TSLA - Tesla - Stock Forecast

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TSLA is currently covered by 35 analysts with an average price target of $193.66. This is a potential upside of $20.68 (11.96%) from yesterday's end of day stock price of $172.98.

Tesla's activity chart (see below) currently has 1,375 price targets and 1,316 ratings on display. The stock rating distribution of TSLA is 56.56% BUY, 12.81% SELL and 30.63% HOLD.

Stock Analyst Price Targets - Review

Analysts average stock forecasts to be materialized ratio is 76.33% with an average time for these price targets to be met of 229.85 days.

Highest price target for TSLA is $400, Lowest price target is $85, average price target is $193.66.

Most recent stock forecast was given by EMMANUEL ROSNER from DEUTSCHE BANK on 08-Apr-2024.

What is Tesla?

Tesla, the world-renowned electric vehicle company, has transformed the automotive industry with its sustainable and Eco-friendly approach to transportation. In 2003, entrepreneur Elon Musk, along with engineers Martin Eberhard and Marc Tarpenning, founded a Silicon Valley startup. Their mission was to rapidly accelerate the worldwide transition away from fossil fuels by bringing innovative products to market.

What made Tesla famous?

Tesla’s first product was the Roadster, an electric sports car released just five years after the company’s inception. It proved to be an immediate success, inspiring awe among motorists who had previously relied solely on gasoline for driving. Tesla quickly became emblematic of a luxury brand with a conscientious attitude towards sustainability. Since then, Tesla has evolved into a global leader in energy storage solutions and solar products.

In 2022, Tesla reported a total weighted sum of $14.1 billion in profits, making it a profitable year after two consecutive years of losses. Significant government subsidies for electric vehicles, particularly in the United States, made this immense success possible by enabling buyers to purchase Tesla vehicles at a more affordable price.

Tesla’s expansion into China has been a major development for the company. In 2019, Tesla opened its first Gigafactory outside the United States in Shanghai, which has the potential to produce 250,000 cars annually and significantly increase the company’s market presence in the world’s largest auto market. However, Tesla has also faced challenges in China, including safety issues and multiple recalls for ill-fitting cars, which have attracted intense scrutiny from the Chinese government.

What are the products and services of Tesla?

Electric Vehicles

Tesla’s electric vehicles include the Model S, Model 3, Model X, Model Y, and the Cybertruck. These vehicles are designed to be environmentally friendly and are powered by batteries instead of gasoline. They offer features such as advanced autopilot, over-the-air software updates, and high-performance acceleration.

Energy Generation and Storage

Tesla’s energy generation and storage products include solar panels, solar roofs, Powerwall batteries, and Powerpack batteries. These products are designed to help homes and businesses generate and store their energy, reducing reliance on traditional energy sources.

Supercharger Network

Tesla’s Supercharger network is a system of charging stations located throughout the United States, Europe, and Asia that can quickly charge Tesla electric vehicles. The Supercharger network helps to alleviate concerns about range anxiety and makes long-distance travel in a Tesla more feasible.

Autopilot

Tesla’s Autopilot feature is an advanced driver assistance system that uses cameras and sensors to assist with driving tasks such as lane changing, parking, and collision avoidance. Autopilot is available on all Tesla vehicles and is constantly being updated with new features and improvements.

 

Tesla’s Revenue Streams

Tesla operates in two segments: Automotive and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits, and provides after-sales services, used vehicles, retail merchandise, and vehicle insurance services. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities. Tesla’s mission is to accelerate the world’s transition to sustainable energy and transportation, and with its innovative products and technologies, it is making significant strides toward that goal.

Currently out of the existing stock ratings of TSLA, 181 are a BUY (56.56%), 41 are a SELL (12.81%), 98 are a HOLD (30.63%).

Analyst name

Rating

Current price target

Potential distance

Previous price target

Date

Price targets met ratio

Average potential upside

Average Time (Days) For PT To Be Met

Performance score

Buy

189

$16.02 (9.26%)

200

4 days ago

28/43 (65.12%)

$16.02 (9.26%)

107

3.08

Buy

310

$137.02 (79.21%)

320

8 days ago

119/171 (69.59%)

$138.89 (81.17%)

211

3.85

Hold

10 days ago

35/38 (92.11%)

$159.29 (58.63%)

294

4.55

Sell

125

$-47.98 (-27.74%)

125

10 days ago

41/58 (70.69%)

$-50.22 (-28.66%)

180

2.54

Buy

300

$127.02 (73.43%)

315

15 days ago

68/113 (60.18%)

$124.21 (70.66%)

137

4.63

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What is TSLA (Tesla) average time for price targets to be met?

On average it took 229.85 days on average for the stock forecasts to be realized with a an average price target met ratio 76.33

Which analyst has the current highest performing score on TSLA (Tesla) with a proven track record?

VIJAY RAKESH

Which analyst has the most public recommendations on TSLA (Tesla)?

Vijay Rakesh works at MIZUHO and has 21 price targets and 9 ratings on TSLA

Which analyst is the currently most bullish on TSLA (Tesla)?

Trip Chowdhry with highest potential upside - $593.69

Which analyst is the currently most reserved on TSLA (Tesla)?

Shebly Seyrafi with lowest potential downside - -$226.81

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