The trajectory of Tesla's TSLA stock has recently encountered turbulence. This has eventually brought the company's capacity to sustain sales growth under question. As a high-growth entity, Tesla is acutely susceptible to fluctuations in growth projections, which can exert a disproportionate impact on its market valuation.
Thus far in the current year, Tesla's stock price has undergone a notable decline of 30.4%, following a staggering 102% surge recorded in 2023. With shares trading at approximately $174 each, the downturn has left the automaker valued at roughly two-thirds of its peak valuation reached in December 2023, when shares were trading at around $258 apiece.
Projections indicate that Tesla's vehicle deliveries are to remain relatively stagnant in 2024 compared to the preceding year's figure of 1.8 million units. Anticipated reductions in average selling prices, particularly in pivotal markets such as China, are expected to exert downward pressure on automotive gross margins, with projections pegging it at 18% for the fiscal year 2024, in line with the results of the preceding year.
Market Info as of 16/04/2024
Market Cap: 505.99 billion USD
Current Stock Price: $161.48
52-week range: $299.29 (high) & $152.37 (low)
Earnings Per Share: $0.57 for the December 2023 fiscal quarter end
Dividend Yield: NA