Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Tesla Inc before investing.

In this article, we go over a few key elements for understanding Tesla Inc’s stock price such as:

• Tesla Inc’s current stock price and volume
• Why Tesla Inc’s stock price changed recently
• Upgrades and downgrades for TSLA from analysts
• TSLA’s stock price momentum as measured by its relative strength

About Tesla Inc (TSLA)

Before we jump into Tesla Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid supercharging, vehicle insurance and retail merchandise. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its lithium-ion battery energy storage products include Powerwall and Megapack.

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Tesla Inc’s Stock Price as of Market Close

As of September 19, 2024, 4:00 PM, CST, Tesla Inc’s stock price was $243.92.

Tesla Inc is up 7.36% from its previous closing price of $227.20.

During the last market session, Tesla Inc’s stock traded between $226.88 and $235.68. Currently, there are 3,191.00 million shares of Tesla Inc stock available for purchase.

Tesla Inc’s price-earnings (P/E) ratio is currently at 63.9, which is high compared to the Auto & Truck Manufacturers industry median of 7.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Tesla Inc Stock Price History

Tesla Inc’s (TSLA) price is currently up 13.92% so far this month.

During the month of September, Tesla Inc’s stock price has reached a high of $244.24 and a low of $209.64.

Over the last year, Tesla Inc has hit prices as high as $273.93 and as low as $138.80. Year to date, Tesla Inc’s stock is up 98.02%.

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What Caused Tesla Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 18, 2024, there was 1 analyst who downgraded Tesla Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Tesla Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Tesla Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Tesla Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Tesla Inc (TSLA) by visiting AAII Stock Evaluator.

Relative Price Strength of Tesla Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 18, 2024, Tesla Inc has a weighted four-quarter relative price strength of -1.22%, which translates to a Momentum Score of 56 and is considered to be Average.

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Tesla Inc Stock Price: Bottom Line

As of September 19, 2024, Tesla Inc’s stock price is $243.92, which is up 7.36% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Tesla Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.