Tesla (TSLA) Stock Price

Financial Performance

Tesla's revenue in the last quarter was reported at $19.3B, marking a decrease of -24.8% from the previous quarter and a year-over-year decrease of -23.2%. The gross profit was $3.2B, also showing a downward trend with decreases of -24.6% and -36.9% from the previous quarter and year respectively. Operating income profit stood at $399M, down by -74.8% from the previous quarter and by an alarming -85.3% YoY indicating potential challenges in operational efficiency or increased costs.

Stock Price & Technical Indicators

The stock is currently trading at $345.98, reflecting an upward trend with an increase of 11.3% over the last month and 68.2% YoY growth which signifies strong investor confidence despite recent financial performance trends.The RSI value stands at 67.6 suggesting that it may be nearing overbought territory while its 200-day moving average is $329.73 which indicates a stable long-term uptrend.

Alternative Data Signals

Tesla's web traffic has shown positive growth trends with estimated monthly visitors standing at around 30,860,441 up by 23.% MoM and a significant increase of 39.% YoY indicating growing interest in their products/services among internet users.Their mobile apps downloads are robust too with approximately 621000 daily downloads.Tesla's job openings have surged to about 3000 positions signifying potential expansion plans or high turnover rates.On social media,Tesla continues to command attention with Twitter followers increasing by about15 % over the past three months.However,the company's business outlook as reported by employees seems neutral with 54% expressing positive sentiments.

Conclusion

Despite the recent financial performance trends, Tesla's stock has shown resilience and continues to trend upwards. This coupled with strong alternative data signals such as web traffic growth, robust app downloads and growing social media presence suggest a bullish outlook for Tesla's stock.However,the significant decrease in operating income and neutral business outlook reported by employees are areas of concern that need to be closely monitored.

Note: This AI Stock Analysis is based on data as of August 28. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Tesla (TSLA), currently trading at $333.9, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.