Less Than One Hour Before The Market Open, Tesla Is Down By 6%

(VIANEWS) – The NASDAQ opens in less than one hour and Tesla‘s pre-market value is already 6.75% down.

Tesla’s last close was $175.22, 41.45% below its 52-week high of $299.29.

The last session, NASDAQ ended with Tesla (TSLA) falling 0.32% to $175.22. NASDAQ rose 0.11% to $16,396.83, following the last session’s upward trend on what was a somewhat up trend exchanging session.

About Tesla

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.

Earnings Per Share

As for profitability, Tesla has a trailing twelve months EPS of $4.3.

PE Ratio

Tesla has a trailing twelve months price to earnings ratio of 40.75. Meaning, the purchaser of the share is investing $40.75 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 27.35%.

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is a negative 22.4% and a negative 19.8%, respectively.

Revenue Growth

Year-on-year quarterly revenue growth grew by 3.5%, now sitting on 96.77B for the twelve trailing months.

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