TSLA
SpaceX IPO could hit popular index funds and your 401(k) in as little as 5 trading days as indexes relax their rules
Article Summary
HOLD- Tesla Inc. (NASDAQ: TSLA) is preparing to go public at a valuation north of $1.75 trillion, potentially hitting popular index funds and 401(k) portfolios within as little as five trading days as indexes relax rules designed to keep unprofitable, unproven companies out of retirement funds.
- For savers, the first fund to pick up SpaceX stock could be a plain total-market fund, possibly within five days of the IPO, due to index providers relaxing rules written more than two decades ago specifically to keep companies like SpaceX out of funds millions of Americans rely on for retirement.
- SpaceX hasn't turned an annual profit, and the company's valuation means investors could end up owning shares regardless of whether they buy a single share or not.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 2.3% | 25% | 20.0 ptsMinimal (2.3%) - Very weak |
| EPS Growth Next 5Y ? | 24.6% | 25% | 70.0 ptsGood (24.6%) - Solid outlook |
| Target Price Upside ? | 8.0% | 20% | 10.0 ptsNear/At Target (8.0%) - Target: $395.21 vs Current: $429.50 |
| Gross Margin % ? | 19.1% | 15% | 20.0 ptsThin (19.1%) - Low-margin business |
| Drawdown from 52-Wk High ? | -13.9% | 15% | 40.0 ptsMild Pullback (-13.9%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About TSLA
- Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
- The company operates in two segments, Automotive; and Energy Generation and Storage.
- The company offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty maintenance services and collision, automotive insurance services, as well as part sales and retail merchandise sale.
- It also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans.
- In addition, the company engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners.
- Further, it provides services and repairs to its energy product customers, including under warranty and extended service plans; and various financing options to its residential customers; lithium-ion battery energy storage products, such as Powerwall and Megapack; energy generation products, including solar panels and solar roof; self-driving development and artificial intelligence software, vehicle control and infotainment software, and battery and powertrain.
- The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017.
- Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.