Tesla is the original meme stock: portfolio manager (2024)

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Tesla is the original meme stock: portfolio manager (2024)

FAQs

Is Tesla a meme stock? ›

Elon Musk has turned Tesla into a meme stock as he tells Wall Street to value the EV maker like an AI company, top economist says.

Is Tesla a buy right now? ›

Tesla is a Zacks Strong Sell

Tesla is a Zacks Rank #5 (Strong Sell). The Zacks Rank is based on changes to analyst earnings estimates. It has a Zacks Strong Sell recommendation due to the cuts to the earnings estimates. But this is just a short-term recommendation of 1 to 3 months.

What makes a meme stock? ›

A meme stock refers to the shares of a company that have gained viral popularity due to heightened social sentiment.

What kind of stock is Tesla considered? ›

Common Stock (TSLA)

Is Tesla a good buy in 2024? ›

Tesla Stock Declines In 2024

That signals another year of earnings declines for this growth stock. Analysts currently expect Tesla earnings per share of just $2.48 in 2024, according to FactSet. That would be more than a 20% decline vs. $3.12 in 2023.

What is the prediction for Tesla stock in 2025? ›

Tesla Stock Forecast 2024 & 2025

They believe an upside scenario for the stock over the next 12 to 24 months could be ~$300 using a multiple of 50x to 60x applied to the company's 2026E EPS, while a downside scenario could be ~$65 to $85 using a multiple of 30x applied to Tesla's 2024 EPS.

Is Tesla stock expected to go back up? ›

Based on 32 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $173.29 with a high forecast of $310.00 and a low forecast of $22.86. The average price target represents a -6.21% change from the last price of $184.76.

Is Tesla an IPO? ›

Tesla's initial public offering was on June 29, 2010.

Who buys Tesla shares? ›

Who is Tesla owned by? The largest individual Tesla shareholder is Elon Musk, who owns about 13% of the company's common stock. Vanguard and BlackRock are the two largest institutional investors, owning about 7.2% and 5.9% of outstanding shares, respectively.

How many stocks is Tesla? ›

Who owns Tesla stock? Tesla has a total of 3.16bn shares outstanding, according to data from Nasdaq.

Who is CEO of Tesla? ›

Elon is Technoking of Tesla and has served as our Chief Executive Officer since October 2008 and as a member of the Board since April 2004.

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