Tesla (TSLA, Financial) stock is experiencing a decline today following the release of its fourth-quarter and full-year electric vehicle (EV) delivery data. The stock price is down 7.38% at $374.05 due to a reported year-over-year decrease in EV shipments for the first time.
In the fourth quarter, Tesla delivered 495,570 EVs, setting a record for the company but falling short of the expected 505,000 shipments. For the full year, deliveries totaled approximately 1.79 million vehicles, a slight drop from 1.81 million in 2023.
Despite the setback in vehicle deliveries, Tesla's energy segment showed promising growth, with a 114% increase in energy storage deployments, reaching 31.4 gigawatt hours (GWh) in 2024. This indicates that Tesla is making significant strides in its energy business, offering a bright spot amidst the EV delivery concerns.
In terms of valuation, Tesla currently holds a market capitalization of $1.20 trillion. The stock is trading at a price-to-earnings (P/E) ratio of 102.48, which is relatively high compared to industry medians. This valuation has led Gurufocus to classify Tesla as "Significantly Overvalued" with a GF Value of $257.59. Investors can explore more about Tesla's GF Value.
On a positive note, Tesla (TSLA, Financial) exhibits strong financial metrics with a robust Altman Z-Score of 17.52, implying financial stability and a low risk of bankruptcy. Additionally, its cash-to-debt ratio stands at 2.63, suggesting a solid liquidity position. The company also shows strong operational efficiency with an ROE of 20.05% and a net margin of 13.08%.
Investors remain focused on Tesla's future prospects, especially in the realm of autonomous vehicles. The company’s innovation-driven approach continues to capture market and investor interest, despite the current stock turbulence.
