What is Tesla Inc. (TSLA) Stock Return on Shareholders’ Capital?

Tesla Inc. (NASDAQ: TSLA) stock fell -0.60% on Friday to $274.39 against a previous-day closing price of $276.04. With 133.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 124.43 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $278.97 whereas the lowest price it dropped to was $271.03. The 52-week range on TSLA shows that it touched its highest point at $313.80 and its lowest point at $101.81 during that stretch. It currently has a 1-year price target of $241.68. Beta for the stock currently stands at 2.08.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TSLA was up-trending over the past week, with a rise of 10.42%, but this was up by 21.63% over a month. Three-month performance surged to 7.23% while six-month performance rose 49.02%. The stock lost -9.33% in the past year, while it has gained 122.76% so far this year. A look at the trailing 12-month EPS for TSLA yields 3.52 with Next year EPS estimates of 4.66. For the next quarter, that number is 0.80. This implies an EPS growth rate of 121.70% for this year and 36.65% for next year. EPS is expected to grow by 10.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 39.90%.

Float and Shares Shorts:

At present, 3.17 billion TSLA shares are outstanding with a float of 2.76 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 82.09 million, which was 2.59% higher than short shares on Jul 30, 2023. In addition to Mr. Elon R. Musk as the firm’s Technoking of Tesla, CEO & Director, Mr. Andrew D. Baglino serves as its Sr. VP of Powertrain & Energy Engineering.

Institutional Ownership:

Through their ownership of 44.21% of TSLA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 26.44% of TSLA, in contrast to 17.43% held by mutual funds. Shares owned by individuals account for 13.82%. As the largest shareholder in TSLA with 6.65% of the stake, The Vanguard Group, Inc. holds 211,087,099 shares worth 211,087,099. A second-largest stockholder of TSLA, BlackRock Fund Advisors, holds 116,404,341 shares, controlling over 3.67% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TSLA, holding 104,115,390 shares or 3.28% stake. With a 2.64% stake in TSLA, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 83,923,636 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.04% of TSLA stock, is the second-largest Mutual Fund holder. It holds 64,883,564 shares valued at 16.75 billion. Fidelity 500 Index Fund holds 0.97% of the stake in TSLA, owning 30,618,380 shares worth 7.9 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, TSLA reported revenue of $16.93B and operating income of $2.61B. The EBITDA in the recently reported quarter was $3.58B and diluted EPS was $0.65.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TSLA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TSLA analysts setting a high price target of $400.00 and a low target of $85.00, the average target price over the next 12 months is $258.60. Based on these targets, TSLA could surge 45.78% to reach the target high and fall by -69.02% to reach the target low. Reaching the average price target will result in a decline of -5.75% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TSLA stock several times over the past three months with 5 Buys and 8 Sells. In these transactions, 29,000 shares were bought while 41,500 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 125 over the past year. The total number of shares bought during that period was 356,352 while 61,856,021 shares were sold.

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