Tesla Inc. Financial Report and Stock Price Prediction
By Terry Bingman, Financial Analyst
Company Overview
Tesla Inc. (NASDAQ: TSLA) is a big name when it comes to electric cars and clean energy. Based in Austin, Texas, Tesla makes and sells electric cars, solar panels, and battery storage devices. These help save energy and are good for the environment. The company started in 2003, and Elon Musk joined in 2004, helping it grow a lot. Tesla is not just about cars; it also works with artificial intelligence (AI) and robotics to be a tech leader.
Some popular cars from Tesla include the Model S, Model X, Model 3, Model Y, the big Tesla Semi truck, and the new Cybertruck.
Key Developments
- Cybertruck Launch: The new, much-awaited Cybertruck is now available.
- Charging Station Expansion: Tesla plans to open its charging stations in the U.S. to other electric car brands, which can bring in more money.
Current Stock Information:
- Price: $182.58
- 52-Week Range: $138.80 – $299.29
- Market Cap: $572.11 Billion
- P/E Ratio: 46.69
- Volume: 61,120,481
- Average Volume: 72,961,873
What Do These Terms Mean?
- Stock Price: How much one share of Tesla is worth right now ($182.58).
- 52-Week Range: The highest and lowest prices of Tesla's stock over the past year.
- Market Cap: The total worth of Tesla's shares ($572.11 billion).
- P/E Ratio: Price to Earnings ratio, which shows if a stock is expensive or cheap (higher than 20 usually means the stock is considered expensive).
- Volume: Number of Tesla shares traded each day (61,120,481).
Historical Performance
Stock Price Trend (Last 6 Months)
Tesla's stock price has been very volatile (it goes up and down a lot). In late January 2024, a bad earnings report cost the company a huge $73 billion in market value.
Key Events Impacting Price:
- December 29, 2023: Positive news on Cybertruck and yearly performance (Stock Price: $256.61).
- January 25, 2024: Bad earnings report (Stock Price drops to $182.63).
- February 15, 2024: Elon Musk buys more Tesla stock (Price goes up to $200.45 briefly).
- March 1, 2024: Tesla says it will expand charging stations (Stock stays unstable).
Recent Performance (Q1 2024):
- Price: $182.58 (as of June 24, 2024)
- Change: -$0.43 (-0.235% daily)
Financial Statements Analysis
Balance Sheet (Quarterly)
| Metric | Q1 2024 | Q4 2023 | Q1 2023 |
|——————————-|——————|——————|——————|
| Cash & Short-Term Investments | $26.86 Billion | $29.09 Billion | $22.40 Billion |
| Total Assets | $109.23 Billion | $106.62 Billion | $86.83 Billion |
| Total Liabilities | $44.05 Billion | $43.01 Billion | $37.60 Billion |
| Total Equity | $65.18 Billion | $63.61 Billion | $49.24 Billion |
What This Means:
- Total Assets: Everything Tesla owns is worth $109.23 billion.
- Total Liabilities: Tesla owes $44.05 billion.
- Total Equity: What's left if Tesla's assets are used to pay off its debts ($65.18 billion).
Income Statement (Quarterly)
| Metric | Q1 2024 | Q4 2023 | Q1 2023 |
|———————–|——————|——————|——————|
| Revenue | $21.30 Billion | $25.17 Billion | $23.33 Billion |
| Operating Expense | $2.53 Billion | $2.37 Billion | $1.85 Billion |
| Net Income | $1.13 Billion | $7.93 Billion | $2.51 Billion |
| Net Profit Margin | 5.3% | 31.5% | 10.77% |
| EPS | $0.34 | $2.27 | $0.73 |
What This Means:
- Revenue: The total money Tesla made ($21.30 billion).
- Net Income: The profit left after all expenses ($1.13 billion).
- Net Profit Margin: This shows how much of the revenue turns into profit (5.3% means for every dollar Tesla makes, it keeps 5.3 cents).
Cash Flow Statement (Quarterly)
| Metric | Q1 2024 | Q4 2023 | Q1 2023 |
|———————–|——————|——————|——————|
| Cash from Operations | $242 Million | $4.37 Billion | $2.51 Billion |
| Cash from Investing | -$5.08 Billion | -$4.80 Billion | -$2.48 Billion |
| Cash from Financing | $196 Million | $887 Million | -$233 Million |
| Net Change in Cash | -$4.73 Billion | $599 Million | -$154 Million |
| Free Cash Flow | -$2.89 Billion | $730.88 Million | -$24.13 Million |
What This Means:
- Cash from Operations: Money made from daily business ($242 million).
- Cash from Investing: Money spent or made from investments (-$5.08 billion means Tesla is investing a lot).
- Free Cash Flow: Money left after all business expenses and investments (-$2.89 billion is not good).
Stock Price Prediction
Short-Term (Next 3 Months)
Tesla's stock might go up and down but could recover if they make good use of new product launches and charging station plans.
Predicted Range: $175 – $195
Long-Term (Next 12 Months)
Tesla has a mixed future. Innovation in car technology and energy solutions could help the stock, but competition from other electric car companies is a risk.
Predicted Range: $160 – $220
Key Drivers:
- Product Innovation: New and better electric cars and energy solutions.
- Market Expansion: Making charging stations available to more electric cars.
- Regulatory Environment: Government incentives for clean energy.
- Global Market Conditions: Economic health and supply chain issues that affect car sales.
Conclusion
Tesla Inc. is a strong player in the electric vehicle and clean energy markets. There is potential for long-term growth, but investors should watch for quarterly performance metrics and new developments.
Recommendation: Hold or Buy on dips for long-term potential.
Terry Bingman
Financial Analyst
Email: terry.bingman@financialreports.com
Phone: (123) 456-7890
