Tesla Inc. (NASDAQ: TSLA) the largest EV maker will soon enter the S&P 500 index as the largest-ever new member. The index has not disclosed the name of the corporation which is to be replaced by Tesla Inc. The index has revealed that it is taking suggestions from the financing community to decide whether to add Tesla all at once or in two pieces.
The EV maker of Elon Musk with a market capitalization of approximately $389.92 billion has earlier failed to join the index in September. The 17-year old carmaker has set its position as the leading electric carmaker worldwide. Tesla Inc has earlier disclosed that it has generated a huge profit in a fifth consecutive quarter, silencing doubters who challenged its strength to earn money. Tesla will join the S&P 500 index on December 21, 2020.
Tesla, Inc. (TSLA) has seen some recent movement in the stock market and its stock closed at $408.09 yesterday. Traders are starting to take interest in TSLA as the stock traded as high as $412.44 and as low as $404.09 in the previous trading session.
Tesla, Inc. (TSLA) average trading volume is 59.73M. However, in the previous trading session Tesla, Inc. (TSLA) traded 26,838,636 shares. The 1st support level on TSLA is $388.10 and the 1st resistance level on TSLA is $502.14. TSLA 50day moving average is $423.85 and TSLA 200day moving average is $317.24.
Tesla, Inc. (TSLA) most current performance has been shown by the recent movement in TSLA stock. TSLA has performed -7.18% over the past month, TSLA has performed 8.13% over the past 90 days and TSLA has shown 479.39% over the past year. Tesla, Inc. (TSLA) has a 1 year range of $65.42 to $502.49. Tesla, Inc. (TSLA) is trading 523.80% from its 1 year low and -18.79% from its 1 year high. Tesla, Inc. (TSLA) is displaying a 6.31% short float displaying the sum short in the float.
TSLA has 937.00M shares outstanding and 757.56M shares in the float. Tesla, Inc. (TSLA) currently has a market cap of $389.92B and an income of 525.00M. The EPS next quarter for TSLA is 0.87 and the forecasted EPS next year is 70.17%. The market cap of Tesla, Inc. (TSLA) at $389.92B signifies how many Traders own shares of TSLA and is calculated off the last price ($408.09) of TSLA and the sum of shares outstanding (937.00M) with Tesla, Inc. (TSLA).
Tesla, Inc. (TSLA) has aggregate cash (mrq) of 14.53B, aggregate cash per share (mrq) of 15.33, aggregate debt of TSLA rests at 15.16B and aggregate debt/equity (mrq) is 86.65. Tesla, Inc. (TSLA) operating cash flow (ttm) is 4.35B, TSLA leveraged free cash flow (ttm) is 2.36B.
TSLA is trading -2.30% below (bearish) its SMA20, -2.53% below (bearish) its SMA50 and 57.06% above (bullish) its SMA200.