why is tesla stock so high today

Monday, October 24, 2022 Edit

The EV leader couldnt meet the markets sky-high expectations. Since becoming open in 2010 Teslas stock has increased by more than 20000.

Tesla S Stock Just Had One Of The Wildest Weeks Ever Here S What Happened

Yesterday the company passed the 1 trillion mark for the first time in its history.

. According to the current price Tesla is 5175 away from the 52-week high. TSLA Complete Tesla Inc. TSLA were up as high as 48 this morning before cooling off by the afternoon.

View real-time stock prices and stock quotes for a full financial overview. TSLA stock has been falling all day even as the company prepares for an important. Tesla investors have a lot to celebrate right now.

Analyst estimates for Tesla earnings keep moving higher. Shares of Tesla NASDAQ. Tesla Inc TSLA.

The company reported earnings per share of 322 in the first quarter compared to analysts consensus estimate of 226. That fell short of Wall Streets expectations for revenue of 22 billion. Stock news by MarketWatch.

However TSLA stock is likely falling today due to general market volatility. Analysts expect that Tesla will report earnings of 84 per share in 2022 so the stock is trading at 138 forward PE. What are analysts forecasts for Tesla stock.

The electric car company completed a 3-for-1 stock split after the closing bell Wednesday. Since Tesla reported earnings last week its stock has gained nearly 25 in market cap. Analyst estimates for Tesla earnings keep moving higher.

Analysts expect that Tesla will report earnings of 84 per share in 2022 so the stock is trading at 138 forward PE. Teslas revenue surged 56 year over year to 215 billion in the third quarter. Instead investors may be pushing the electric vehicle.

Furthermore analysts disagree on whether Teslas exorbitant stock price is justified. Shares of the EV maker closed over 6 lower on Thursday despite reporting third-quarter revenue of 2145 billion which shot up 56 year-over-year but missed. Tesla CEO Elon Musk has 10 more days to close his purchase of Twitter for 5420 a share or face the consequences of failing to do so.

TSLA were gaining ground today on seemingly no company-specific news. Analysts expect that Tesla will report earnings of 1061 per share in the current year and 1292 per share in the next year so the stock is trading at 84 forward PE for 2023. So one share now costs a third of what it did a day ago.

Shares of Tesla NASDAQ. The high in the last 52 weeks of Tesla stock was 41442. As of 1237 pm.

ET on Tuesday the stock was still holding a.

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