|Bid||719.36 x 1100|
|Ask||720.86 x 2900|
|Day's range||716.60 - 737.20|
|52-week range||70.10 - 900.40|
|Beta (5Y monthly)||2.09|
|PE ratio (TTM)||1,143.30|
|Earnings date||27 Apr 2021 - 03 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||610.34|
Tesla has a slew of rivals coming for its crown, but it can hold on to its enormous market lead if it can focus on its vehicles and continue its global expansion.
(Bloomberg) -- Tesla Inc. told workers it will temporarily halt some production at its car-assembly plant in California for about two weeks, according to a person familiar with the matter.Staff on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7, said the person, who asked not to be identified because the information is private. The workers were told they would be paid for Feb. 22 and Feb. 23 and not paid for Feb. 28, March 1, 2 and 3. They were advised to take vacation time, if they had it.Representatives for the Palo Alto, California-based electric-car maker didn’t immediately respond to messages seeking comment. Tesla shares fell as much as 3.8% to $713.75 before the start of regular trading Thursday.While production-line outages aren’t unusual for automakers, they cost the companies revenue. Tesla said last month that it’s trying to mitigate the effects of a global semiconductor shortage on its operations and that it expects to increase global vehicle deliveries by more than 50% this year.The California plant is still the most important part of Tesla’s vehicle-production base, with capacity to make an estimated 600,000 vehicles a year. Chief Executive Officer Elon Musk also has opened a plant near Shanghai and is constructing facilities outside Berlin and in Texas.Tesla has cut the price of its various models 14 times in markets including China, Japan and France this year, according to GLJ Research LLC founder Gordon Johnson, who has a sell rating on the stock.“When considering Tesla had excess inventory in the fourth quarter of 2020, and has never been able to sell-out its production capacity, we see the company as currently demand constrained, rather than production constrained,” Johnson wrote in a note earlier this week.(Updates with share move in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Tesla (NASDAQ: TSLA) is one of the 10 largest listed companies in the world by market capitalization. The short answer is that Tesla surged over 700% in 2020, thanks to love from retail investors and the stock's inclusion in the S&P 500. Don't get me wrong, though: I have a strong admiration for Tesla and Elon Musk, especially if we consider what Tesla has achieved so far.