Shares of Tesla(NASDAQ: TSLA)surged higher on Wednesday, extending the stock's early momentum in 2021. Shares rose as much as 5.3% but were up 4.8% as of 12:35 p.m. EST. The stock's gain is likely due to a combination of broader market strength in renewable energy stocks and an upgraded analyst price target for Tesla shares.
When will Tesla stock go back up?
· Shares of electric car maker Tesla ( TSLA -8.26%) continued their sharp trend upward this week. The stock rose as much as 11.1% during the week and was up 10.6% as of this writing, according to ...
Where will Tesla stock be in 5 years?
· Shares of Tesla ( TSLA -0.64%) jumped on Thursday. The growth stock was up 3.3% as of 12:50 p.m. EDT. The stock's gain comes after the company reported better-than-expected third-quarter results ...
How high will Tesla stock grow?
· Shares of Tesla (NASDAQ: TSLA) surged higher this week, rising as much as 20.9%, according to data from S&P Global Market Intelligence. As of this writing on Friday morning, the stock is up a ...
What is next for Tesla stock?
· Investors and analysts have reason to believe that Tesla's production capacity will grow substantially in 2021 as new manufacturing plants in Berlin, Germany and Austin, Texas …
Why is Tesla stock increasing so much?
Higher rates hurt richly valued growth stocks such as Tesla more than others because the bulk of those companies' profits are expected to roll in years from now. When rates rise, the discounted current value of those future earnings falls. The move seems to be a carry-over from events earlier in the week.
Will Tesla stock go up in 2021?
Tesla stock gained 50% in 2021, better than the 27% and 19% respective returns of the S&P 500 and Dow Jones Industrial Average. It was a solid result following on Tesla stock's massive 743% gain in 2020.
Is Tesla a good stock to buy 2021?
TSLA's growth prospects also seem to be very promising. In 2021, Tesla produced over 930,000 cars. Moreover, it aims to reach 20 million EV sales per year by 2030 , and at Tesla's current growth rate, it is definitely possible.
Why did Tesla stock jump today?
Tesla said rising input costs were causing difficulties. TSLA -9.07% shares climbed Thursday after the electric-vehicle maker posted its highest quarterly profit to date. The stock closed up $ 31.58 , or 3.2%, at $1,008.78 a share.
Is Tesla a long term buy?
(NASDAQ:TSLA) delivered a -6.79% return since the beginning of the year, while its 12-month returns are up by 33.32%. The stock closed at $985.00 per share on April 15, 2022. "Over the last several months, we have become increasingly bullish on Tesla, our largest holding.
Is Tesla expected to rise?
Tesla earnings are expected to grow about 30% between 2022 and 2023. That is down from about 75% growth expected for 2022 from 2021. And rising interest rates can have a depressing impact on stock valuations. Interest rates, and inflation, can alter expected returns.
Why did Elon Musk sell Tesla stock?
Elon Musk sold millions of Tesla stocks last week to ensure he has enough cash on hand to purchase Twitter.
Can you buy 1 share of Tesla?
As noted, the minimum investment is just $10 – which means that you can buy a fraction of one Tesla stock.
Is Tesla going to split again?
Tesla will likely join Amazon, Google and GameStop by splitting this year, but shareholders need to approve the plan first.
Is Tesla stock going to go up tomorrow?
Tomorrow's movement Prediction of Tesla, Inc. TSLA as on 06 May 2022 looks Bearish... There has been some negative changes in this stock and it appears that this sentiment can continue tomorrow....Munafa value: 35 as on 06 Fri May 2022.Downside target820.7Upside target976.99Upside target1001.357 more rows
Key Points
Tesla is on pace to easily meet or exceed its vehicle delivery guidance for 2021.
NASDAQ: TSLA
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
What happened
Shares of Tesla ( TSLA ) jumped on Thursday. The growth stock was up 3.3% as of 12:50 p.m. EDT.
So what
On Wednesday afternoon, Tesla said its revenue rose 57% year over year to $13.8 billion, driven by a 73% jump in vehicle deliveries. Adjusted earnings per share increased 145% year over year to a record $1.86. These results compare to analysts' consensus forecasts for revenue and adjusted earnings per share of $13.6 billion and $1.59, respectively.
NASDAQ: TSLA
The company's surging sales and robust financial results are particularly impressive considering the current challenging operating environment.
Now what
Importantly, Tesla reiterated its guidance for deliveries to grow at an average annualized rate of more than 50% over "a multi-year horizon." But management warned that its rate of growth will ultimately be dependent on "the successful introduction of many new product and manufacturing technologies in new locations, ongoing supply chain related challenges and regional permitting.".
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
Where is Tesla's factory?
Tesla's factory in California. Image source: The Motley Fool.
Who is the Motley Fool?
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.
When did Tesla stock split?
A stock split in summer 2020, which made Tesla shares more affordable to individual investors (even while changing nothing about the stock's fundamental value), helped drive retail investor enthusiasm. And Tesla's addition to the S&P 500 later that year, a de-facto vote of confidence by the index committee which compelled funds that track the index to buy the stock, helped even further.
Where is Tesla made in 2021?
Investors and analysts have reason to believe that Tesla's production capacity will grow substantially in 2021 as new manufacturing plants in Berlin, Germany and Austin, Texas get up and running. And many think demand for Tesla's cars will keep growing, especially in China — where the EV maker has already done exceptionally well.
How many cars did Tesla sell in 2020?
Tesla also doesn't sell even close to the amount of vehicles as the competitors its valuation now dwarfs. Tesla sold just shy of 500,000 cars globally last year. In the US alone in 2020, GM's total sales were more than five times that amount, while Ford sold nearly 800,000 F-Series pickups.
How much did Tesla lose in 2020?
Short sellers lost $38 billion over the course of Tesla's monumental 2020 rally. That epic surge has made Tesla the most valuable car company in the world, catapulting it above and beyond Goliaths like Toyota and Ford.
Who is Elon Musk?
There's a final factor that can't be overlooked: outspoken chief executive Elon Musk. The eccentric, meme-loving mogul has inspired legions of loyal Tesla evangelists and investors, largely through his irreverent Twitter feed and other ambitious ventures like SpaceX, PayPal, and Neuralink.
Is Tesla's valuation grounded in reality?
Tesla's sky-high valuation, many argue, isn't grounded in reality. Despite all of those potential upsides, many experts argue that the frenzy surrounding Tesla is nothing more than a bubble that will burst sooner or later. By conventional measures, they point out, Tesla's valuation is completely out of whack with the rest of the auto industry.
How much did Tesla invest in bitcoin?
Tesla announced earlier this month that it had invested $1.5 billion in bitcoin. That helped feed the recent rally in bitcoin and by some estimates earned Tesla a quick $1 billion profit — more than it has ever made from selling cars in a single year.
Does Tesla have in house batteries?
He said that even with Tesla’s own in-house supply of batteries and its planned expansion of battery production, the company is scrambling to find the batteries it wants to build more vehicles. “The fundamental limit on electric vehicles right now, in general, is total availability of [battery] cells,” he said.
Is Tesla worth it in 2020?
Tesla shares rose a market-leading 743% in 2020, as investors embraced the idea that the future of the auto industry would be electric. Tesla remains by far the most valuable automaker in the world, with a market value well above that of the eight largest automakers combined.
Does Tesla make money?
The earnings showed that the money Tesla made from the sale of regulatory credits to other automakers outpaced its overall net income. Critics, like Johnson, said it's proof Tesla isn't able to make money building and selling cars (although by some other profit measures Tesla is profitable).
Is Tesla the most valuable automaker in the world?
Tesla remains by far the most valuable automaker in the world, with a market value well above that of the eight largest automakers combined. Even with the recent decline. Tesla shares are up about 1,300% since October 2019, when it reported a third-quarter profit that surprised investors, sending shares on a tear.
Can the electric car maker sustain its momentum?
Rakesh Sharma is a writer with 8+ years of experience about the intersection between technology and business. Rakesh is an expert in investing, business, blockchain, and cryptocurrencies.
The Tesla Financial Complex
While retail investors (and CEO Elon Musk’s tweets) have played a major role in Tesla's ascent, at the heart of the electric car maker's meteoric rise lies what the Financial Times terms a "Tesla financial complex." 1 Included in this complex are an assortment of investment products— options, equity-linked funds, climate tech-focused investment vehicles—and they exert a massive influence in the equity and derivatives markets..
Should Investors Expect Further Gains?
During times of excess, fundamentals take a backseat. And so it has been with Tesla. Even though the company makes a fraction of the cars of its competitors such as Ford Motor Company ( F) and General Motors Company ( GM ), it sported roughly five times their combined market cap in December 2021.
How much is Elon Musk's electric car worth?
The market value of Elon Musk’s electric vehicle company jumped to over $800 billion in January, before dropping to less than $600 billion in February and is now up again at about $649.7 billion. Lekander believes there is an opportunity for incumbents to make a comeback in 2021.
Is Tesla going to take a dive?
Tesla Inc (NASDAQ: TSLA) shares are going to take a sharp dive as interest rates rise in the aftermath of the COVID-19 pandemic, Lansdowne Partners fund manager Per Lekander told CNBC on Tuesday.
Is Volkswagen a rival to Tesla?
UBS analysts earlier this month said Volkswagen will emerge as a prime rival to Tesla by 2025 in the EV segment over newer EV-exclusive rivals like Nio Inc (NYSE: NIO) or Xpeng Inc (NYSE: XPEV ).
What happened
Shares of Tesla (NASDAQ: TSLA) were trading lower on Monday after a U.S. government agency announced an investigation into the company's Autopilot hands-free driving system.
So what
The National Highway Traffic Safety Administration (NHTSA) said that it has opened a formal safety probe into Tesla's driver-assist systems after a series of crashes involving emergency vehicles. (The investigation was opened on Friday, but it was first reported on Monday morning.)
Now what
While NHTSA's investigation is focused on Tesla, it's also a signal to the industry at large that its regulators are now looking carefully at the so-called "self-driving" space. Auto investors should note that this could have consequences for other companies developing advanced driver-assist or autonomous-vehicle systems.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
