NEW YORK, USA – Shares of electric vehicle giant Tesla, Inc. (NASDAQ: TSLA) faced downward pressure in Tuesday’s trading session, dropping significantly by early afternoon.
As of 12:40:14 PM EDT, Tesla stock was trading at 8.03, or -3.16%, from the previous closing price of $254.11. The stock opened the session lower at $247.69 and continued to trend downwards.
The intraday chart shows volatility, particularly after the market open, with the price struggling to maintain levels above 246.22 and $251.97**, with the current price hovering near the session’s low point.
Trading volume reached over 43.4 million shares by midday, indicating active participation from investors, although this is tracking below the stock’s average volume of approximately 110.6 million shares.
This decline puts Tesla’s intraday market capitalization around $792.34 billion. Key metrics show a high Beta (5Y Monthly) of 2.58, suggesting the stock typically exhibits higher volatility compared to the broader market. The company maintains a high Price-to-Earnings (PE) ratio (TTM) of 121.35, based on an EPS (TTM) of $2.03.
Despite today’s dip, the current share price remains significantly above the lower end of its 52-week range ($138.80 – $488.54). However, it sits well below the reported 1-year target estimate of $312.46. Tesla does not currently pay a dividend.
Investors are keeping a close eye on TSLA’s performance as the trading day unfolds, monitoring whether the stock finds support near its current levels or continues its descent. The next reported earnings date is indicated as April 22, 2025.
