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Tesla Stock (NASDAQ: TSLA)

Tesla Stock (NASDAQ: TSLA)

Trading for Beginner - Tesla Stock Forum

First Published: 11 October, 2022
Last Updated: 23 November, 2022
Fact-checked by Adrian Müller

Whenever people think about EVs, the first name that comes to mind is Tesla. Its savvy CEO, innovative technology, and influencers’ endorsement are among the few factors that made it the giant it is today.

Currently, Tesla (NASDAQ: TSLA) is the highest-valued automaker in the world, and Tesla’s stock dollar value is higher than some of the oldest car companies. This is very impressive given that the company was founded in 2003. In contrast, some famous automakers were established in the early 1900s.

It’s certainly a booming stock, and that’s one of the reasons why many investors are interested in it. This in-depth guide will examine everything you need about Tesla and Tesla stock (NASDAQ: TSLA), its competitors, and more.

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Tesla Stock Price - Live Trading Chart and Latest Financials 

Before reading this article, have a look at the current Tesla stock price (NASDAQ:TSLA) live chart showing key current and historical financials of the company. You may also expand the interactive menu options below to conduct your own analysis with additional technical indicators based on the actual market data! 

Tesla Company Profile And Key Competitors

Before we dive into the value of the Tesla stock dollar or Tesla stock USD and whether you should buy, let’s understand the company’s history first.

Unsurprisingly, many investors have invested heavily in the company. Or they’re thinking of investing. So, if you’re one of them, let’s talk about Tesla stock.

First, we need to check out an in-depth and detailed company overview. That’s how you’ll quickly grasp the company’s history, present, and the potential future.

Tesla (NASDAQ:TSLA), apart from flashy marketing stunts and innovations in software, automobile, and energy, is also known as a booming stock, which makes it quite an interest for serious investors. The company was founded in 2003 as Tesla Motors Inc.

Most people might not be aware, but Elon Musk wasn’t the person who founded Tesla. It was Marc Tarpenning and Martin Eberhard. These two masterminds were later joined by Ian Wright and started looking for funding.

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The company prides itself on one crucial thing – it doesn’t act like a traditional car company. Rivian is all about sustainability and focuses on the environment. It wants to make an impact for the better.

Tesla Models History

Tesla’s first production-ready car was The Roadster. It went into production in 2008 and was a very important launch for the company.

It demonstrated that electric cars could be just as cool as other super-fast gas guzzlers like Ferraris and Lamborghinis. It paved the way for the company’s future. Tesla went on to make more convenient and practical vehicles later on. But the Roadster was the stepping stone.

It sold almost 2500 units of the first Roadster even though it was a new electric car from a relatively unknown car company. The Tesla Roadster was discontinued in 2012.

Model S And Model X

In 2010, Tesla started to gain momentum as it finally purchased the Fremont factory. This factory was used to produce its mainstream electric vehicles. The Model S sedan and the Model X SUV.

Later in 2010, Tesla was the first automaker to IPO on NASDAQ in 50 years. This gives you an idea about how little new competition the automobile industry saw before Tesla entered the scene.

This quick rise of Tesla is one of the things that attracted investors so much. After discontinuing the Roadster, it started production of its Model S and Model X cars.

Model 3

Then came the Model 3. The Model 3 was designed to be an everyman’s car. It was significantly more accessible than the Model S and Model X. It’s still the most affordable car in Tesla’s lineup today.

The Model 3 production saw its fair share of production challenges, though. However, the company was able to turn things around and deliver the Model 3 to the public despite having numerous issues in the beginning.

What’s Next?

In March 2020, Tesla announced a new car – the Model Y – an electric crossover. The Model Y and Model 3 have been selling well compared to Model S and Model X cars. Looking into the future, the company aims to expand its global presence.

It wants to build Gigafactories plus three new car models, including the Cybertruck, which it announced in 2019. A Tesla Semi and a 2nd generation model of the original Roadster were also announced.

Branching From Only Making Cars

Another reason Tesla stock (NASDAQ:TSLA) fascinates investors is the company’s various other ventures. Tesla isn’t just an automobile company. Well, not anymore. It branched out into other sectors as well.

You could argue that the company is creating sort of an ecosystem. In 2015, the company got into energy storage solutions. It introduced two products – the Powerwall for home use and Powerpack battery packs.

In 2016, the company ventured into solar power after acquiring SolarCity. Tesla also dropped ‘Motors’ from its name. This solidified belief that the company has big dreams beyond just manufacturing cars.

Key People

NamePosition
Elon MuskChairman, CEO, and Product Architect
Deepak AhujaChief Financial Officer
Diarmuid O’ConnellVice President, Business Development
J. B. StraubelChief Technology Officer
David WaxmanStrategic Partnerships and Programs
Drew BaglinoVice President, Technology

Elon Musk

We can’t have a Tesla stock (NASDAQ:TSLA) article and not talk about the company’s CEO. Some could argue that Elon Musk is one of the main reasons for Tesla’s high Tesla stock dollar valuation. Investors feel confident about the CEO.

Elon Musk joined as CEO in 2008. But he has seen himself in several controversies too! Elon Musk started making public statements for the company right from the early days at the company. He has been somewhat the main face of the company as well.

He doesn’t shy away from openly discussing the company’s strategies, like creating fancy and attractive cars such as the Roadster to attract early adopters. Tesla can then use its funding for its expansion.

Tesla’s Fiercest Competitor

All this success and innovation surely bring you some attention. That was the case for Tesla. Although it helped by taking the electric vehicle mainstream, competitors were now taking notice.

Global giants like Ford, GM, and Toyota are all looking to compete in this space. In the electric vehicle scene, Tesla might not have that many competitors. Although, names like Tesla and Nikola aren’t to be taken lightly.

But as more and more traditional car companies enter the electric vehicle market, competition is getting heated.

GM

General Motors plans to invest $35 billion in its electric vehicle and autonomous driving division.

That’s quite a hefty commitment. It shows that the company is serious about it. GM is already selling the Bolt and has reported that the model sold around 100,000 units from its launch in 2017.

GM is putting a lot of faith in its battery technology. It’s a key part of their strategy. The company estimates that its Ultium battery packs will cost around 40% less than Bolt’s current battery system.

More so, the 2nd generation battery could cost around 60% less. This would significantly decrease the cost of goods. GM’s current stock price is $34.71.

Ford

An American sweetheart. Ford has made some iconic vehicles over its long and prestigious history. It was founded in 1903, and its stock price is $11.91. Ford is a formidable contender in the EV space.

The Mustang Mach E won the vehicle of the year award in 2021. Ford is also going pretty hard in the industry and investing $22 billion by 2025.

It has newer models planned for its lineup. But currently, Ford offers the Mustang Mach E and the F-150 Lightning pickup competing with the Tesla Cybertruck.

One of its main focuses is electric vans and pickups. The Ford F150 has been a popular pickup truck for years. Ford plans to recreate the same success with its electric models. Its F-150 lightning model has sold 4,400 units.

NIO

A lot of people might not know about this Chinese automaker. But the company competes heavily in the Chinese market. It’s a holding company that sells premium electric cars for international markets.

NIO focuses on technological advancements and innovations in batteries, autonomous driving, and more. Its market capitalization is $32.85 billion.

Volkswagen

VW needs no introduction. The VW group is one of the largest auto manufacturers in the world. Additionally, it owns some of the most recognizable car brands like Audi, Lamborghini, and Porsche.

Volkswagen estimates that 50% of its US sales will be electric cars by 2030. It has invested heavily to ensure that its target is met.

The company plans to launch around 70 new electric vehicles over the next 10 years.

How Does Tesla Fare Against Its Competitors?

Tesla (NASDAQ:TSLA) sold 130,047 cars in the second quarter of 2022 while still holding a good market share. But that isn’t the whole picture. Tesla currently has 4 models, holding 66.1% of the market share.

Although Tesla is dominant in the luxury segment, it isn’t the top player in the EV market. Tesla is dropping its market share in the EV segment. This is because new and more established brands like Ford and GM are entering the space with their offerings.

It dropped its market share to 66%. But that shouldn’t be concerning since the market itself is growing. What’s more interesting is the growth of the company. It almost outsold Subaru in the US market, which is very impressive.

Tesla Stock (NASDAQ: TSLA) Fundamentals

Knowing the stock fundamentals is a critical component of valuing any stock. Without it, you cannot judge Tesla’s stock dollar value properly. You can compare the fundamentals to the company’s closest competitors to get a better idea of how it’s doing.

Tesla’ Return on Equity is better than average at 29.89%. In contrast, its Price to Earning is not that good at 275.88x. Below is a full breakdown chart of Tesla stock fundamentals.

EBITDA$14.03 Billion
Return on Equity29.89 %
Return on Asset10.96%
Market Capitalization$276.5 Billion
Current Valuation$920.14 Billion
Outstanding Shares$1000 Million
Price to Earnings to Growth1.58x
Insider Shares Owned17.19%
Shares Owned by Institution42.85%
Earnings Per Share1x
Shorted Shares$23.49 Million
Short Ratio0.76x
Price to Book11.52x
Cash Flow$14.08 Billion
Revenue$67.17 Billion
Book Value/Share23.90x
Profit (Gross)$13.61 Billion
Current Ratio1.43x
Net Income$9.52 Billion
Debt to Equity0.18%
Cash and Equivalents$18.92 Billion
Total Asset$8.07 Billion
Cash Per Share18.11x
Beta2.11
Working Capital$29.03 Million
Retained Earnings$2.74 Billion

Tesla Stock Technical Analysis

Technical stock analysis tries to predict stock movements based on past data. This is different from fundamental analysis. You can learn more about the differences here. Technical analysis uses price and volume data.

Tesla’s stock price (NASDAQ: TSLA) is at $281.11 currently. The summary is a strong sell, but you should also use your data to make sure it makes sense. The ATR is less volatile, and STOCHRSI (14) and CCI (14) are neutral.

Keeping up with the real-time chart is the best way to get the overall picture and Tesla stock dollar value. This ensures you get the latest updates and market news. You can check our real-time updates here.

Tesla Stock Valuation

The Tesla stock price today is $281.11. Of course, this value fluctuates over time. That’s why we always insist on checking out real-time charts to make an informed decision based on factual data from Tesla stock NASDAQ.

The chart below shows you the Tesla stock USD price history. This gives you an idea of past trends.

Beta (5Y Monthly)2.19
52-Week Change8.64%
S&P500 52-Week Change-16.34%
52 Week High 3414.50
52 Week Low 3206.86
50-Day Moving Average 3288.83
200-Day Moving Average 3291.58

Tesla Stock Forecast

The 12-month price forecast for Tesla stock NASDAQ price has a median target of 329.17. But this isn’t a high estimate. Analysts are forecasting the high estimates to be around 530 and the low estimates as low as 83.33.

However, the median estimate is a 17.08% bump from the previous price of 281.14. The analysts recommend that Tesla stock is a buy, while others say it’s not. The thing you need to understand about Tesla stock price forecasts is that they are speculations at best.

This site will give you more forecast data. However, you need to make an informed decision on your own as well.

Tesla Stock Latest Market News

If you want to be a successful investor, just focusing on the fundamentals, forecast, and technical analysis, the current Tesla stock USD value isn’t enough.

You must know about current market trends and also analyst sentiment. Although we don’t recommend taking action on the consensus alone, knowing the consensus, in general, is important.

To be a step ahead, you need to know what’s happening with Tesla stock NASDAQ. That’ll help you make the right decision. It gives you more data on which to base your decision.

That’s why staying updated with the latest trends is very important. There’s a term called trading the news, which is a big part of becoming a successful investor. You can check out this Investopedia article to discover more.

Tesla’s stock price can be different tomorrow than what it is today. That’s why you need to know current market trends and news since most of it is scheduled.

Reputed sites like CNBC, Market Watch, and Yahoo Finance are fantastic sources. Tesla also has an investor relations page for further information.

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Should I buy Tesla Stock?

Tesla’s stock has a healthy IBD Composite Rating of 96. However, analysts recommend that Tesla stock is not a buy. This is because it has hit resistance at the 200-day line, meaning that the short-term outlook is relatively poor.

A composite rating of 90 or higher will give you the biggest potential gains. At the same time, Tesla stock’s Relative Strength Rating is pretty impressive at 92. As a general rule of thumb, a rating of 80 or higher is favorable.

So, what does all this mean? Although Tesla stock is not a buy right now, you might gain from buying if you’re confident about the future.

For that, you would also need to keep an eye on Tesla stock NASDAQ. As we mentioned, you need to trade the news, and keeping up with what’s happening in the market and Tesla stock NASDAQ is essential.

How To Buy Tesla stock (NASDAQ: TSLA)?

This section is a step-by-step guide on how to buy Tesla stock (NASDAQ: TSLA). As an investor, it’s your responsibility to make the most favorable decision.

This simple guide will help you get started with the right broker and put you in the right direction.

Step 1: Finding The Right Broker

The first thing you’ll need is to partner up with a broker. Working with a broker will make the whole process much smoother. However, before you choose one, there are a few features to remember.

Commission Free

Some brokers are commission free. This might not be that much of an enticing factor for veteran investors. But new investors will love this as it makes it easy to grow a new account faster.

User-friendly

A user-friendly interface might not seem like an important thing. But trust us, it is. When buying stocks, you don’t want to fiddle around with a clunky interface.

Low Account Fees

Low account fees are enticing for both veterans and new traders. You can compare different broker fees and choose the one that’s giving you the best value for your money. Not all brokers should be considered equal.

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Step 2: Funding the Account

To begin trading, you need to fund your account. You’ll use these funds to buy stocks and shares. There are multiple ways you can choose to go ahead.

Traditional options include credit or debit cards; simple bank transfers are also available. Funding options depend on the type of broker you choose. You can check out the Tesla stock USD valuation to see how much you should fund.

Step 3: Choose An Amount To Invest

After you’ve funded your account, you’ll need to decide how much you want to invest. If you’re completely new, you might be reserved initially. However, after you get the hang of it, investing with a more substantial sum of money is safer.

Step 4: ETFs Vs. Stocks

ETFs are great if you don’t want to take significant risks. You might wish only to trade stocks. It is your call to make. There’s no right or wrong answer. You can check out Investopedia’s deep dive into the differences between ETFs and stocks.

Step 5: Set Up Your Order

You’re almost ready to buy. The next step is to set up your Tesla stock USD order. When setting up your order, you must set up a stop loss, stop limit, limit order, and market order.

Step 6: Place Order And Monitor The Performance

Finally, place the order and buy. After that, you’ll need to keep an eye on the performance. Monitor it and tweak your strategy. Since the Tesla stock (NASDAQ:TSLA) is volatile, you must keep a close eye on it. The New York Times calls the Tesla stock famously volatile.

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Wrapping Up

You must ensure your strategy is set when investing in Tesla or any other stock. That isn’t all, of course. You also need to arm yourself with the correct information.

Hopefully, this guide provided you with fundamental data about Tesla’s stock price (NASDAQ: TSLA) and the company in general. Make the right strategic decisions and stay updated with the latest news and trends.

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