For its third fiscal quarter (ending September 30), Tesla Inc (NASDAQ: TSLA) has reported E.P.S. of $0.68 compared to $0.58 a year ago. E.P.S. were $4.00 for the latest four quarters through September 30 versus $3.41 for the same period a year ago.
Recent Price Action
On 10/23/24, Tesla Inc (NASDAQ: TSLA) stock declined modestly by -2.0%, closing at $213.65. NORMAL trading volume accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.7% 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tesla has a neutral Appreciation Score of 43 but a good Power Rating of 76, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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