Will Tesla (TSLA) Earnings Be As Good As Expected?


The TSLA stock price fluctuated between $647.11 and $668.2 throughout the trading session with the volume trading being 22M shares, which represented a negative variation when compared to the three months average volume of 26M shares.

The share price of Tesla, Inc. (NasdaqGS:TSLA) ran up 2.21% to close Monday’s market session at $657.62, higher as compared to yesterday’s close which brings the market valuation of the company to $633.51B.

The 52-week high for the Tesla, Inc.’s shares is $900.40. That puts it -26.96% from that peak but still a 108.94% gain since the share price dropped to a 52-week low of $273.00, while the S&P 500’s share price change was of 36.19%.

The company currently has a 658.94 P/E ratio and a price target of $655.12.


What does the trading volume tell us about the TSLA stock?

During the last trading session, Tesla, Inc. (NasdaqGS:TSLA) has seen growth in its daily volume. The daily volume was of 26M, while in the last 10 days the average was 16.13M and last three months – 25.58M.
The increasing interest in the TSLA stock from the investors is helping to drive the stock price up.

Shrinking short interest

The Tesla, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 34.09M shares being shorted which translates into 1.44 of a short ratio for TSLA, while in the previous month the shorted shares were 40.05M.

Tesla, Inc. (NasdaqGS:TSLA) financials

With a market cap of 633.51B, Tesla, Inc. holds a total cash of $17.14B that translates into $17.79 per share, while the total debt is of $12.51B.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of 73.60%. The current revenue is of $35.94B that is $38.05 per share.
This is a good sign for the future.