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What is the latest on Tesla stock price?


Trevor Neal
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Hello Trevor, thanks for coming here.

It is expected that Tesla Inc. (NASDAQ: TSLA) will report its April-June earnings next week, with analysts waiting to see how much the shutdown of carmaker’s factory in Silicon Valley has influenced its sales objectives.   

Tesla reports car deliveries on a quarterly basis which represent the company’s sales as well as the production figures near the end of a quarter, meaning that we can expect the sales report next Thursday. The carmaker’s plant in Freemont, CA halted production during the quarter due to Covid-19 outbreak. 

The Wall Street expects Tesla to deliver 67,000 vehicles, 59,600 of which would be covered by the Model 3 sedans while the rest would be split between Model S luxury vehicle and Model X SUV, according to the FactSet survey. 

While the company hasn’t entirely given up on selling over 500,000 vehicles this year, it did say to investors that it had the necessary capacity to deliver more than 500,000 vehicles in 2020 in spite of production halts. 

In April, Tesla announced that it delivered 88,400 vehicles in Q1, calling it the best-ever first-quarter performance, which was just below the analysts’ estimates. 

Analysts at investment banking firm Evercore ISI expect Tesla to deliver between 80,000 and 84,000 vehicles in the second quarter, with sales in China compensating for sales drop in the United States and Europe. 

Analysts at Deutsche Bank, however, have different expectations.

“We estimate Tesla was able to produce 34,000 Model 3 units out of the Shanghai (factory) and about 21,000 in Fremont,” they noted. “But we do not believe Tesla was able to reach full Model Y production levels.”
 

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Hi Trevor, thanks for coming here. 

Tesla is definitely one of the hottest stocks out there. The company seems to be a magnet for all kinds of investors, ranging from hedge funds that control billions in assets to new retail traders that are hypnotized by Elon Musk. 

Tesla stock price has made gains in the past week again, despite Musk's infamous tweet “Tesla stock price is too high imo”, from a week ago. Since then, the shares of Tesla gained nearly 8%. Practically, whenever Elon talks he makes headlines. 

When it comes to the valuation of Tesla stock, it’s difficult to say. There are different methods of how you value a stock. Tesla’s stock market price is one thing while analysts also calculate the intrinsic value of Tesla stock. 

Right now, the analysts’ consensus for Tesla stock price is $615, which is much lower than the current market price of $819. Looking from this angle, you could definitely say that the Tesla stock is expensive and overvalued by the market. 

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Hi Trevor, thanks for asking the question.

Tesla (TSLA) stock has rocketed by around 500% over the past year and is on a good path to become one of the most valuable components of the S&P 500.

Tesla posted a much higher-than-expected earnings report, exceeding most analysts' estimates by far. To be more specific, the automaker managed to surpass consensus EPS estimates by nearly 7,000%, reporting $2.18 in EPS compared to the consensus three-cent estimate.

As for its future prospects, Tesla shares are likely to consolidate, with a potential pullback to the $1,000-$1,200 level, but the stock should ultimately surge sharply thanks to the company’s expanding revenues and earnings capabilities.
 

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My friends are saying that the stock price of Tesla could reach 2000$-3000$ in a few months. I hope that this will be real. Imagine what profit we could earn from such a big increase. Anyway, this is just a theory. More detailed information you could find on this tesla investor guide with a lot of details. This page will help you become a more informed investor. There you can find all the necessary details for a good analysis of that stock. I expect to make a good profit from Tesla stock at the end of this year.

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