Explain future predictions, real-time stock prices, and future potential of Tesla stock prices
Today's stock price of Tesla (TSLA).(2024/8/27):$209.256
Tesla is a company with a unique business model of direct sales through its online store, and has revolutionized the automobile industry. In traditional automobile industry, sales were commonly done through physical stores called dealerships. However, Tesla is able to enhance communication with customers and develop products that meet their needs by utilizing its online store. This sales model allows Tesla to increase profit margins and differentiate itself from competition.
In addition, Tesla is known for actively adopting the latest technology. It started developing electric vehicles before other companies and has also been actively working on self-driving technology. Furthermore, in pursuit of the company's mission to accelerate the transition to sustainable energy worldwide, it has been expanding its energy-related business such as developing photovoltaic systems and batteries for storing clean energy. Tesla is a company that balances sustainability and economic growth through its unique business model and presents a new form of business.
Tesla's main products are Model 3 and Model Y, which account for about 96% of the annual customer deliveries in 2023. Model 3 is a sedan-type electric vehicle with attractive features such as acceleration and long range. On the other hand, Model Y is a sedan-type electric vehicle that takes up more interior space, and has become the best-selling car model in the world with over 1.2 million deliveries. Through such product lineup, Tesla provides innovative products and enhances its presence in the market by offering high-quality products to customers.
Check Tesla's latest stock price and real-time chart for free >>
Don't miss the latest news from Tesla >>
Watch Tesla's earnings call >>
Stock price movement of Tesla (TSLA)::2024/8/27
Review of Tesla's 24Q2 financial information
$Tesla(TSLA.US)$Tesla (TSLA.US) announced its Q2 2024 earnings call after the closing bell on July 23. While its Q2 revenue exceeded expectations, its operating profit and EPS both saw a double-digit decrease.
Earnings Call Update
Revenue increased by 2% year-on-year to $25.5 billion.
EPS (earnings per share) was $0.52, a 43% decrease from the same period last year.
Operating profit decreased by 33% compared to the same period last year, to 1.605 billion dollars.
Summary of Tesla's 2024Q2 financial data.
Indicators. | Financial results. |
Adjusted EPS. | $0.52. |
Revenue. | $25.5 billion. |
Operating profit. | $1.605 billion. |
Gross profit. | $4.578 billion. |
Capital investment. | $2.27 billion. |
Key financial indicators data.
While PER is still highly valued, EPS has decreased significantly by YOY. Revenue is YOY, but its growth has slowed down. Free cash flow (FCF) has significantly improved to dollars YOY, improving cash liquidity. Current ratio is YOY, increasing short-term financial health, but return on total assets (ROA) is YOY, and return on equity (ROE) is YOY, indicating a decrease in capital efficiency. Gross profit margin is YOY, indicating challenges in cost management. In addition, net profit margin has also significantly decreased by YOY, indicating a decrease in overall profitability.58.78and EPS is still highly valued, while EPS has decreased significantly by YOY.0.42compared to the same period last year (YOY)-46.15%is YOY$25.50Bsignificantly decreased by YOY+2.30%Free cash flow (FCF) is dollars YOY, significantly improving cash liquidity.$1.34Bin dollars, YOY+33.33%and has significantly improved.1.91significantly decreased by YOY+33.33%However, return on total assets (ROA) is YOY,+1.33%significantly decreased by YOY-56.31%Gross profit margin is YOY, indicating challenges in cost management.+2.26%significantly decreased by YOY-58.55%and overall capital efficiency has decreased. +17.95%significantly decreased by YOY-1.28%In addition, net profit margin has significantly decreased by YOY, indicating a decrease in overall profitability. +5.86%significantly decreased by YOY-44.13%, indicating a decrease in overall profitability.
Will Cybertruck be profitable this year? It is expected that a "more affordable new model" will start production in the first half of next year.
Tesla's global passenger carried in 2024 Q2 decreased by 4.8% compared to the same period last year, reaching 0.44 million3956 units. This is the second consecutive quarterly decline and is mainly due to the increase in the operational cost of AI projects, the decrease in EV customer deliveries and average selling prices (ASPs), and the cost of restructuring.
Although the number of automobiles produced in the second quarter decreased compared to the previous quarter, it is expected that the number of automobiles produced in the third quarter will increase compared to the previous quarter, and it is expected that the number of Cybertrucks produced will be increased to achieve profitability this year. In addition, it is expected that the profit growth rate of energy storage products and energy businesses will exceed that of the automobile business.
Robotaxi announcement postponed, new models to be provided next year: CEO Musk talks about the future outlook.
Tesla's stock price is expected to be lifted, and future growth is expected to be brought mainly by AI projects, especially Robo taxis and Optimus. Tesla continues to focus on cost reduction, lowering the cost per unit, and focusing on the growth of traditional hardware businesses and accelerating the development of AI products and services.
Tesla CEO Elon Musk says that discounts on electric cars are putting Tesla in a difficult situation, but it is a short-term problem, and they plan to offer affordable models in the first half of next year. He also said that the announcement of the robatexe is delayed by two months and the humanoid robot "Optimus" will be produced next year. Musk, who is impressed with Nvidia's GPU cluster, also said he wants to develop a supercomputer called "Dojo". He also indicated that he would determine investment in the Mexican "Gigafactory" after the US presidential election.
How to predict Tesla's future stock price- Recommended analyst ratings from moomoo securities
In stock investment, it is very important to analyze the company from the perspective of securities analysts. Analysts evaluate the value of companies from the perspective of investors and summarize the results of their analysis as analyst reports. By referring to this analyst's evaluation, investors can identify the future movements and target stock prices of stock prices, helping them to make more informed investment decisions. In particular, evaluations issued by well-known analysts or major financial institutions are highly valued in the market and can directly affect fluctuations in stock prices.
moomoo appBy using the analyst rating function, not only can you check the evaluation and target stock price of the company, but you can also access detailed data behind such evaluations. The information provided by analyst reports, such as future performance predictions and target stock prices, is an important information provider for investors to make more appropriate trading decisions.
Analyst ratings that can be confirmed on the moomoo site (for Tesla)
"Tesla stock page"Access"
"AnalysisClick
Check the latest "Tesla" analyst rating and target stock price
Check Tesla's performance estimate
Tesla's target stock price and analyst ratings by analysts
29As a result of detailed evaluation by analysts of Tesla's financial data, revenue, and stock price over the past few quarters, the evaluation of Tesla stock is:
Evaluations by analystsHold
The average target price for Tesla stock prediction is:$219.83
29As a result of detailed evaluation of Tesla's financial data, revenue and stock price trends over the past several quarters, the evaluation of Tesla's stock isHoldpredicted EPS to be$0.54predicted revenue to be$25.63Bpredicted EBIT to be$2.10Bdollars, and the average target stock price is$219.83Based on these predictions, analysts maintain a cautious position on Tesla's profitability and market performance.
Predicted technical analysis for Tesla:2024/8/27
Technical indicators | Value | Signal |
KDJ | ||
OSC | ||
BIAS | ||
RSI(12) | ||
RSI(24) | ||
MACD | ||
MA | ||
BOLL |
Multiple technical indicators of Tesla are showing a neutral state. KDJ, BIAS, RSI(12) and RSI(24) suggest neutrality. MACD is giving a signal of overbought. The moving averages (MA) are neutral in the range of 5 to 60 days, as well as BOLL. In the medium term, the market direction is unclear and volatile. As there is no clear trend in the long term, cautious trading is required.
moomoo Securities offers features that cater to a wide range of investment needs, and its comprehensive services, such as real-time stock price information, have gained attention. Not only can you trade US stocks 24 hours a day, but the industry's lowest transaction fees are also attractive. You can analyze the latest investment trends of large institutional investors such as Warren Buffett and apply them to your own investment strategy.Download the Moomoo app andstartopening an accountand get the latest Tesla-related information for free.
