Tesla (TSLA) Stock Price

Financial Performance

Tesla's revenue in the last quarter was $19.3B, representing a decrease of -24.8% from the previous quarter and -23.2% year over year. The gross profit stood at $3.2B, down by -24.6% QoQ and -36.9% YoY. Their operating income profit also saw a decline of -74.8% QoQ and -85.3% YoY to $399M, indicating challenges in operational efficiency or increased costs.

The EBITDA ratio is relatively low at 0.11, suggesting lower profitability or higher expenses.

Stock Price

The current stock price is $320.11 with an increase of 3% in the past month and a significant rise of 43.4% YoY despite declining revenues and profits, indicating investors' confidence in Tesla's long-term prospects.

The RSI value stands at 44.46 which suggests neither overbought nor oversold conditions while the stock's 200-day moving average is slightly above the current price at $327.6 signifying potential resistance for upward movement.

Alternative Data Signals

Web traffic has seen a healthy growth with estimated monthly visitors standing at around 30 million which is up by both MoM (23%) and YoY (39%). This could indicate growing interest or engagement with Tesla's products/services.

Tesla has been consistently attracting app downloads with approximately 621K daily downloads showing strong digital presence and user engagement.

The number of job openings currently stands at about 3000 revealing expansion plans but no change YoY might be indicative of slower growth or challenges in hiring.

Employee sentiment seems neutral with 54% reporting a positive business outlook. Social media followers have seen growth especially on Twitter (15% over the last 90 days).

Conclusion

In conclusion, while Tesla's financial performance shows some weakness in terms of declining revenues and profits, alternative data signals such as web traffic, app downloads, and social media presence show strong engagement which could be indicative of future growth potential. The stock price has shown resilience despite these financial setbacks indicating investor confidence. Therefore, the analysis leans towards a cautiously optimistic or 'neutral to mildly bullish' view on Tesla's stock.

Note: This AI Stock Analysis is based on data as of August 21. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Tesla (TSLA), currently trading at $320.1, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.