Price $251.51
Year Range $142.05 - $263.26
Target Price Sign up
Volume 99,690,000
Market Cap $763B
PE Ratio 61.33
Dividend Yield 0%
Industry Autos

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Tesla - AI Stock Analysis

Analysis generated July 22, 2024

Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003 by a group of engineers including Elon Musk. The company is headquartered in Palo Alto, California. Tesla's main products include electric vehicles, battery energy storage from home to grid scale, and solar products. It offers vehicles like the Model S, Model 3, Model X, and Model Y. Tesla is known for its innovation in battery technology, autonomous driving capabilities, and sustainability initiatives. The company aims to accelerate the world's transition to sustainable energy.

Fundamental Analysis

Analyzing Tesla’s most recent financials, we witness some worrying trends. The revenue for the last quarter stood at $21.3 billion. This represents a decrease of 15.36% compared to the previous quarter and an 8.69% decrease compared to the same quarter last year. This year-over-year decrease may be a signal of some fundamental issues.

Net income for the last quarter was $1.13 billion, which is a staggering decrease of 85.76% from the previous quarter and a 55.07% decrease compared to the same quarter last year. This dramatic fall in net income highlights potential issues with profitability.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the last quarter was $2.42 billion. This marks a decrease of 30.63% from the quarter before and a 34.85% decrease year-over-year. The drop in EBITDA reinforces concerns over profitability.

Tesla's current Price-to-Earnings (P/E) ratio is 61.33, which is relatively high. High P/E ratios can indicate that a stock is overvalued, suggesting people have high growth expectations for a company which might not be sustainable. Combined with the recent insider selling activities, this is a bearish signal.

Technical Analysis

The stock is currently priced at $251.51. This represents an impressive short-term increase of 37.43% compared to a month ago. However, compared to a year ago, there is a decrease of 3.27%, indicating some potential long-term risks.

The Simple Moving Average (SMA10) is 247.24, which is higher than the previous SMA10 of 246.91, indicating a potential upward trend in price movement. The Relative Strength Index (RSI) is 44.7, suggesting that the stock is neither overbought nor oversold, placing it in a neutral condition currently.

Alternative Data Analysis

Tesla has 1,050 open positions according to data from popular job boards, up by 347% in the last couple of months, indicating plans for expansion and growth. Employee sentiment is neutral, which does not contribute significantly to a bullish or bearish outlook.

On the customer acquisition front, Tesla's website received an estimated 33 million visitors. However, the number of visitors is down by 6% in the last couple of months, suggesting a potential decline in customer interest. Mobile app downloads stand at 11,000 per day, with no significant change over the last few months, signifying stable but stagnant user growth.

Customer engagement on social media presents a mixed picture. Tesla has 9.7 million followers on Instagram and 22 million followers on Twitter. In the last couple of months, there has been no growth, indicating a potential loss of interest in the company.

AltIndex's AI score predicts Tesla's stock price based on fundamental, technical, and alternative data analysis and currently stands at 26, which is a strong sell signal.

Conclusion and Recommendation

Combining information from the fundamental, technical, and alternative data analyses, several concerns emerge regarding Tesla's current stock valuation. Revenue, net income, and EBITDA have seen significant recent declines, and the high P/E ratio suggests that the stock may be overvalued. The positive upward trend in the short-term stock price is encouraging, but the mixed signals from alternative data should not be ignored.

Given these factors and the strong sell recommendation from AltIndex’s AI, it might be prudent to adopt a cautious stance. Investors should closely monitor upcoming earnings reports and any new strategic moves from Tesla before making any substantial investments. For now, a "Hold" recommendation might be more suitable for conservative investors, while more risk-averse stakeholders may want to consider selling.

Disclaimer: This AI stock analysis, generated by an experimental AI tool, is for informational purposes only and not financial advice. Information is based on publicly available data and may not always be accurate or current.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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The information provided by AltIndex is solely for informational purposes and not a substitute for professional financial advice. Investing in financial markets carries inherent risks, and past performance doesn't guarantee future results. It's crucial to do your research, consult with financial experts, and align your financial objectives and risk tolerance before investing. AltIndex creators and operators are not liable for any financial losses incurred from using this information. Users should exercise caution, seek professional advice, and be prepared for the risks involved in trading and investing in financial assets, only investing what they can afford to lose. The information in this application, derived from publicly available data, is believed to be reliable but may not always be accurate or current. Users should verify information independently and not solely rely on this application for financial decisions. By using AltIndex, you acknowledge that it doesn't offer financial advice and agree to consult a qualified financial advisor before making investment decisions.

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