Nasdaq TSLA Tesla

Based on the average analyst estimate for 2023 earnings, shares of electric-vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) are cheaper than they've ever been. Tesla trades for just 28 times forward earnings, a miserly multiple, compared to any time in the past.

Tesla (TSLA) closed at $157.67 in the latest trading session, marking a +0.55% move from the prior day. The stock outpaced the S&P 500's daily loss of 2.49%. At the same time, the Dow lost 2.25%, and the tech-heavy Nasdaq lost 0.25%.

Italian premium brakes maker Brembo, which supplies Tesla, Ferrari and other car companies, plans to expand one of its factories in the northern Mexican state of Nuevo Leon, government officials said on Thursday.

Ford Motor Co has raised the price of the cheapest variant of its F-150 Lightning electric truck by 9% to $55,974, the company's website showed on Thursday.

What happened The major U.S. stock indexes are having a down week, but Tesla (NASDAQ: TSLA) shares are faring much worse. While the S&P 500 index and Nasdaq Composite index were trading lower by 1% and 1.5% this week, respectively, as of Thursday afternoon, Tesla was about 11

Shares of EV pioneer Tesla ( NASDAQ: TSLA ) have taken a shellacking in the stock market this year. With its stock down over 60% year-to-date, most investors would be wondering whether it's the right time to pick up the stock. One thing is for certain; the firm's underlying business is as strong as ever, with its top and bottom line growing at an impeccable pace. Moreover, there are multiple catalysts for the firm in 2023, which could lift its price from its doldrums. Hence, we are bullish on TSLA stock for the long haul. Indeed, despite the sharp drop, there may still be some premium left in Tesla's stock, making it a great time for those looking for potential gains to jump in and start buying. TSLA stock is trading at around seven times trailing twelve-month sales, roughly 30% lower than its 5-year average and much more in line with its fundamentals and long-term outlook. Tesla Saw Terrific Execution Despite the global macroeconomic uncertainty, Tesla had an outstanding quarter. Revenue skyrocketed by 56%, operating profit was record-breaking, and free cash flow increased a staggering 148%, reaching $3.3 billion. To top it off, Tesla's cash position grew to $21.1 billion. These impressive results were largely thanks to the company's surging vehicle deliveries, with over 343,830 cars delivered in the third quarter alone, an eye-watering 42% increase year-over-year. With numbers like these, it's clear that Tesla is thriving in a tumultuous economic climate and setting the trend for other EV companies. Tesla has proved time and time again its spectacular ability to navigate headwinds and execute effectively. It expects full-year production to grow by 50% versus 2021, and deliveries are likely to follow suit. Not only this, but during the third-quarter earnings call, CEO Elon Musk hinted at order levels remaining robust throughout the fourth quarter. Hence, demand remains remarkably high. Growth Catalysts Ahead for Tesla Tesla's vehicle delivery growth in the third quarter of the year was undoubtedly impressive, demonstrating the company's persistence and ambition. Even more impressive, though, is its growth in energy storage products, up 62% on a year-over-year basis. Tesla deployed a record-breaking 1,100 megawatt-hours of energy storage to serve its customers with its energy storage solutions. Demand for these products is far outstripping supply, and to meet this demand, Tesla has ramped up production at its California factory. This positive trend also looks to continue into the fourth quarter, showing that Tesla isn't likely to slow down anytime soon. Another major growth driver could be its hugely popular Cybertruck. Musk recently announced that the "final lap" of preparatory work is winding down, and production is expected to begin in mid-2023. The sales associated with Cybertruck's launch could be a major boost for Tesla, especially with revenues from energy storage still representing a relatively small portion of overall revenue. Investors should be watching closely for updates on the electric truck as it continues toward its launch. The initial plan was to begin production in late 2021, but it has been repeatedly delayed amidst global supply chain challenges and logistical constraints. Though the wait may seem longer than expected, Tesla's estimated 1.5 million reservations by November 2022 are a testament to its potential success as a vehicle option when it eventually hits the market. Is Tesla Stock a Buy? Turning to Wall Street, Tesla stock maintains a Moderate Buy consensus rating. Out of 29 total analyst ratings, 19 Buys, eight Holds, and two Sell ratings were assigned over the past three months. The average TSLA stock price target is $298.96, implying 89.2% upside potential. Analyst price targets range from a low of $85 per share to a high of $760 per share. Should You Consider TSLA Stock? Despite an incredibly challenging environment, Tesla's strong performance over the last year shows the company's momentum in sharply accelerating demand for electric vehicles. These are secular trends that could provide investors with solid returns over a sustained period due to the company's innovative technology and manufacturing expertise. Coupled with all of the favorable tailwinds in this space, the stock's recent dip presents an opportune time to look into the security and potentially open a position. Disclosure

Cathie Wood is hoping to catch 2020 in a bottle again. The co-founder, CEO, and lead stock picker of Ark Invest delivered jaw-dropping returns two years ago across her family of funds, but her stock-picking skills have proven mortal in 2021 and 2022. Can she get back on track in

There are many companies that produce electric vehicles (EVs) or are involved in the EV industry, and some of these companies are publicly traded, meaning that their stocks can be purchased on the stock market. Investing in EV stocks can be a way to capitalize on the growth of th

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $988.5 million dollar inflow -- that's a 0.6% increase week over week in outstanding

Elon Musk is selling shares of Tesla (NASDAQ: TSLA) at a rapid rate, and he's not doing so to buy Twitter or any other company. So does he see rough waters ahead as Tesla faces more competition in the EV space? In the video below, Travis Hoium digs into what we know and what Musk

In early trading on Thursday, shares of Charles River Laboratories International topped the list of the day's best performing components of the S&P 500 index, trading up 6.3%. Year to date, Charles River Laboratories International has lost about 39.5% of its value.

Tesla's (NASDAQ: TSLA) stock price is falling for several reasons, including rising competition. In response, Tesla could make this major announcement in 2023. If you're interested in Tesla stock, you don't want to miss this video.

I consider myself an experienced and knowledgeable investor, but it's important to understand that every investor makes mistakes from time to time. And I made a pretty bad one that caused me to miss out on over $200,000 of gains. In this video, I share the story of my worst inves

Wall Street's main stock indexes were set to open sharply lower on Thursday, as the Federal Reserve's guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon.

Tesla (NASDAQ: TSLA) has been the darling of the auto industry over the past decade, building a market cap that at times was larger than all of its major competitors combined. But the company now faces more competition than ever before and rising interest rates haven't helped mak

Consumer stocks were inactive in Thursday pre-market trading, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently tracking no movement.

High-flying stocks got a reality check in 2022 as investors decided to dump richly valued companies amid rising interest rates, surging inflation, slowing growth, and fear of a recession. All of these factors that have sent the stock market into bear territory this year. But 2023

The NASDAQ 100 Pre-Market Indicator is down -162.7 to 11,578.22. The total Pre-Market volume is currently 56,982,964 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.91 at $20.89, with 7,656,032 shares traded.

U.S stock index futures dropped on Thursday, a day after the Federal Reserve raised interest rates as expected, but rattled investors by saying rates would remain higher for longer.

The past year was sobering for investors who poured money into Tesla Inc and rival electric vehicle startups that hoped to emulate Tesla CEO Elon Musk's success.