On 7/24/24, Tesla Inc (NASDAQ: TSLA) stock suffered a major decline of -12.3%, closing at $215.99. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. Relative to the market the stock has been weak over the last nine months and has declined -15.8% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Tesla has a slightly negative Appreciation Score of 37 and a very low Power Rating of 4, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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