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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 a robotaxi. Global deliveries in 2023 were a little over 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 November 21, 2024, TSLA stock price climbed to $343.01 with 43,413,974 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 $1.10 trillion. This is considered a Mega Cap stock.
Last quarter Tesla reported $25 billion in Revenue and $.72 earnings per share. This fell short of revenue expectation by $-188 million and exceeded earnings estimates by $.14.
In the last 3 years, TSLA traded as high as $402.67 and as low as $101.81.
The top ETF exchange traded funds that TSLA belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
TSLA has outperformed the market in the last year with a price return of +45.6% while the SPY ETF gained +32.4%. TSLA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +55.1% and +18.9%, respectively, while the SPY returned +6.7% and +0.6%, respectively.
TSLA support price is $327.56 and resistance is $356.50 (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.