Tesla hits record high as shares surpass $1,000 for first time (2024)

FAQs

Tesla hits record high as shares surpass $1,000 for first time? ›

“Hitting the $1,000 threshold speaks to the confidence the Street has in Musk and company over the next year to further penetrate the massive electric vehicle opportunity despite COVID-19 headwinds,” said Dan Ives, managing director of Wedbush Securities. “The semi production news is another shot in the arm.”

Tesla TSLA -0.9% stock surged to all-time highs today, breaking above $1,000 per share for the first time in the history of the company.

Historical daily share price chart and data for Tesla since 2010 adjusted for splits and dividends. The latest closing stock price for Tesla as of June 17, 2024 is 187.44. The all-time high Tesla stock closing price was 409.97 on November 04, 2021.

Tesla went public on June 29, 2010 at $17 per share. TSLA stock, however, opened for trading at $19 per share, and finished the day at $23.89 – a stellar one-day gain of 40.5%. Low commission rates start at $0 for U.S. listed stocks & ETFs*.

Tesla Stock Rallies Following Q1 Earnings

Tesla reported worse-than-expected first-quarter earnings and revenue late on April 23. Investors appeared not to care, sending TSLA shares jumping 12% the following day after Musk signaled "more affordable" new models are on the way.

If You'd Invested $1,000 in Tesla 5 Years Ago, Here's How Much You'd Have Today. I won't keep you in suspense. The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (NASDAQ: TSLA) stock five years ago -- and it's a pretty nice return, right?

He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.

It's unlikely Tesla's returns going forward will come anywhere near resembling the last five years. So, investors shouldn't expect a $1,000 price per share by the end of the decade.

Tesla Stock Valuation

Analysts now see 2024 earnings per share targets at $2.41 a share, according to FactSet, down from $3.79 at the end of 2023, $5.62 a share at the end of March 2023 and a whopping $7.07 at the end of 2022. So the forward price-earnings ratio for Tesla stock is 77.7 as of June 17.

Berkshire Hathaway is the most expensive stock listed on U.S. exchanges. At the time of this writing, Berkshire Hathaway stock was trading at $623,000 a share — but that price is for its Class A stock (BRK. A).

Is Tesla worth investing in? ›

Key Morningstar Metrics for Tesla

“Tesla is a high-growth stock, which means slowing growth assumptions can have an outsized impact on its price,” says Seth Goldstein, equity strategist for Morningstar. So far in 2024, Tesla's stock price has fallen 30.4%. That follows a 102% gain in 2023.

When you invest in fractional shares, you're buying just a small portion of an individual share of stock. Rather than spending $700 for a single share of Tesla stock, you can buy a fractional share for $100, $10, or even $1. There are a few advantages to investing in fractional shares.

Tesla has never paid a dividend to investors. It plans to use future revenue to fund growth. Analysts believe it may need to consider dividends if it doesn't continue growing. Many other leading technology companies pay dividends, including Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), and Meta (META).

TSLA Stock Forecast FAQ

Currently there's no upside potential for TSLA, based on the analysts' average price target. Is TSLA a Buy, Sell or Hold? Tesla has a consensus rating of Hold which is based on 10 buy ratings, 14 hold ratings and 9 sell ratings. The average price target for Tesla is $176.96.

In little more than a decade, it went from technology upstart to mass-market carmaker, invested billions in its clean energy business, and saw its value rocket. But now the company is struggling with falling car sales and intense competition from Chinese brands, as well as problems with its much-hyped Cybertruck.

As of 2024-06-12, the Fair Value of Tesla Inc (TSLA) is 107.02 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 170.66 USD, the upside of Tesla Inc is -37.3%.

At its peak in 2021, the stock market value of Tesla was $1.2 trillion, putting it in the company of tech giants like Microsoft, Apple and Google. Its worth has since plunged to around $576 billion, ranking it alongside less racy companies like Visa and Walmart.

Ark's prediction that Tesla stock will jump to $2,000 by 2027 hinges on the company generating $1 trillion in annual revenue by then.