Search results
Results from the WOW.Com Content Network
After finishing 2024 with a meteoric rise in its share price, Tesla (NASDAQ: TSLA) has been sliding since the start of the new year. The company reported earnings on Jan. 29, and the stock has ...
"So Tesla's vulnerability is it could drop by 50% if things don't work out for it this year. So we sell Tesla stock. We still have tons of it, and we sell it because we think it's pretty overvalued."
With Tesla already trading at a market cap of $1.5 trillion and a P/E ratio of 200, the stock seems more likely to underperform than not next year, despite the current investor enthusiasm.
Tesla stock is wildly expensive, which could lead to a drop of 50% or more Tesla generated $2.04 in earnings per share (EPS) during 2024, placing its stock at a price-to-earnings ratio (P/E) of 161.
Tesla shares hit an all-time intraday high of $415.50 in November of 2021, adjusted for a 3-for-1 stock split that took effect in August 2022. Tesla sales fell sharply last quarter as competition ...
In a note on Monday, the bank maintained its "sell" rating on Tesla stock and issued a price target of $226 a share. Though that's slightly higher from the bank's previous price target of $197 a ...
To send Tesla's stock tumbling less than two months into 2025. Shares of the electric vehicle maker led by Musk are down 28% to $349.18 since hitting a record high on Dec. 18, 2024, weeks after ...
After steep decline in 2022 and a stunning 102% rally in 2023, Tesla (NASDAQ: TSLA) stock lost ground again in the first half of 2024, falling by 20.4%, according to data provided by S&P Global ...