TSLA Stock Summary and Trading Ideas (Tesla | NASDAQ:TSLA)

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

Tesla trades on the NASDAQ stock market under the symbol TSLA.

As of January 31, 2025, TSLA stock price climbed to $404.60 with 78,481,713 million shares trading.

TSLA has a beta of 2.28, meaning it tends to be more sensitive to market movements. TSLA has a correlation of 0.21 to the broad based SPY ETF.

TSLA has a market cap of $1.30 trillion. This is considered a Mega Cap stock.

Last quarter Tesla reported $26 billion in Revenue and $.73 earnings per share. This fell short of revenue expectation by $-1 billion and missed earnings estimates by -$.04.

In the last 3 years, TSLA traded as high as $488.54 and as low as $101.81.

The top ETF exchange traded funds that TSLA belongs to (by Net Assets): VTI, VOO, SPY, IVV, QQQ.

TSLA has outperformed the market in the last year with a return of +116.0%, while the SPY ETF gained +26.1%. In the last 3 month period, TSLA beat the market returning +61.9%, while SPY returned +6.2%. However, in the most recent 2 weeks TSLA has underperformed the stock market by returning -5.1%, while SPY returned +0.7%.

TSLA support price is $383.80 and resistance is $416.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TSLA shares will trade within this expected range on the day.