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Tesla Inc TSLA

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Stock XNAS Rating as of
$157.11 −4.37 (2.71%)
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As of Delayed Price Post-Trading: $157.61 +0.50
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Company Report

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Tesla: Staff Reduction Confirms Our View of Focus on Profits in 2024

Seth Goldstein

On April 15, Tesla shares fell 3%. Share declines relate to Tesla’s plan to lay off more than 10% of its workforce and the departure of at least one high-level executive. The move is consistent with Tesla's strategic shift toward profitability over deliveries growth in 2024. Tesla has historically adjusted its workforce based on its strategy, hiring during periods of growth and reducing headcount during slowdowns.

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Price vs Fair Value

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TSLA is trading at a 17% discount.
Price
$161.48
Fair Value
$864.00
Uncertainty
Very High
1-Star Price
$519.88
5-Star Price
$71.20
Economic Moat
Vsjqgft
Capital Allocation
Lnwyyspns

Bulls Say, Bears Say

Bulls

Tesla has the potential to disrupt the automotive and power generation industries with its technology for EVs, AVs, batteries, and solar generation systems.

Bears

Traditional automakers and new entrants are investing heavily in EV development, which will result in Tesla seeing a deceleration in sales growth and being forced to cut prices due to increased competition, eroding profit margins.

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Trading Information

Previous Close Price
$161.48
Day Range
$153.75–158.19
52-Week Range
$152.37–299.29
Bid/Ask
$157.56 / $157.61
Market Cap
$500.36 Bil
Volume/Avg
96.9 Mil / 99.2 Mil

Key Statistics

Price/Earnings (Normalized)
54.88
Price/Sales
6.19
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Growth
Total Number of Employees
140,473
Website
https://www.tesla.com

Competitors

Valuation

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Metric
TSLA
VWAGY
BMW
Price/Earnings (Normalized)
 54.884.136.61
Price/Book Value
 8.730.470.81
Price/Sales
 6.190.240.42
Price/Cash Flow
 38.611.603.09
Price/Earnings
TSLA
VWAGY
BMW

Financial Strength

Metric
TSLA
VWAGY
BMW
Quick Ratio
 1.130.920.73
Current Ratio
 1.731.221.09
Interest Coverage
 58.10—25.99
Quick Ratio
TSLA
VWAGY
BMW

Profitability

Metric
TSLA
VWAGY
BMW
Return on Assets (Normalized)
 18.09%2.71%4.87%
Return on Equity (Normalized)
 32.04%10.02%13.83%
Return on Invested Capital (Normalized)
 26.54%3.82%6.85%
Return on Assets
TSLA
VWAGY
BMW
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Auto Manufacturers Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
TM
Toyota Motor Corp ADRPwfvrtzsdFmd$332.0 Bil
MBGAF
Mercedes-Benz Group AGDxscdmrpTlzpkvt$86.5 Bil
STLA
Stellantis NVJqgvdvdbVlp$79.9 Bil
RACE
Ferrari NVLdqddbjlHdsd$74.8 Bil
BMWYY
Bayerische Motoren Werke AG ADRMrtfgjzgKbpwdp$74.1 Bil
VWAPY
Volkswagen AG ADRCcqdwwsflQqkg$73.3 Bil
VWAGY
Volkswagen AG ADRVvzlrkbgnQmtk$72.3 Bil
HMC
Honda Motor Co Ltd ADRNwgnhddcTxtd$58.5 Bil
GM
General Motors CoWwrkvgdsVsnjr$51.6 Bil

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