Fintechzoom TSLA Stock has been a topic of discussion among many due to its rising prices. Within 1 month it has gained almost 31%; not to forget the spike it gave in the first week of July 2024 (apparently it jumped from 197 to 263 points). In this article, we will be reviewing Fintechzoom TSLA stock in detail, its past performance, any major stock event, current performance in the market, plans of Tesla that can impact its stocks, and analysis of Fintechzoom about TESLA stock!
What is Fintechzoom TSLA Stock?
Many people are confused about the term “Fintechzoom Tesla Stock.” It is actually the representation of Tesla’s stock by Fintechzoom, as they discussed Tesla stock in their recent analysis. Given the upcoming trend of electric vehicles in the market the stocks of Tesla are skyrocketing. Many investors were skeptical about the growth of Tesla when it first started but as the technology evolved it has been proved that those who believed in Tesla have seen lucrative growth in their profits.
Tesla was initially founded in 2003 by Martin Eberhard and Marc Tarpenning. However, Elon Musk was an early investor and board member of Tesla and later on took over as CEO!
Track TSLA stock Described by Fintechzoom on SGX-Nifty.org!
You can track the same TSLA stock described by Fintechzoom here on our website. Follow below-given steps:
- Open sgx-nifty.org
- Within the chart, you will notice a search button in the top left corner.
- Click on it and search “Tesla” or simply “TSLA.”
- Then from the search list click on the Tesla stock. And it will load right up!
You can also use our advanced tools and indicators to analyze the chart! All tools and indicators are available in the sidebar of the chart.
Analyzing The Performance of Tesla Stock (2010 – Present)
Tesla stock has seen tremendous growth in the past decade. As described by Fintechzoom TSLA stock remained volatile but has shown a continuously growing nature. There are several instances where this stock showcased its potential. One such example is 2020, as reported by Forbes, Tesla’s stock price gained a spike of 700% due to heavy sales that year.
We will carry on the analysis of Fintechzoom Tesla Stock in mainly two time-frames; one will be 2010-2019 and another will be 2020-present! By the way, did you read our guide of Most Profitable Candlestick Patterns PDF Download? You should give it a look!
Tesla Stock During 2010-2019
During this time frame Tesla stock has remained in murky waters however there were also a few incidents that gave it the necessary boost. Some of the events are as follows;
- 2010 marked the IPO of Tesla! At that time it was one of the first electric vehicle companies to go public. Its shares were priced at $17 per share.
- 2012 marked the launch of Model S! This was Tesla’s first sedan electric vehicle and with the launch of this vehicle, stocks also started to gain momentum
- In the subsequent year, when Tesla produced its first report for Q1 2013 its share prices rose to over $150 by the year end.
- The launch of other vehicles including Model X and Model 3 had varying impacts on its stocks.
- Production challenges of Model X brought stock volatility but the launch of Model 3 brought resilience in the shares of Tesla.
#Trivia_by_Spectre: Do you remember the infamous tweet of Elon Musk saying “Funding Secured?” Well, that tweet had attracted legal scrutiny from many however stocks remained strong showcasing the bright future of Tesla!
Tesla Stock During 2020-Present
This is the time period that you can mark as a golden time period for Tesla, and the same goes for TSLA stock.
- In 2020, Tesla’s stock was included in the S&P 500 also the stock got split 5-for-1 thus making this stock more accessible. Apart from these factors, strong production and increased reputation increased stock price.
- October 2021: In October 2021, as reported by BBC, Tesla surpassed $1 trillion for the first time!
- In the following years i.e. in 2022 and 2023, the stock remained in murky waters given the rising competition of electric vehicles in the market.
TSLA Stock Analysis by Fintechzoom
Now that we know the historical performance of Tesla’s stock let us take a look at the TSLA stock analysis by Fintechzoom.
As per Fintechzoom, Tesla’s P/E ratio has remained often higher than the traditional automakers thus indicating chances of growth. Also, other factors such as revenue growth and vehicle deliveries have a significant impact on the stock prices.
As mentioned by StockAnalysis about Tesla, the company has shown a growth of 10.12% in its revenue which is a good sign for the future of TSLA stocks.
Note that, Tesla’s stock had formed an inverse head and shoulders candlestick chart pattern, thus there are chances of a shift from a bearish trend to a bullish trend even after the expected earning decline.
Factors Affecting Tesla’s Stock Performance
Let us talk about the factors that are influencing Tesla’s Stock performance which will help us to decide whether you should invest in it or not!
- Production & Delivery Challenges of their product: Tesla faced production challenges due to the disruption of their Berlin factory regarding Model 3. Such disruptions can be harmful to the prices of the company if seen in a long-term consideration. The main factor that is influenced by such incidents is the reliability of the company.
- The company is also facing high competition from other EV manufacturers.
- As mentioned by NASDAQ in their article, Tesla’s Q1 2024 reports showed $21.3 billion, while the same data was around $23.33 billion in the previous year. Reduced delivery volumes and low sales of Model 3 and Model Y were among the main reasons.
- There is a lot of doubt because of the ongoing lawsuits and shareholder votes about Elon Musk’s $56 billion performance-based pay package. A vote of shareholders in June 2024 confirmed this package again, but court challenges are still going on, which makes the stock volatile.
- Even though there are problems in the short term, Tesla has a lot of room to grow in the long run. Analysts talk about how new models, like the Cybertruck and a possible low-cost vehicle, will likely increase output capacity. People also think that the company’s progress in self-driving cars and growth in its energy storage business will help it grow in the future.
Historical Data of Tesla Stock (Fintechzoom TSLA stock)
Wrap Up
In summary, Tesla holds a bright future given the continuous efforts towards R&D especially when the EV market is flooding with high competition. All the production and delivery challenges must be overcome to remain a strong competitor in the market. Their new launches such as Cybertruck and low-cost vehicles will definitely allow them to boast about their product. Despite several challenges, Tesla stock’s graph has remained on an upward trajectory.