Tesla (TSLA) Stock: What It Would Take to Get Back to $400
TLDR
- Tesla stock opened at $330.88 on Tuesday, down 26% year-to-date
- Q2 EPS of $0.33 missed estimates of $0.50, though revenue of $28.24B beat expectations by nearly $2B
- NHTSA announced a recall of 20,349 Model 3 and Model Y vehicles over headlight brightness issues
- Analyst consensus sits at โHoldโ with an average price target of $401.74
- Generali Investments trimmed its Tesla position by 23.2% in Q2, though major holders like Vanguard and State Street maintained large stakes
Tesla stock opened at $330.88 on Tuesday, trading up just 0.1% ahead of the bell. The stock sits 26% lower for the year, well below its 52-week high of $498.83.
The 50-day moving average is $377.06, and the 200-day sits at $392.83, both well above the current price. The market cap stands at $1.31 trillion.
Teslaโs Q2 earnings, reported July 22, told a split story. Revenue came in at $28.24 billion, up 25.5% year over year and ahead of the $26.42 billion estimate.
But earnings per share of $0.33 missed the $0.50 consensus by a wide margin. That miss has weighed on the stock through the summer.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
