Tesla (TSLA) Stock Price

Financial Performance

Tesla's revenue in the last quarter was reported to be $19.3B, which is a decrease of -24.8% from the previous quarter and down by -23.2% year over year. The gross profit stood at $3.2B, a decrease by -24.6% from the previous quarter and a significant drop of -36.9% year over year. The operating income profit was also down by -74.8% from the previous quarter and decreased drastically by -85.3% year over year, indicating some financial challenges for Tesla.

Stock Price

The stock price has shown positive trends with an increase of 19.8% in the last month and up by 71.9% YoY despite the financial performance indicators showing negative growth rates recently, suggesting strong investor confidence in Tesla's long-term potential or future prospects rather than its current performance alone.

Technical Indicators

The RSI value stands at 78.91 which indicates that Tesla's stock might be overbought currently but it doesn't necessarily imply an imminent price reversal as RSI can remain at these levels for extended periods during strong trends while its trading above its 200-day moving average ($330.8) which implies overall bullishness in terms of market sentiment.

Alternative Data Signals

Tesla's web traffic has seen a slight decrease (-7..7%) MoM but their mobile app downloads have increased slightly (0..2%) MoM indicating mixed signals about customer engagement with their digital platforms while job openings have surged (33..3%) both MoM and YoY suggesting expansion plans or high turnover rates among employees where around half of the employees report a neutral business outlook. Their social media following has been growing steadily on both Twitter and Instagram.

Conclusion

Despite some recent financial performance challenges, Tesla's stock has shown strong growth and market sentiment remains bullish while alternative data signals provide mixed insights into the company's operations and customer engagement but overall, it seems to be performing above average in the market.

Note: This AI Stock Analysis is based on data as of September 13. 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 $395.9, will... Sign up to access price prediction.