Tesla (TSLA)

• Market cap: $1.35T
• 1 day: -3.46%
• 5 days: -4.54%
• 1 month: 23.11%
• 3 months: 76.73%
• 6 months: 131.90%
• Year to date: 69.50%
• 1 year: 70.37%
• 5 years: 1,457.17%
• 10 years: 2,737.33%
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Passenger Car Bodies

About: Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and a robotaxi. Global deliveries in 2023 were a little over 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

Employees: 140,473

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

131% more first-time investments, than exits

New positions opened: 367 | Existing positions closed: 159

48% more funds holding in top 10

Funds holding in top 10: 146 [Q2] → 216 (+70) [Q3]

23% more capital invested

Capital invested by funds: $304B [Q2] → $373B (+$69.2B) [Q3]

7% more funds holding

Funds holding: 2,901 [Q2] → 3,109 (+208) [Q3]

6% more repeat investments, than reductions

Existing positions increased: 1,243 | Existing positions reduced: 1,169

8% less call options, than puts

Call options by funds: $59B | Put options by funds: $63.8B

1.5% less ownership

Funds ownership: 46.66% [Q2] → 45.15% (-1.5%) [Q3]

Research analyst outlook

25 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $25 94% downside
• Avg. target: $285 32% downside
• High target: $515 22% upside

25 analyst ratings

• positive: 12 48%
• neutral: 5 20%
• negative: 8 32%

Baird Ben Kallo 53% 1-year accuracy 21 / 40 met price target	14% upside $480	Outperform Maintained	18 Dec 2024
Mizuho Vijay Rakesh 38% 1-year accuracy 27 / 71 met price target	22% upside $515	Outperform Upgraded	17 Dec 2024
Goldman Sachs Mark Delaney 58% 1-year accuracy 18 / 31 met price target	18% downside $345	Neutral Maintained	11 Dec 2024
Cantor Fitzgerald Andres Sheppard 85% 1-year accuracy 129 / 152 met price target	13% downside $365	Neutral Maintained	10 Dec 2024
Morgan Stanley Adam Jonas 56% 1-year accuracy 33 / 59 met price target	5% downside $400	Overweight Maintained	10 Dec 2024