Tesla (TSLA) Set to Release Earnings This Wednesday

Tesla (NASDAQ:TSLA) is scheduled to release its quarterly earnings report after the market closes on Wednesday, January 29th. Analysts are predicting that Tesla will announce earnings of $0.74 per share along with revenue estimated at $27.12 billion for this quarter. If you're interested in attending the company’s earnings conference call, you can find more information via the link provided.

Tesla Stock Performance

On Monday, TSLA stock opened at $406.58. The company boasts a significant market capitalization of $1.31 trillion, a price-to-earnings (PE) ratio of 111.39, and a price-to-earnings-growth (PEG) ratio of 8.42, showing a somewhat volatile stock performance with a beta of 2.30. The quick ratio stands at 1.37, while the current ratio is at 1.84, reflecting solid liquidity. Tesla's debt-to-equity ratio is quite low at 0.08. Over the past twelve months, the stock has fluctuated greatly, with a low of $138.80 and a high of $488.54. Currently, the fifty-day moving average sits at $398.82, and the 200-day moving average is at $294.26.

Insider Transactions

In recent developments, Tesla's Director Kimbal Musk sold 60,500 shares on November 1st, with an average sale price of $250.23, totaling approximately $15.14 million. After this sale, Musk still owns 1,563,220 shares, valued at around $391 million, indicating a 3.73% decrease in his holdings. Additionally, CFO Vaibhav Taneja sold 8,000 shares on November 8th at an average price of $300.37, resulting in a total of about $2.40 million. Post-sale, Taneja now holds 105,032 shares, worth approximately $31.55 million, reflecting a 7.08% reduction in his stock position. In total, insiders have sold 617,886 shares in the past quarter, valued at $212.45 million, while they collectively own 20.70% of the company's stock.

Recent Analyst Ratings

Several analysts have recently shared their insights on Tesla. Roth MKM upgraded Tesla from a "neutral" to a "buy" rating, adjusting their price target from $85 to $380 as of December 2nd. Canaccord Genuity also raised their price target for Tesla from $298 to $400, maintaining a "buy" rating as of January 3rd. Oppenheimer reiterated a "market perform" rating on January 8th, while Morgan Stanley upped their target price from $400 to $430 with an "overweight" rating on January 13th. New Street Research raised its rating from "neutral" to "buy," setting a $460 price target on January 6th. Overall, the consensus shows eight analysts with a sell rating, fourteen with a hold rating, sixteen indicating a buy rating, and just one strong buy rating, leading to a consensus rating of "Hold" with a target price averaging $313.84 according to MarketBeat.

About Tesla

Tesla, Inc. designs and manufactures electric vehicles and energy generation and storage systems. It operates primarily through two segments: Automotive and Energy Generation and Storage. The Automotive segment deals with electric vehicles, automotive regulatory credits, as well as various vehicle after-sales services including handling non-warranty repairs, used vehicles, parts, and more.

Tesla, Earnings, Market