like a tech enterprise and less like a traditional car company.Morningstar analyst Seth Goldstein raised his fair value estimate for Tesla shares to $200 following the first quarter results and views the shares as undervalued. “Tesla's affordable vehicles are a catalyst for shares,” Goldstein wrote in a note to clients.
Does Tesla have any future : Tesla is set to remain the leader in the EV industry. If Tesla develops groundbreaking technologies, its business could look different 10 years from now. The stock still carries a premium valuation.