TSLA Continues to Trade at a Very High P/E Ratio

During the last session 31M of Tesla, Inc. (NasdaqGS:TSLA)’s shares were traded. The stock closed at $1014.97 per share indicating that it lost -$69.63 or -6.42% during that day which brings the Tesla, Inc.’s valuation to $1.09T.

The 52-week high for the Tesla, Inc.’s shares is $1,243.49. This is the highest price the TSLA shares have gotten with a great gain of 58.15% since the share price dropped to a 52-week low of $539.49.

The company currently has a 352.14 P/E ratio and a price target of $836.72.

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 31M, while in the last 10 days the average was 24.96M and last three months – 25.46M.

Shrinking short interest

The Tesla, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 25.7M shares being shorted which translates into 0.76 of a short ratio for TSLA, while in the previous month the shorted shares were 30.34M.

Tesla, Inc. (NasdaqGS:TSLA)’s financials

With a market cap of 1.09T, Tesla, Inc. holds a total cash of $16.09B that translates into $16.03 per share, while the total debt is of $10.16B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 56.80%. The current revenue is of $46.85B that is $48.27 per share.

This is a great sign for a bright future.