Drilling Down Into Tesla, Inc. (TSLA)

Tesla, Inc. (TSLA) is an interesting player in the Consumer Goods space, with a focus on Auto Manufacturers – Major. The stock has been active on the tape, currently trading at $341.84, down from yesterday’s close by -1.06%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Tesla, Inc. (TSLA) currently trades with a market capitalization of $57.79 Billion. That value represents a market adjusting for revenues that have been growing by 43.93 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$4.15 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$3.19 on a per share basis this quarter. Perhaps, that suggests something about why 0.33% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how TSLA has been acting. Looking at the stock’s movement on the chart, Tesla, Inc. recorded a 52-week high of $389.61. It is now trading 47.77% off that level. The stock is trading $336.10 its 50-day moving average by -5.74%. The stock carved out a 52-week low down at $242.78.

In recent action, Tesla, Inc. (TSLA) has made a move of +8.27% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 22.96% with $125.02 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TSLA.

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