Tesla, Inc. Consumer Goods | Auto Manufacturers - Major | USA Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. It primarily offers sedans and sport utility vehicles. The company also provides electric vehicle powertrain components and systems to other manufacturers; and services for electric vehicles through its 135 company-owned service centers and Service Plus locations, as well as through Tesla Ranger mobile technicians. It sells its products through a network of company-owned stores and galleries, as well as through Internet. In addition, the company offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, commercial facilities, and utility sites. Further, the company designs, manufactures, installs, maintains, leases, and sells solar energy systems to residential and commercial customers through a sales organization that include specialized internal call centers, outside sales force, a channel partner network, and a customer referral program, as well as through selected Tesla stores. Additionally, it sells renewable electricity generated by solar energy systems to customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Tesla, Inc. (TSLA) is confirmed to report earnings at approximately 4:10 PM ET on Wednesday, August 2, 2017. The consensus estimate is for a loss of $1.76 per share on revenue of $2.59 billion and the Earnings Whisper ® number is ($1.87) per share. Investor sentiment going into the company's earnings release has 21% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 93.41% with revenue increasing by 103.93%. Short interest has decreased by 11.4% since the company's last earnings release while the stock has drifted higher by 9.0% from its open following the earnings release to be 25.2% above its 200 day moving average of $267.65. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, July 24, 2017 there was some notable buying of 2,185 contracts of the $340.00 call expiring on Friday, August 18, 2017. The stock has averaged a 4.0% move on earnings in recent quarters.
Tesla (TSLA) Now the Biggest US Auto Company (If You Want to Call It an Auto Company) Sep 13, 2017 Tesla (TSLA) has zoomed past both Ford (F) and General Motors (GM) to become the largest automaker in the US. You can see the meteoric rise for Tesla (TSLA) in the market cap comparison chart below. Tesla (TSLA) is not only larger than the two main US automakers, but it’s also larger than many of the international automakers that you’re familiar with as well. Toyota (TM) is by far the largest company in the table below, but Tesla (TSLA) is in spitting distance of the three German automakers — Daimler (DAI), Volkswagen (VLKAY), and BMW. Up until recently, Tesla (TSLA) was always viewed as a car company first and foremost. Within the last year or so, however, the narrative has changed. The standard view now seems to be that Tesla is really a Tech company that happens to manufacture cars (among other things). It’s much easier to justify Tesla’s market cap and valuation when you view it as a Tech company versus comparing it to blue-chip US automakers like Ford or GM.
Welcome to the Trillion Dollar Club, Tesla (TSLA) Mon, Oct 25, 2021 After a 12% gain today on the back of a deal to sell 100,000 Model 3s to Hertz (HTZZ), Tesla (TSLA) joined the trillion dollar market cap club. In June of this year, Facebook (FB) joined the $1 Trillion Club, bringing the total companies in this exclusive club to five at the time. Below is a look at the one-year forward performance of the five companies that had hit the trillion dollar market cap level prior to Tesla doing so today. Facebook (FB) rallied a bit initially after first crossing $1 trillion, but the stock has been trading lower recently and now has a market cap of ~$925 billion. Amazon (AMZN) did the best in the year after first crossing $1 trillion, followed by Microsoft (MSFT) and Alphabet (GOOGL). Apple (AAPL) initially performed okay after first crossing $1 trillion, but then ran into some speed bumps and was essentially flat twelve months after it became the first company to cross the $1 trillion threshold. It of course remains to be seen how Tesla (TSLA) will do in the year ahead. Below we extend out even further by showing each of the $1 Trillion Club members' performance since first crossing the $1 trillion threshold. While Apple trended sideways in the first year after crossing $1 trillion, it surged in year 2 and beyond and currently has a market cap of ~$2.5 trillion. Microsoft (MSFT) has also kept running up to its current market cap of ~2.3 trillion. The six companies that have been $1 Trillion Club members at any point in time currently represent 25.2% of the S&P 500. With over a quarter of the index being comprised of these names, nearly every investor is tied to their performance in one way or another. The current market cap of these six names is over $10 trillion. To put that into perspective, that is nearly half of US 2020 GDP.
Tesla (TSLA) Not Enough To Lift ARK Innovation (ARKK) Wed, Oct 27, 2021 It has been awhile since we checked in on Cathie Wood's ARK ETFs, so below is an updated look at their relative strength versus the S&P 500 SPY ETF. After absolutely surging versus SPY in 2020 and early 2021, the ARK funds have generally been underperforming for the past six months. That being said, they're still well ahead of SPY since the start of 2020 given that all the relative strength lines are solidly in positive territory. As shown, the ARK Next Generation Internet ETF (ARKW) is doing the best versus SPY over the time period shown. Notably, the ARK Autonomous Tech (ARKQ), Genomic Revolution (ARKG), and Fintech Innovation (ARKF) ETFs have all performed roughly the same versus SPY since the start of 2020 even though they cover different industries and groups. Taking a look at the largest of the ARKK funds, the ARK Innovation ETF (ARKK) has basically been range bound between $100 and $125 over the last six months. As shown below, ARKK recently managed to re-take its 50-day moving average, but it had trouble getting above resistance at its 200-day moving average. That is even with the massive rally we've seen in Tesla (TSLA) lately, which is ARKK's largest holding at 10%. As previously mentioned, TSLA is by far the largest holding of ARKK, especially after having rallied 17.8% in the past week alone. Skillz (SKLZ) has actually posted an even larger 20.9% rally in the same span, but its weighting is far smaller at only 0.69%, meaning its gains have been much less impactful on ARKK's performance. As for the rest of the holdings, not even half are in the green over the past five days and only 38% are in the green year to date. Three holdings—Proto Labs (PRLB), Materialise (MTLS), and Berkeley Lights (BLI)—have seen their price more than cut in half since the start of the year. As shown in the snapshot of our Trend Analyzer below, the bulk of these stocks are also in sideways trends. Now in the throes of earnings season, most of the ARKK holdings have yet to report results but they are scheduled to do so in the coming weeks. Of those left to report, Roku (ROKU) has averaged the strongest one-day gain in reaction to earnings historically with strong beat rates for sales, EPS, and guidance. Speaking of beat rates, DocuSign (DOCU) is notable in having almost exclusively reported Triple Plays throughout its three-year earnings history.
Tesla (TSLA) Closing in on Two Facebooks (FB) Wed, Mar 30, 2022 Along with the rest of the market, two of the largest stocks, Tesla (TSLA) and Meta Platforms (FB), have been on substantial rallies this month. In the case of TSLA, the stock is roughly 10% away from its 52-week high after rising ~45% since its late February low. Facebook/Meta Platforms, on the other hand, peaked back in September with a massive drop in response to the last earnings report in February being the pinnacle of those declines. Losses continued until it put in a low on March 14th. Since then, the stock has rallied 22% but that still leaves it down over 40% from its 52-week high. As shown below, Facebook had a much larger market cap than Tesla throughout the 2010s, but the 2020s have seen Tesla take the lead in a big way. While both have been members of the "trillion dollar market cap" club at various points in time, only Tesla holds that distinction right now. At the moment, Tesla's market cap sits at nearly $1.15 trillion, while Facebook is just above the $600 billion level. Below we show the ratio of the market caps of TSLA and FB. As shown, the massive distancing of the two stocks' market caps means the value of Tesla (TSLA) is closing in on being worth 2 whole Facebooks.
Tesla (TSLA) Loses Its Charge Tue, Dec 27, 2022 Whereas Tesla (TSLA) had been a darling of the growth trade posting gaudy returns in the first year and a half of the pandemic, since November of last year it has turned into a major pain trade. While the weakness really extends out for more than a year, only looking more recently, the stock has been in free fall and is on pace for its seventh consecutive decline in a row. As shown below, that is tied for the longest streak of consecutive declines since the IPO in 2010. The other streaks of a similar duration were in September 2018, December 2014, and January 2013, and none of those streaks extended to eight trading days. Although there is precedent for TSLA trading lower as consistently as the past week and a half, the current streak leaves the others in the dust in terms of severity. Over those past seven-day streaks, the stock never declined 14% or more, and during one of the streaks (January 2013) TSLA fell less than 7%. The decline in the stock during the current seven-day streak has been over 25%! Again, that current stretch of weakness is not exactly new. Tesla has been grinding lower for over a year, and since peaking in November of last year, Tesla has seen its market cap dwindle from a high of over $1.2 trillion all the way down to only $363 billion today. The drawdown from an all-time high in the stock's price reached nearly 72% today and is the largest in the stock's history, surpassing the previous record drop of 60.6% during the COVID Crash in early 2020. To get back to its prior record closing high, the stock would need to rally more than 250% from current levels.
Crazy Tesla (TSLA) Price Action Fri, Oct 20, 2023 Tesla (TSLA) reported Q3 earnings results on Wednesday after the close, and while shares initially had a somewhat sanguine response to the company's weaker-than-expected results, they ultimately fell sharply on the day in Thursday's trading. TSLA's full-day percentage change in response to earnings ended up clocking in at -9.3%. What's remarkable to us is that this was the third earnings report in a row where TSLA shares fell 9% in response to the news. You can see TSLA's quarterly results going back to the start of 2020 in the snapshot from our Earnings Explorer below where we've put a red box over the stock's last three full-day earnings moves: Below is a look at TSLA's price chart since early 2023 with its last three earnings reaction days highlighted. Ironically, even though shares have fallen 9% on Tesla's last three earnings reaction days dating back to April 20th, the stock is actually up 21% over the entire period since the close on April 19th. Individual stocks have four quarterly earnings reaction days per year, and while these days are typically much more volatile than the average trading day, as the action in TSLA shows, they're not everything.
