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UPDATED: Dec 16, 2024
STOCK ANALYSIS
Tesla
NASDAQ:TSLA
$436.23
$18.13 | 4.34%
Day Range:
$415.71 - $436.30
Market Cap:
1.40T
P/E Ratio:
114.5479
Avg Value:
$287.55
Year Range:
$138.80 - $436.30
1
Company Description
Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software.
The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and a robotaxi. Global deliveries in 2023 were a little over 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.
2
TSLA (TSLA) Stock Graph
3
How We Grade TSLA (TSLA)
We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.
The chart below shows how we grade Tesla (TSLA) across the board compared to its closest peers.
4
Peer Ratings
TM : NYSE
Toyota Motor
GM : NYSE
General Motors
F : NYSE
Ford Motor
HMC : NYSE
Honda Motor Co
5
Future Growth
Our estimate of future price growth is based on an aggregation of 50 analyst ratings over the past 3 months and their 12-month price targets.
Below, you can see that analysts are estimating a 12-month price target range of $24.86 - $411.00 with an average of $257.58
-40.92%
Expected movement for Tesla (TSLA) over the next 12 months
Based on these rankings
Recent Ratings for Tesla (TSLA)
Goldman Sachs
Date:
Dec 11, 2024
Action:
Maintains
Prev. Target:
$250.00
New Target:
$345.00
Cantor Fitzgerald
Date:
Dec 10, 2024
Action:
Maintains
Prev. Target:
$255.00
New Target:
$365.00
Morgan Stanley
Date:
Dec 10, 2024
Action:
Maintains
Prev. Target:
$310.00
New Target:
$400.00
Deutsche Bank
Date:
Dec 9, 2024
Action:
Maintains
Prev. Target:
$295.00
New Target:
$370.00
Guggenheim
Date:
Dec 5, 2024
Action:
Maintains
Prev. Target:
$156.00
New Target:
$175.00
B of A Securities
Date:
Dec 5, 2024
Action:
Maintains
Prev. Target:
$350.00
New Target:
$400.00
Roth MKM
Date:
Dec 2, 2024
Action:
Upgrades
Prev. Target:
$85.00
New Target:
$380.00
Stifel
Date:
Dec 2, 2024
Action:
Maintains
Prev. Target:
$287.00
New Target:
$411.00
UBS
Date:
Nov 25, 2024
Action:
Maintains
Prev. Target:
$197.00
New Target:
$226.00
6
Valuation
Earnings History (3 years)
It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.As you can see from the chart above, TSLA's earnings have fluctuated but has decreased since, this is a negative sign for the stock.
7
Financial Health
What is the current state of the company's financial situation?
We measure the health of a company based on how profitable they are and their ability to cover both their short-term and long-term debts. The key indicators that we use are the Operating Margin, Quick Ratio, and Debt-to-Equity ratio relative to the companies peers
Operational Margin 0.1101
The operating margin measures how much profit a company makes after it spends money on wages, materials or other administrative expenses but before interest and taxes. It is a good representation of how efficiently a company is able to generate profit from its core operations.
Quick Ratio 1.2088
The quick ratio measures how much of a company's debt, that is due in less than 1 year, can be covered using its cash equivalents, marketable securities, and money that is currently owed to them (accounts receivables).
A company with a quick ratio of less than 1.00 does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a quick ratio greater than one indicates the company has the financial resources to remain solvent in the short term.
Debt-to-Equity 0.7027
Debt-to-equity is calculated by dividing a company's total liabilities by its shareholders equity. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. Generally speaking, a D/E ratio below 1.0 would be seen as relatively safe, whereas ratios of 2.0 or higher would be considered risky.
The chart above shows Tesla (TSLA) operating margin, quick ratio, and debt-to-equity ratio compared to its peers. The black markers represent the peer averages for each ratio and the blue bars represent Tesla (TSLA) ratio values.
8
Past Performance
How has Tesla (TSLA) performed over the past 5 years?
The two main factors that we consider when analyzing past performance is overall return and volatility
Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.
This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.
Tesla (TSLA) sharpe ratio over the past 5 years is 2.7697 which is considered to be above average compared to the peer average of -0.0688
9
Analyzing TSLA (TSLA) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.
Based on our data, TSLA's options trades have recently carried more negative sentiment than positive.
10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.The main purpose of an income statement is to convey details of profitability and business activities. Below, is TSLA's income statement for the previous four years along with its trailing-twelve- month profit & loss.
FISCAL YEAR (BIL.)
2019 ($)
2020 ($)
2021 ($)
2022 ($)
TTM ($)
Total Revenue
31.54
53.82
81.46
96.77
97.15
Operating Revenue
31.54
53.82
81.46
96.77
97.15
Cost Of Revenue
24.91
40.22
60.61
79.11
79.44
Gross Profit
6.63
13.61
20.85
17.66
17.71
Operating Expense
4.64
7.11
7.02
8.77
9.47
Selling General And Administration
3.15
4.52
3.95
4.80
5.12
Research and Development
1.49
2.59
3.08
3.97
4.36
Operating Income
1.99
6.50
13.83
8.89
8.23
Net Non-Operating Interest Income Expense
-0.72
-0.32
0.11
0.91
1.15
Other Income Expense
-0.12
0.16
-0.22
0.17
-0.96
Other Non-Operating Income Expenses
-0.12
0.14
-0.04
0.17
-0.29
Pre-Tax Income
1.15
6.34
13.72
9.97
8.41
Tax Provision
0.29
0.70
1.13
-5.00
-4.35
Net Income
0.69
5.52
12.58
15.00
12.70
Net Income Common Stockholders
0.69
5.52
12.59
14.99
12.74
Total Operating Income As Reported
1.99
-6.52
13.66
8.89
7.56
Total Expenses
29.54
47.33
67.63
87.88
88.92
Net Income From Continuing And Discontinued Operation
0.69
5.52
12.58
15.00
12.70
Normalized Income
0.69
5.50
12.75
15.00
13.24
Interest Income
0.03
0.06
0.30
1.07
1.46
Interest Expense
0.75
0.37
0.19
0.16
0.32
Net Interest Income
-0.72
-0.32
0.11
0.91
1.15
EBIT
1.90
6.71
13.91
10.13
8.73
EBITDA
4.22
9.62
17.66
14.80
13.83
Reconciled Cost Of Revenue
24.91
40.22
60.61
79.11
79.44
Reconciled Depreciation
2.32
2.91
3.75
4.67
5.10
Normalized EBITDA
4.22
9.60
17.83
14.80
14.51
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.22
Tax Effect Of Unusual Items
0.00
0.00
-0.01
0.00
-0.14
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.It breaks down what acompany owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.
FISCAL YEAR (BIL.)
2019 ($)
2020 ($)
2021 ($)
2022 ($)
TTM ($)
Total Assets
52.15
62.13
82.34
106.62
119.85
Current Assets
26.72
27.10
40.92
49.62
56.38
Total Non-Current Assets
25.43
35.03
41.43
57.00
63.47
Total Liabilities Net Minority Interest
28.47
30.55
36.44
43.01
49.14
Current Liabilities
14.25
19.70
26.71
28.75
30.58
Other Non-Current Liabilities
0.44
0.32
0.55
0.88
1.00
Total Equity Gross Minority Interest
23.68
31.58
45.90
63.61
70.71
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
30.74
34.44
45.73
65.32
75.21
Common Stock Equity
22.23
30.19
44.70
62.63
69.93
Net Tangible Assets
21.70
28.47
44.11
62.02
69.52
Working Capital
12.47
7.39
14.21
20.87
25.80
Invested Capital
32.50
35.53
46.75
67.29
77.32
Tangible Book Value
21.70
28.47
44.11
62.02
69.52
Total Debt
13.28
8.87
5.75
9.57
12.78
Net Debt
0.00
0.00
0.00
0.00
0.00
Share Issued
2.88
3.10
3.16
3.19
3.21
Ordinary Shares Number
2.88
3.10
3.16
3.19
3.21
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from acompanies operations and investment activities.FISCAL YEAR (BIL.)
2019 ($)
2020 ($)
2021 ($)
2022 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
5.94
11.50
14.72
13.26
14.48
Net Income from Continuing Operations
0.86
5.64
12.59
14.97
12.76
Depreciation and Amortization
2.32
2.91
3.75
4.67
5.10
Deferred Tax
—
—
—
—
—
Deferred Income Tax
—
—
—
—
—
Stock-Based Compensation
1.73
2.12
1.56
1.81
1.90
Other Non-Cash Items
0.41
0.24
0.34
0.08
0.07
Change in Working Capital
0.18
0.52
-3.91
-2.25
-0.15
Change in Receivables
-0.65
-0.13
-1.12
-0.59
-0.82
Changes in Account Receivables
-0.65
-0.13
-1.12
-0.59
-0.82
Change in Inventory
-0.42
-1.71
-6.46
-1.20
-0.35
Change in Payables and Accrued Expense
2.10
4.58
6.03
2.60
5.13
Change in Payable
—
—
—
—
—
Change in Account Payable
—
—
—
—
—
Change in Other Current Assets
-1.42
-3.41
-4.12
-1.95
2.48
Change in Other Current Liabilities
0.49
0.48
1.90
—
—
Change in Other Working Capital
0.33
0.98
1.29
1.53
1.08
Cash Flow from Continuing Investing Activities
-3.13
-7.87
-11.97
-15.58
-15.99
Net PPE Purchase and Sale
-3.23
-6.51
-7.16
-8.90
-10.87
Net Business Purchase and Sale
-0.01
—
—
—
—
Purchase of Business
—
—
—
—
—
Net Investment Purchase and Sale
—
—
-5.81
-6.62
-5.12
Purchase of Investment
—
—
-5.84
-19.11
-26.69
Sale of Investment
—
—
—
12.49
21.57
Net Other Investing Changes
0.12
0.01
—
—
—
Financing Cash Flow
9.97
-5.20
-3.53
2.59
3.75
Cash Flow from Continuing Financing Activities
9.97
-5.20
-3.53
2.59
3.75
Net Issuance Payments of Debt
-2.49
-5.73
-3.87
2.12
3.10
Net Long-Term Debt Issuance
-2.49
-5.73
-3.87
2.12
3.10
Long-Term Debt Issuance
9.71
8.88
—
—
5.76
Long-Term Debt Payments
-12.20
-14.61
-3.87
-1.81
-2.66
Net Short-Term Debt Issuance
—
—
—
—
—
Net Common Stock Issuance
12.27
—
—
—
—
Common Stock Issuance
12.27
—
—
—
—
Common Stock Payments
—
—
—
—
—
Cash Dividends Paid
—
—
—
—
—
Net Other Financing Charges
-0.22
-0.18
-0.20
-0.23
-0.29
End Cash Position
52.56
69.39
74.00
66.43
63.98
Changes in Cash
12.78
-1.57
-0.78
0.26
2.25
Beginning Cash Position
39.44
71.14
75.22
66.16
61.60
Capital Expenditure
-3.24
-8.01
-7.17
-8.90
-10.87
Issuance of Capital Stock
12.27
—
—
—
—
Issuance of Debt
9.71
8.88
—
—
5.76
Repayment of Debt
-12.20
-14.61
-3.87
-1.81
-2.66
Repurchase of Capital Stock
—
—
—
—
—
Free Cash Flow
2.70
3.48
7.55
4.36
3.61