Tesla Inc (NASDAQ: TSLA) stock enjoyed a major increase of 12.1% on 4/24/24. The shares closed at $162.13. Moreover, trading volume in this advance was unusually high at 182% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 3.2% during the last week.
Current PriceTarget Research Rating
TSLA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Tesla has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Tesla has a neutral Appreciation Score of 57 but a very low Power Rating of 3, with the Lowest Value Trend Rating the result.
Rating Review
In light of this very positive 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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