TSLA Shares Now Trade at 117.46 P/E

During the last session 30M of Tesla, Inc. (NasdaqGS:TSLA)’s shares were traded. The stock closed at $787.11 per share indicating that it lost -$78.54 or -9.07% during that day which brings the Tesla, Inc.’s valuation to $896.82B.

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 27.53% since the share price dropped to a 52-week low of $546.98.

The company currently has a 117.46 P/E ratio and a price target of $993.82.

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 30M, while in the last 10 days the average was 30.1M and last three months – 25.53M.

Shrinking short interest

The Tesla, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 24.55M shares being shorted which translates into 0.99 of a short ratio for TSLA, while in the previous month the shorted shares were 25.15M.

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

With a market cap of 896.82B, Tesla, Inc. holds a total cash of $18.01B that translates into $17.39 per share, while the total debt is of $7.02B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 80.50%. The current revenue is of $62.19B that is $61.93 per share.

This is a great sign for a bright future.

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