For its second fiscal quarter (ending June 30), Tesla Inc (NASDAQ: TSLA) has reported a -46% decline in E.P.S. from $0.85 a year ago to $0.46 in the current quarter. This result fell short of the consensus estimate of $0.59 by $-0.13. For the latest four quarters through June 30, E.P.S. were $3.90 versus $3.88 for the same period a year ago — an increase of 1%.
Recent Price Action
Tesla Inc (NASDAQ: TSLA) stock closed at $246.38 on 7/23/24 after a decline of -2.0%. This decline was accompanied by normal trading volume. The stock has declined -2.5% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
TSLA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tesla has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Tesla has a slightly negative Appreciation Score of 37 and a very low Power Rating of 4, and the Lowest Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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