As of November 11, 2024, Tesla's (TSLA) closing price was $344.981.
The enterprise value of Tesla is $1151.66 billion2.
TSLA Trend
Price Prediction:
The stock has been on a bullish trend for the past month, with a 14-day bullish trend duration
The continuation probability for this trend is 83%, indicating a strong likelihood of the trend continuing
Tesla's stock reached a $1 trillion market capitalization for the first time since 2022, and it has a 29% year-to-date gain3.
TSLA Trend
Production and Services:
Tesla is a leading electric vehicle (EV) manufacturer and has also expanded into energy generation and storage4.
The company has a strong focus on innovation, particularly in the EV segment and has developed a dynamic technology innovator4.
Tesla's energy generation/storage business has seen significant growth, although it remains a smaller segment compared to its automotive operations4.
Market Position and Growth:
Tesla captures a significant portion of the U.S. EV market and has set ambitious targets for future growth, including a 20-30% volume growth forecast for the next year5.
The company has recently extended its gains after reaching a $1 trillion market value, benefiting from Donald Trump's reelection as U.S. president3.
Tesla's stock has seen a substantial rise following the U.S. presidential elections, with short sellers experiencing significant losses67.
Financial Performance and Valuation:
Tesla's Q3 earnings exceeded expectations with a reported 9% rise in revenue year-over-year5.
The company has strong free cash flow (FCF) margins, which analysts use to estimate a higher intrinsic value for the stock8.
Despite the strong performance, Tesla's stock could experience a pullback in the short term, making it an attractive option for shorting out-of-the-money put options8.
In conclusion, Tesla (TSLA) is a high-growth company with a strong market presence in the EV sector and emerging segments in energy generation and storage. Its recent stock price surge has been driven by a combination of factors including positive earnings results, strategic guidance, and favorable market conditions. While the intrinsic value suggests a higher price is possible in the medium to long term, the stock's current valuation and recent volatility indicate both opportunity and risk for investors.
Source:
1.
TSLA Closing Price
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