Stock Earnings under Review:Tesla, Inc. (NASDAQ:TSLA)

Shares of Tesla, Inc. (NASDAQ:TSLA) fell -0.14% to reach at $213.62 during previous trading session. The company has experienced volume of 3,457,343 shares while on average the company has a capacity of trading 11.57M share.

Tesla Inc. (TSLA ) shares slipped lower Friday amid reports that U.S. officials denied its request for tariff relief on the autopilot ‘brain’ of its flagship Model 3 sedan.

The U.S. Trade Representative rejected Tesla’s request late last month, multiple media outlets stated Friday, for relief from the 25% tariff on China-made goods put in place by President Donald Trump last year.

Tesla had said the levy would hit its profits and cause economic harm. The USTR, however, said the components are part of Beijing’s ‘Made in China 2025’ economic strategy and therefore are considered plannedally important to its industrial program.

Tesla shares were marked 0.6% lower at the start of trading Friday to change hands at $212.60 each, snuffing out a June run that has seen the stock rise nearly 20%.

Analysts have been concerned with Tesla’s tariff-related risk for several months, given the company’s reliance on both China-based manufacturing and overseas sales.

Last month, Morgan Stanley analyst Adam Jonas sent shares in the group sharply lower after he reduced his “bear case” outcome for the stock price, a view based on a series of worst-case scenarios for Tesla, to $10 a share from a previous estimate of $97 amid increasing concern it could find itself trapped in a tech and trade war between Washington and Beijing.

Jonas’s estimate is for Tesla sales in China, between 2020 and 2024, to generate around $9 billion in revenues.

However, should officials in Beijing respond to the increasingly damaging trade war and target Tesla with reprisal tariffs or restrictions, that figure could be sliced in half and carve more than $16.4 billion in market value from the Palo Alto, California-based company.

Tesla, Inc. (NASDAQ:TSLA) holds the market capitalization of $38.08B along with 178.02M outstanding shares. During the last trade, stock’s minimum price has been reached out at $210.40 while the maximum trading price moved at $216.65. Currently the stock price is moving 20.70% off from the highest level of twelve months and -44.87% above from twelve months low. Tesla, Inc. (NASDAQ:TSLA) marked 52-week highest price level of $387.46 on Jul 30, 2019 and 52-week lowest price level of $176.99 on Aug 5, 2019.

As of current trade, Tesla, Inc. (NASDAQ:TSLA) has shown weekly upbeat performance of 3.87%. Its six months performance indicated a bearish -41.68% movement while its yearly performance reflected a negative trend of -37.59%. Year-to-date (YTD) performance of the stock illustrate downbeat trend of -35.72%. Shares of Tesla, Inc. (NASDAQ:TSLA) currently have an ABR of 3.05, derived from a total of 22 opinions. The company’s price sits -8.64% below from its 50-day moving average of $217.98 and -26.36% below from the stock’s 200-day moving average of $284.50. The company has Relative Strength Index (RSI 14) of 49.22 along with Average True Range (ATR 14) of 10.19. Its weekly and monthly volatility is 4.26%, 4.77% respectively. The company’s beta value is at 0.51.

Tesla, Inc. currently has a PEG ratio of 0 where as its P/E ratio is 0. The company’s price to sales ratio for trailing twelve months is 1.69 and price to book ratio for most recent quarter is 8.04, whereas price to cash per share for the most recent quarter is 17.32. Tesla, Inc. (NASDAQ:TSLA)’s price to free cash flow for trailing twelve months is 22.59. Its quick ratio for most recent quarter is 0.40 along with current ratio for most recent quarter of 0.80. Total debt to equity ratio of the company for most recent quarter is 2.50 whereas long term debt to equity ratio for most recent quarter is 2.13. Tesla, Inc. (NASDAQ:TSLA) has a Return on Assets of -3.30%. The company currently has a Return on Equity of -21.60% and Return on Investment of -2.60%.