Shares of Tesla (TSLA, Financial) increased by 3.62% as broader equity markets rallied. This was influenced by the recent Bureau of Labor Statistics' report indicating September 2024 nonfarm payrolls rose by 254,000, surpassing expectations of 150,000.
With a recent price of $249.36, Tesla Inc is showcasing several key financial metrics worth noting. The company has a market capitalization of $796.62 billion. Despite some warning signs related to its Piotroski F-Score and revenue growth, TSLA exhibits strong financial strength with a notable Altman Z-Score of 11.85, indicating resilience.
In terms of valuation, Tesla's price-to-earnings ratio (P/E) stands at 70.04, which is quite high compared to industry medians. The GF Value for TSLA is estimated at $258.17, which labels the stock as "Fairly Valued" according to GuruFocus standards. For further insights, visit the GF Value page.
Despite some challenges, including a year-to-date change of just 0.2%, Tesla has shown significant resilience over long periods with a five-year change of 74.3%. The stock also benefits from strong insider interest with significant institutional holdings. Tesla continues to lead the market with innovative sustainable energy solutions, maintaining strong demand across its diverse product portfolio.
