Should you buy NASDAQ TSLA in the near future?

Tesla is an American electrical vehicle clean energy company based in Palo, Alto, California. The company is run by the famous Elon Musk and has pioneered the electrical vehicle segment over the course of the last few years. The shares of the company NASDAQ: TSLA at stand at an astounding $1887.09 as of 19th August. With an P/E of 971.08.

Things you need to know about TESLA before making a buying decision

Before investing in a stock, it is necessary that you know everything about the company to make a proper buying decision. Here are some of the important things that you should know about the company.

  • Tesla has never been known for their fast supplies for their cars or for at least being on schedule. But from this year they have focused and achieved the production speed they promised. This year they were able to provide the Model Y 6 months ahead of schedule and also generate profits in the 1st quarter.
  • The company’s model 3 became the best-selling automobile in China which is also the largest automobile market in the world.

A recent analysis of the market of NASDAQ: TSLA that influences your buying decision

The price to book ratio of the company is 12.39, and that is huge. The company has a huge market cap at 351 billion with shares trading at $1887.09 still the company’s trailing cash flow is just $800 million. Another thing to note is that the momentum of the stock is so good that it is running like a bull in the market, creating new 52-week highs in the time of the pandemic.

The thing with Tsla is that it is backed or run by Elon Musk who futuristic vision makes buyers go for investing in the stock. After the current surge, Elon Musk has become 4th richest person on the planet.

Fundamentals of NASDAQ: TSLA

The fundamentals of the company tesla are solid with a market cap of 351.68 Billion dollars. The company has bounced back from the 52-week low of $211 to a year high of $1923.9. The company also has EPS or Earning per share of $1.92.

Some other important stats of the company are Debt/Common Equity ratio which is 157.05 and the quick ratio of 0.80. Also, the price/free cash flow ratio is $175.21. The company has been doing better than the estimations by the analysts, and that is an excellent positive sign to go for it.

Taking all the information into consideration, the share NASDAQ: TSLA can be a good buy. It is important to note that consulting a professional before investing in any share is advisable. You can buy stock share from stock trading companies.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.