Let’s look at the key reasons that are pushing Tesla Inc (TSLA) to new highs

Tesla Inc (NASDAQ: TSLA) on Tuesday, soared 1.52% from the previous trading day, before settling in for the closing price of $240.83. Within the past 52 weeks, TSLA’s price has moved between $138.80 and $271.00.

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Consumer Cyclical Sector giant saw their annual sales surged by 36.73% over the last five years. The company achieved an average annual earnings per share of -29.07%. With a float of $2.78 billion, this company’s outstanding shares have now reached $3.19 billion.

The firm has a total of 140473 workers. Let’s measure their productivity. In terms of profitability, gross margin is 17.72%, operating margin of 7.58%, and the pretax margin is 8.05%.

Tesla Inc (TSLA) Breakdown of a Key Holders of the stock

Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Tesla Inc is 12.98%, while institutional ownership is 46.21%. The most recent insider transaction that took place on Sep 23 ’24, was worth 2,000,000. In this transaction Chief Financial Officer of this company sold 8,000 shares at a rate of $250.00, taking the stock ownership to the 105,032 shares. Before that another transaction happened on Sep 23 ’24, when Company’s Officer proposed sale 8,000 for $238.25, making the entire transaction worth $1,906,000.

Tesla Inc (TSLA) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -29.07% per share during the next fiscal year.

Tesla Inc (NASDAQ: TSLA) Trading Performance Indicators

Tesla Inc (TSLA) is currently performing well based on its current performance indicators. A quick ratio of 1.40 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.19. Likewise, its price to free cash flow for the trailing twelve months is 454.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.56, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 3.16 in one year’s time.

Technical Analysis of Tesla Inc (TSLA)

Analysing the last 5-days average volume posted by the [Tesla Inc, TSLA], we can find that recorded value of 77.17 million was lower than the volume posted last year of 95.21 million. As of the previous 9 days, the stock’s Stochastic %D was 27.09%. Additionally, its Average True Range was 10.27.

During the past 100 days, Tesla Inc’s (TSLA) raw stochastic average was set at 74.42%, which indicates a significant increase from 37.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.81% in the past 14 days, which was lower than the 58.16% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $224.78, while its 200-day Moving Average is $202.67. Now, the first resistance to watch is $246.95. This is followed by the second major resistance level at $249.41. The third major resistance level sits at $252.60. If the price goes on to break the first support level at $241.30, it is likely to go to the next support level at $238.11. Now, if the price goes above the second support level, the third support stands at $235.65.

Tesla Inc (NASDAQ: TSLA) Key Stats

Market capitalization of the company is 781.09 billion based on 3,189,196K outstanding shares. Right now, sales total 96,773 M and income totals 14,999 M. The company made 25,500 M in profit during its latest quarter, and 1,478 M in sales during its previous quarter.