Tesla Inc. (TSLA) continues to the be main focus of the financial markets as we look to close the second quarter of 2025. The company plays a primary role in the electric vehicle (EV) industry and broader technological advances. The global market is very responsive to changes in renewable energy, technology, and policy. Tesla works in all these areas. As of Friday, May 2, 2025, TSLA closed at $287.21. Technical indicators suggest a short to medium-term bullish trend.
With TSLA stock at an important point, traders should watch key support levels. They should also stay updated on company news to make trading choices.
Financial Performance
In 2024, Tesla reported total revenue of $97.7 billion. This is an increase from $96.8 billion the year before. Net income was $7.2 billion in 2024. This is down from $15.0 billion in 2023. Gross profit was $17.5 billion in 2024. This is also down from $17.7 billion in the same time period.
Market capitalization is $1.33 trillion. The forward P/E ratio is 128.19, and the trailing P/E ratio is 114.11. Many respected analysts have kept their ratings on Tesla. Firms like JP Morgan, Wedbush, and Goldman Sachs confirmed their positions in April 2025. Wedbush Securities in particular reaffirmed its outperform rating, citing the company’s strides in autonomous vehicle software and battery development.
It is worth noting that institutional investors have a significant portion of Tesla’s share. Vanguard Total Stock Market Index and Vanguard 500 index fund make up 86.1 million shares and 72.7 million shares respectively. This shows confidence. Companies do thorough research before investing. Their involvement means that Tesla is a strong company.
Tesla Daily Chart
From a technical viewpoint, Tesla’s short-to-medium term indicators show sideways price movement. However, if the support level holds, we should not rule out a test of the February 2025 high of 367. Keep an eye on mid-May and mid-June for breakout periods if the recent sideways price action continues.
In conclusion, Tesla remains a compelling yet complex stock to trade. The company is financially resilience and from a valuation perspective is priced to perfection. Any earnings miss or policy issue will likely increase volatility. This will affect not just its own stock, but the entire market.
Written by Sigmanomics Team
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Read more:
https://www.cnn.com/markets/stocks/TSLA
https://finance.yahoo.com/video/tesla-elon-musk-gm-outlook-134112624.html
https://www.nasdaq.com/articles/are-wall-street-analysts-predicting-tesla-stock-will-climb-or-sink
