From Nasdaq: 2024-05-02 19:01:37

Fintel reports Cantor Fitzgerald initiated coverage of Tesla (TSLA) with an Overweight recommendation on May 2, 2024. The average one-year price target for Tesla is $181.86, with forecasts ranging from $23.09 to $336.00, representing a 1.04% upside from the latest closing price of $179.99. Analysts project Tesla’s annual revenue to be $152,227MM, a 60.67% increase, and a non-GAAP EPS of 7.07. As of the last quarter, 4,342 funds or institutions have positions in Tesla, with an average portfolio weight of 0.99%, indicating a bullish outlook with a put/call ratio of 0.94.

VTSMX holds 84,813K shares of Tesla, representing 2.66% ownership, with a 0.95% increase in shares and a 10.41% decrease in portfolio allocation over the last quarter. VFINX holds 67,560K shares, representing 2.12% ownership, with a 1.78% increase in shares and a 10.69% decrease in portfolio allocation over the last quarter. Geode Capital Management, Capital World Investors, and Spdr S&p 500 Etf Trust also hold shares of Tesla, with varying ownership percentages and changes in shares and portfolio allocation over the last quarter.

Tesla’s mission is to accelerate the world’s transition to sustainable energy. The company has introduced high-performance, all-electric vehicles that are the world’s best-selling, with zero emissions and top safety ratings. Tesla also offers energy products including solar, storage, and grid services. Fintel provides comprehensive investing research, including fundamentals, analyst reports, ownership data, and fund sentiment, to help investors make informed decisions. Visit Fintel to learn more about their stock picks and research tools.



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