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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla, Inc.    TSLA

TESLA, INC.

(TSLA)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 08/03 02:19:38 pm
1490.87 USD   +4.20%
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Tesla : Demand for Tesla vehicles remained strong during pandemic, Musk says

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07/31/2020 | 12:43pm EDT
FILE PHOTO: Tesla Inc CEO Elon Musk speaks at a delivery event at the company's factory in Shanghai

Tesla Inc Chief Executive Elon Musk said in a podcast released on Friday that demand for the company's electric vehicles remained strong throughout the coronavirus pandemic, with consumers preferring to shop online.

Musk, talking to Automotive News' Daily Drive podcast, said having a traditional dealer network - something he considered in the past - appears increasingly unnecessary.

"We saw strong orders through the whole pandemic, we still had a good order volume," Musk said. "I guess people are less inclined to want to go to a dealership, do the test drive and hang out in the lobby and that kind of thing."

Asked about a 2020 meteoric stock rally that has pushed Tesla shares up more than 240% from the start of the year and made the company the world's most highly-valued carmaker, Musk said the market would eventually sort itself out. He added that as long as Tesla made great cars, investors would be happy.

In a May 1 tweet, Musk said Tesla's share price was "too high," at a time when shares where trading at around $700 - roughly half of where they are now. Shares on Friday were down 2.2% at $1,454.

In the podcast interview, Musk also praised the Chinese work ethic and criticized U.S. attitudes.

"China rocks in my opinion," Musk said. "There are a lot of smart, hard-working people and ... they're not entitled, they're not complacent, whereas I see in the United States increasingly much more complacency and entitlement."

Tesla has built a factory in Shanghai and seen a sharp increase in Chinese demand for its Model 3 sedans. The company recently has also launched a hiring spree in Shanghai as it ramps up production and prepares to manufacture its new Model Y sport utility vehicle at the plant.

By Tina Bellon

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Financials (USD)
Sales 2020 29 706 M - -
Net income 2020 1 027 M - -
Net Debt 2020 4 303 M - -
P/E ratio 2020 282x
Yield 2020 -
Capitalization 267 B 267 B -
EV / Sales 2020 9,12x
EV / Sales 2021 6,46x
Nbr of Employees 48 016
Free-Float 79,6%
Chart TESLA, INC.
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Tesla, Inc. Technical Analysis Chart | TSLA | US88160R1014 | MarketScreener
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 1 259,90 $
Last Close Price 1 430,76 $
Spread / Highest target 67,7%
Spread / Average Target -11,9%
Spread / Lowest Target -79,0%
EPS Revisions
Managers
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
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