Tesla (TSLA) Stock Price

Financial Performance

Tesla's financial performance has been a mixed bag. While the company's revenue of $19.3B shows a down trend both quarter over quarter (-24.8%) and year over year (-23.2%), it still remains substantial. However, gross profit and operating income have also decreased significantly in both these periods which is concerning. The EBITDA ratio of 0.11 indicates moderate profitability.

Stock Price

The stock price performance has been strong with an increase of 13.2% in the last month and up by a significant 68.1% year over year, currently trading at $351.67. The RSI value at 61 indicates that the stock is nearing overbought territory but not there yet, suggesting room for further growth before a potential correction might occur based on this indicator alone.

Alternative Data Signals

Tesla's web traffic is rising steadily with an estimated monthly visitor count of around 30 million, indicating strong interest in their products or services among consumers online which could translate to future sales growth if converted effectively into customers.
App downloads are high indicating solid consumer engagement on mobile platforms which can be crucial for customer retention and acquisition in today’s digital age.
The number of job openings at Tesla suggests robust business expansion plans.
A neutral employee business outlook reflects neither highly positive nor negative sentiments about the company's future prospects from those who know it best - its employees.
Social media followership is growing particularly strongly on Twitter hinting at successful marketing efforts.

Conclusion

In conclusion, despite some financial challenges such as declining revenues and profits, Tesla's stock performance has remained bullish driven by investor confidence likely due to strong alternative data signals such as rising web traffic, high app downloads, and growing social media engagement. However, potential investors should be cautious of the stock's relatively high PE ratio and declining financials.

Note: This AI Stock Analysis is based on data as of August 27. 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 $349.6, 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.