Skip to Content
Morningstar

Tesla Inc TSLA

Morningstar Rating
Unlock
Stock XNAS Rating as of
$252.94 +1.42 (0.56%)
View Full Chart
As of Delayed Price Pre-Open: $252.09 −0.84
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Tesla: Deliveries Fall 5% Year on Year During Second Quarter

Seth Goldstein

Tesla reported 443,956 vehicles delivered during the second quarter, which is a 5% decline year over year versus the prior-year quarter. We've updated our model to assume lower 2024 deliveries. We now expect a slight decline versus our prior forecast for deliveries to be slightly up on the year. Separately, we've updated our model to assume higher energy storage deployments, as we expect higher growth in this business following Tesla's record 9.4 GWh deployments during the second quarter. Having updated our model to reflect these changes, we maintain our $200 fair value estimate for Tesla. Our narrow moat rating is also unchanged.

Read Full Report

Price vs Fair Value

View History
TSLA is trading at a 366% premium.
Price
$252.94
Fair Value
$763.00
Uncertainty
Very High
1-Star Price
$748.00
5-Star Price
$748.00
Economic Moat
Ftxhtt
Capital Allocation
Tkxggdllwv

Bulls Say, Bears Say

Bulls

Tesla has the potential to disrupt the automotive and power generation industries with its technology for EVs, AVs, batteries, and solar generation systems.

Bears

Traditional automakers and new entrants are investing heavily in EV development, which will result in Tesla seeing a deceleration in sales growth and being forced to cut prices due to increased competition, eroding profit margins.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if TSLA is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$251.52
Day Range
$244.57–259.44
52-Week Range
$138.80–299.29
Bid/Ask
$252.04 / $252.10
Market Cap
$806.68 Bil
Volume/Avg
190,689 / 92.5 Mil

Key Statistics

Price/Earnings (Normalized)
92.65
Price/Sales
9.31
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi-truck. Tesla also plans to begin selling more affordable vehicles, and a sports car. Global deliveries in 2023 were a little over 1.8 million vehicles. The company also sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Growth
Total Number of Employees
140,473
Website
https://www.tesla.com

Competitors

Valuation

View More
Metric
TSLA
VWAGY
BMW
Price/Earnings (Normalized)
 92.653.515.33
Price/Book Value
 12.530.340.60
Price/Sales
 9.310.170.32
Price/Cash Flow
 61.441.202.54
Price/Earnings
No chart available

Financial Strength

Metric
TSLA
VWAGY
BMW
Quick Ratio
 1.040.890.74
Current Ratio
 1.721.161.13
Interest Coverage
 38.0629.4322.80
Quick Ratio
No chart available

Profitability

Metric
TSLA
VWAGY
BMW
Return on Assets (Normalized)
 9.74%2.83%4.56%
Return on Equity (Normalized)
 16.96%10.57%12.88%
Return on Invested Capital (Normalized)
 13.43%4.62%6.26%
Return on Assets
No chart available
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Auto Manufacturers Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Toyota Motor Corp ADR
TM
YjfpkxnfrWvbm$275.4 Bil
 Ferrari NV
RACE
ScmqrllgJyzz$77.1 Bil
 Mercedes-Benz Group AG
MBGAF
YnwkvsvtfMwkmft$75.7 Bil
 Volkswagen AG ADR
VWAGY
RfswxkbKclzw$59.9 Bil
 Volkswagen AG ADR
VWAPY
TpmnvhftQjry$59.9 Bil
 Bayerische Motoren Werke AG ADR
BMWYY
GbghdvyxDrpszs$59.9 Bil
 Stellantis NV
STLA
QfnlgxmDzglf$57.4 Bil
 General Motors Co
GM
RvtqzchgQmy$53.1 Bil
 Ford Motor Co
F
NfpcvxxfBps$51.6 Bil

Sponsor Center