If the 5: 1 stock split announced by Tesla on August 11 does not improve the company's fundamentals in any way, investors would be better advised to buy and hold their shares now than to charge more than $80 for the price after Monday's announcement. Tesla's stock rally has accelerated since the split came into effect (read more).
Of the 36 analysts surveyed by FactSet, only seven (19%) have a corresponding purchase valuation of Tesla stock. But the most bullish analysts and investors say that selling cars is the company's most important long-term growth opportunity. According to a new report from the New York Stock Exchange, more than half of all active exchange-traded fund managers estimate that the company's share price will reach $7,000 by 2024.
This calculation assumes that Tesla will produce more than 100,000 cars a year and operate a fully autonomous taxi network. Tesla's vehicles have been a hit, and production figures have exceeded expectations even during the pandemic. If Toyota sold as many cars as Tesla did last year, the company would be worth more to Toyota. Sources: 0, 6
Damodaran has owned Tesla shares before, but he's not a short seller - he sells Tesla haters and he doesn't behave like a Tesla hater. Sources: 0
This kind of share rise, Damodaran said, is hard to justify on the basis of traditional financial metrics. Still, he believes the company's value is ultimately linked to fundamental factors. Sources: 0, 3
Tesla's next potential news catalyst is likely to be battery day on September 22, which Wedbush analyst Dan Ives recently said he expects to see a number of potential "game-changing" developments. In essence, it suggests that it is not good or bad fundamental news that matters, but how investors view it. Sources: 3
Since taking the helm of the electric car maker in 2008, company CEO Elon Musk has defied adversity and exceeded expectations. One of these developments is a battery with a range of one million miles that could theoretically support the electric car for a million miles, putting Tesla miles ahead of its gasoline-powered automotive competitors. Sources: 3, 4
On January 4, Tesla announced that it delivered 189,750 electric vehicles in the fourth quarter, surpassing estimates of 174,000 and setting a new quarterly record. Wedbush analyst Dan Ives called the development "an important sign for the company's bulls," as Tesla has seen robust Model 3 demand in the last 10 months despite headwinds from Covid, Ives wrote in a note to customers. Tesla's stock is a buy after setting a record delivery record in the fourth quarter. Sources: 4
The company, which is leading the automotive industry into a battery-powered future, has invested heavily in its electric vehicle technology and battery technology and is reaping sizeable profits over time. Sources: 2
While analysts surveyed by Refinitiv had expected the company to post an average loss, a surprisingly strong report on vehicle deliveries boosted many private investors "hopes for a profitable quarter. Shares in Tesla, the world's second-largest electric car maker, soared on the news, with users debating whether to keep their shares in the hope of an even higher cash return. Sources: 2
Tesla's high share price appears to be the result of a number of factors, including the company's strong earnings report and its high valuation. Tesla is one of those stocks that investors can make money on by betting that their price will rise. If investors realize that the stock could continue to rise, for example, after a very good earnings report, they are forced to close their positions and buy back shares to prevent further losses. Sources: 5
The additional demand from Tesla's short sellers has led to a so-called short squeeze, which has pushed the share price even higher. There are a number of ways to buy Tesla shares, but the easiest is to do this through a broker account with the help of a financial adviser. Sources: 1, 5
Under CEO Elon Musk's leadership, the company develops, manufactures, designs and markets electric cars, electric trucks and buses, as well as electric vehicles. The company's success in the electric car market and its high valuation have prompted many investors to buy shares. Sources: 1
Still, Ives is an analyst who has recommended a buy on his hold, with his $380 price target suggesting the stock could fall 24%. Consider using our financial adviser to pair you with a local adviser near you. Sources: 1, 3
Year to date, Tesla shares have risen nearly fivefold, by 468%, and the S & P 500 index of U.S. stocks has gained 9.2%. Sources: 3
Looking at the actual underlying risks, the most recent Tesla quarterly report, released on July 28, provides the company's financial results for the second quarter of 2016 and its fiscal year to date. Sources: 3
According to data from investment platform Robintrack.net, the number of users holding Tesla shares through the Robinhood trading platform has increased by more than 400% compared to the same time a year ago. Tesla shares are the second-largest market capitalization of any U.S. automaker, behind Only Apple Inc. (NASDAQ: AAPL). While the total number of Tesla retail investors is not known, large institutional investors and Tesla executives, including CEO Elon Musk, hold about 75 percent of the company's shares, according to the data.
This calculation assumes that Tesla will produce more than 100,000 cars a year and operate a fully autonomous taxi network. Tesla's vehicles have been a hit, and production figures have exceeded expectations even during the pandemic. If Toyota sold as many cars as Tesla did last year, the company would be worth more to Toyota. Sources: 0, 6
Damodaran has owned Tesla shares before, but he's not a short seller - he sells Tesla haters and he doesn't behave like a Tesla hater. Sources: 0
This kind of share rise, Damodaran said, is hard to justify on the basis of traditional financial metrics. Still, he believes the company's value is ultimately linked to fundamental factors. Sources: 0, 3
Tesla's next potential news catalyst is likely to be battery day on September 22, which Wedbush analyst Dan Ives recently said he expects to see a number of potential "game-changing" developments. In essence, it suggests that it is not good or bad fundamental news that matters, but how investors view it. Sources: 3
Since taking the helm of the electric car maker in 2008, company CEO Elon Musk has defied adversity and exceeded expectations. One of these developments is a battery with a range of one million miles that could theoretically support the electric car for a million miles, putting Tesla miles ahead of its gasoline-powered automotive competitors. Sources: 3, 4
On January 4, Tesla announced that it delivered 189,750 electric vehicles in the fourth quarter, surpassing estimates of 174,000 and setting a new quarterly record. Wedbush analyst Dan Ives called the development "an important sign for the company's bulls," as Tesla has seen robust Model 3 demand in the last 10 months despite headwinds from Covid, Ives wrote in a note to customers. Tesla's stock is a buy after setting a record delivery record in the fourth quarter. Sources: 4
The company, which is leading the automotive industry into a battery-powered future, has invested heavily in its electric vehicle technology and battery technology and is reaping sizeable profits over time. Sources: 2
While analysts surveyed by Refinitiv had expected the company to post an average loss, a surprisingly strong report on vehicle deliveries boosted many private investors "hopes for a profitable quarter. Shares in Tesla, the world's second-largest electric car maker, soared on the news, with users debating whether to keep their shares in the hope of an even higher cash return. Sources: 2
Tesla's high share price appears to be the result of a number of factors, including the company's strong earnings report and its high valuation. Tesla is one of those stocks that investors can make money on by betting that their price will rise. If investors realize that the stock could continue to rise, for example, after a very good earnings report, they are forced to close their positions and buy back shares to prevent further losses. Sources: 5
The additional demand from Tesla's short sellers has led to a so-called short squeeze, which has pushed the share price even higher. There are a number of ways to buy Tesla shares, but the easiest is to do this through a broker account with the help of a financial adviser. Sources: 1, 5
Under CEO Elon Musk's leadership, the company develops, manufactures, designs and markets electric cars, electric trucks and buses, as well as electric vehicles. The company's success in the electric car market and its high valuation have prompted many investors to buy shares. Sources: 1
Still, Ives is an analyst who has recommended a buy on his hold, with his $380 price target suggesting the stock could fall 24%. Consider using our financial adviser to pair you with a local adviser near you. Sources: 1, 3
Year to date, Tesla shares have risen nearly fivefold, by 468%, and the S & P 500 index of U.S. stocks has gained 9.2%. Sources: 3
Looking at the actual underlying risks, the most recent Tesla quarterly report, released on July 28, provides the company's financial results for the second quarter of 2016 and its fiscal year to date. Sources: 3
According to data from investment platform Robintrack.net, the number of users holding Tesla shares through the Robinhood trading platform has increased by more than 400% compared to the same time a year ago. Tesla shares are the second-largest market capitalization of any U.S. automaker, behind Only Apple Inc. (NASDAQ: AAPL). While the total number of Tesla retail investors is not known, large institutional investors and Tesla executives, including CEO Elon Musk, hold about 75 percent of the company's shares, according to the data.
