Data as on September 3, 2024 – 12:41 PM ET
Shares of Tesla, Inc. (NASDAQ-GS: TSLA), a leading company in the Consumer Discretionary sector and Auto Manufacturing industry, are showing a modest gain in today’s trading session. The stock is currently trading at $215.22, up $1.11 or 0.52% from its previous close of $214.11.
Key highlights:
- Current price: $215.22, up $1.11 (0.52%)
- Trading range: $212.5308 – $219.90
- 52-week range: $138.8025 – $278.98
- Market capitalization: $687,486,617,308
- P/E Ratio: 49.96
- Share Volume: 48,619,628 (below average volume of 99,802,220)
Tesla’s stock is trading well above its 52-week low of $138.8025, but remains below its 52-week high of $278.98. The company’s substantial market cap of over $687 billion underscores its significant position in the auto manufacturing industry and the broader market.
The current P/E ratio of 49.96 and notably high forward P/E of 119.61 suggest that investors have high growth expectations for Tesla. However, the discrepancy between the current stock price ($215.22) and the 1-year target price ($222.00) indicates that analysts see limited upside potential in the near term.
Today’s trading volume is lower than average, which may suggest a lack of major news driving the price movement. The slight increase in share price could be attributed to general market movements or minor sector-specific news.