Fintel reports that on August 29, 2024, William Blair initiated coverage of Tesla (NasdaqGS:TSLA) with a Outperform recommendation.
Analyst Price Forecast Suggests 2.91% Upside
As of August 25, 2024, the average one-year price target for Tesla is $212.29/share. The forecasts range from a low of $25.11 to a high of $325.50. The average price target represents an increase of 2.91% from its latest reported closing price of $206.28 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tesla is 152,227MM, an increase of 59.70%. The projected annual non-GAAP EPS is 7.07.
What is the Fund Sentiment?
There are 4,229 funds or institutions reporting positions in Tesla. This is an increase of 24 owner(s) or 0.57% in the last quarter. Average portfolio weight of all funds dedicated to TSLA is 0.87%, an increase of 5.89%. Total shares owned by institutions increased in the last three months by 5.62% to 1,607,628K shares. 
The put/call ratio of TSLA is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 85,652K shares representing 2.68% ownership of the company. In its prior filing, the firm reported owning 85,113K shares , representing an increase of 0.63%. The firm increased its portfolio allocation in TSLA by 10.16% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 71,212K shares representing 2.23% ownership of the company. In its prior filing, the firm reported owning 69,825K shares , representing an increase of 1.95%. The firm increased its portfolio allocation in TSLA by 8.68% over the last quarter.
Geode Capital Management holds 58,334K shares representing 1.83% ownership of the company. In its prior filing, the firm reported owning 56,909K shares , representing an increase of 2.44%. The firm increased its portfolio allocation in TSLA by 9.45% over the last quarter.
Capital World Investors holds 42,709K shares representing 1.34% ownership of the company. In its prior filing, the firm reported owning 39,096K shares , representing an increase of 8.46%. The firm increased its portfolio allocation in TSLA by 21.16% over the last quarter.
Invesco Qqq Trust, Series 1 holds 35,997K shares representing 1.13% ownership of the company. In its prior filing, the firm reported owning 34,985K shares , representing an increase of 2.81%. The firm increased its portfolio allocation in TSLA by 4.26% over the last quarter.
Tesla Background Information
(This description is provided by the company.)
Tesla’s mission is to accelerate the world’s transition to sustainable energy. Since its founding in 2003, Tesla has broken new barriers in developing high-performance automobiles that are not only the world’s best and highest-selling pure electric vehicles—with long range and absolutely no tailpipe emissions—but also the safest, highest-rated cars on the road in the world. Beyond the flagship Model S sedan and the falcon-winged door Model X sports utility vehicle, Tesla also offers a smaller, simpler and more affordable mid-sized sedan, Model 3, which it is expected will truly propel electric vehicles into the mainstream. In addition, with the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world’s only fully integrated sustainable energy company, Tesla is at the vanguard of the world’s inevitable shift towards a sustainable energy platform.
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