Should You Go For This Blue Chip US Stock-TSLA

Acrobull Canada Advisory Inc.

November 06

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
Tesla, Inc.	TSLA-NASDAQ	Consumer Cyclical	$807.138 Billion	Medium

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.

Recent Highlights

Boost For The Stock- The company has recently reported its third quarter financial results and they were stable, however given the fact that the stock belongs to EV segment which is anticipated to grow much faster than others, we can expect the stock to climb higher.

We expect the stock to continue climbing and generate mid to long term results.

Third Quarter 2024 Financial Highlights

In the third quarter, Tesla sold 181,883 vehicles in China, up 30.27 percent year-on-year and up 24.67 percent from the second quarter, contributing 39.29 percent of global deliveries.

Tesla's revenue from its automotive business was $20.02 billion in the third quarter, up about 2 percent year-on-year while down 6.5 percent from the second quarter.

Revenue earned from the sale of carbon credits was $739 million, up 33.4 percent year-on-year. Revenue from the energy generation and storage business was $2.38 billion, up 52.4 percent year-on-year.

Gross profit for the third quarter was $5 billion, up 19.6 percent year-on-year and up 9.15 percent from the second quarter.

Stock Observation- The company stock earnings have been average, however long term aspects of the stock remain positive. The RSI level for the stock is at 56 which shows oversold conditions. Customers looking for mid to long term stock may choose to invest in it.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrovest only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrovest would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$251.44 USD
Acrobull Recommendation	Buy
Target Price	$299.25 USD
RSI Level	14 Day RSI 56
Total Shares Outstanding	3.21 Billion
Shares held by Insiders Risk Factor Stop Loss	12.91% Low 5%