Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. According to the dataTable provided, Tesla’s current market capitalization stands at 677.88 bln dollars as of 2nd April 2023. A comparison of the market capitalization figures on 3rd February 2023 (599.91 bln), 2nd February 2023 (594.51 bln) and 1st February 2023 (572.84 bln) reveals that Tesla’s market capitalization has grown by 16% over the past two months.
The company’s stock price has also been steadily increasing over the same period from 211.76 dollars per share on 3rd February to 214.24 dollars per share on 2nd April; a gain of 1.5%. Over the past 52 weeks, Tesla’s stock price has ranged from 101.81 dollars to 384.29 dollars per share, representing year-over-year growth of 111%. The stock’s Price/Earnings ratio for the last twelve months is 62.28x and Price/Book ratio stands at 11x as of 2nd April 2023; both ratios indicate that Tesla is currently trading above its historical average valuation multiple but below its five year average P/E ratio of 92x indicating that it may be a good time to buy into the stock given its bullish outlook in terms of production and sales targets in upcoming quarters.
In summary, although there have been some dips along the way, Tesla’s overall financial position is strong with a growing market capitalization and a significant increase in stock prices over the past two months supported by healthy earnings metrics such as P/E & P/B multiples - all indicators that suggest a positive outlook for investors in terms of future returns in this particular stock going forward
