The stock soared as much as 21 per cent intraday and has already doubled this year. During the same period a year ago, the company posted $1.93 EPS. Tesla had a negative return on equity of 13.42% and a negative net margin of 3.39%.
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Tesla (NASDAQ:TSLA) stock went parabolic again on Tuesday, after surging almost 20% yesterday, as billionaire investor Ron Baron told CNBC the EV maker has the potential to top $1 trillion in revenue in a decade and continue to grow from there.
Tesla supporters, on the other hand, who are likely feeling more justified than ever in their predictions, are unsurprisingly standing by their initial forecast, with some even revising their price targets higher.
We are maintaining our BUY rating on Tesla Inc.
Tesla continues to skyrocket, surging to a new record high of nearly USD800 per share as per the Q4 earnings report published on Monday, February 3, 2020. The stock was sold at an average price of $350.06, for a total transaction of $22,470,351.40. Tesla's 20% surge on Monday, which helped push Tesla share price to today's record highs, resulted in short-sellers losing another $3.2 billion on top of the $6 billion from last month. The disclosure for this sale can be found here.
In related news, CFO Zachary Kirkhorn sold 150 shares of the business's stock in a transaction dated Friday, January 17th.
A number of institutional investors have recently added to or reduced their stakes in the business. However, no one outside Tesla knows what is actually in the order bank, and Chinese competition continues to grow. Huntington National Bank now owns 906 shares of the electric vehicle producer's stock valued at $379,000 after acquiring an additional 301 shares during the last quarter.
Tesla reported revenue of $24.6 billion in 2019.
TSLA opened at $510.50 on Friday.
Over the last seven days, short interest decreased by 651,000 after stock price rose 15.18%. The firm has a market capitalization of $140.59 billion, a P/E ratio of -153.85, a price-to-earnings-growth ratio of 5.24 and a beta of 0.50. The investor, who bet against subprime mortgages before the 2008 financial crisis, said he has covered the short position on Tesla he disclosed in 2018.