No Stopping Tesla Inc (NASDAQ: TSLA) These Days

Tesla Inc (NASDAQ:TSLA) does about 91.47M shares in volume on a normal day but saw 156639246 shares change hands in Monday trading. The company now has a market cap of 806.68B USD. Its current market price is $252.94, marking an increase of 0.56% compared to the previous close of $251.52. The 52 week high reached by this stock is $299.29 whilst the lowest price level in 52 weeks is $138.80.

Tesla Inc (TSLA) has a 20-day trading average at $197.51 and the current price is -15.49% off the 52-week high compared with 82.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $185.38 and its 200-day simple moving average is $205.42. If we look at the stock’s price movements over the week, volatility stands at 5.68%, which decreases to 4.41% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 85.35 to suggest the stock is overbought.

The consensus objective for the share price is $196.30, suggesting that the stock has a potential downside of -28.85% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 05, 2024 when China Renaissance upgraded the stock to “Buy” and issued a price target of $290. Guggenheim reiterated its price target at $126-$134.

Tesla Inc (TSLA) stock is up 27.82% over the week and 44.54% over the past month. Its price is 1.79% year-to-date and -8.53% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -28.85 percent from here.

The company has a return on investment of 19.19% and return on equity of 24.28%. The price to earnings ratio (P/E ratio) amounts to 64.64 while the forward price to earnings ratio is 75.93. The beta has a value of 2.32. Price to book ratio is 12.53 and price to sales ratio is 8.51.