TSLA
TSLA Stock Gains For First Time In Five Sessions Tesla Expands Robotaxi Service In Florida Ahead Of Q2 Earnings
Article Summary
BUY- Tesla Inc. (NASDAQ: TSLA) rose 3.5% after expanding its Robotaxi autonomous ride-hailing service to Orlando and Tampa, marking its third launch in Florida and on track to close in the green for the first time in five sessions.
- The expansion builds on Tesla's RobotaxI launch in Austin, Texas, last June followed by rollouts in Dallas and Houston earlier this year, with supervised Model Y rides now available in both cities.
- Tesla is also conducting supervised testing in California's San Francisco Bay Area and expected to report Q2 earnings after market hours on Wednesday, with Morgan Stanley raising its price target on Tesla's robotaxi and Cybercab platform, while Cantor Fitzgerald reiterated its 'Overweight' rating.
- Wall Street remains optimistic about the companyâ €™s autonomous driving ambitions, while retail sentiment remained 'bullish' over the past 24 hours, with one user remarking that Tesla is just getting started and another skeptical.
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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 ? | 25.6% | 25% | 80.0 ptsVery Good (25.6%) - Good outlook |
| Target Price Upside ? | 7.5% | 20% | 35.0 ptsBelow Screener (7.5%) - Target: $407.48 vs Current: $378.93 |
| Gross Margin % ? | 19.1% | 15% | 20.0 ptsThin (19.1%) - Low-margin business |
| Drawdown from 52-Wk High ? | -24.0% | 15% | 40.0 ptsMild Pullback (-24.0%) - 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.