
Tesla (TSLA) Stock Forecast & Price Target
Tesla (TSLA) Analyst Ratings
Bulls say
Tesla demonstrates a positive outlook due to its vertically integrated business model, which includes the production of electric vehicles, energy storage solutions, and a robust fast-charging network, enabling the company to leverage cost efficiencies and capitalize on growing demand across diverse markets. The company's anticipated global deliveries approaching 1.8 million vehicles in 2024, along with improved manufacturing efficiency, position it favorably within the competitive landscape. Additionally, Tesla's ability to realize incremental revenue from its expanding energy and storage sector, alongside potential advancements in lower-priced models and autonomous driving technology, further enhances its growth prospects and financial stability.
Bears say
Tesla's stock faces a negative outlook due to a 9% decline in used vehicle prices compared to the broader US auto market's 3% decrease, indicating a struggle to maintain resale value and consumer demand. Additionally, the company has revised its first-quarter delivery estimate to 358,000 vehicles, significantly below both previous estimates and consensus predictions, suggesting weakened sales momentum, particularly in critical markets like Europe and China. The projection for delivery growth has been lowered to 11%, accompanied by a notable decrease in expected regulatory credits and valuations for its full self-driving and robotaxi initiatives, indicating a decline in confidence in future revenue streams.
This aggregate rating is based on analysts' research of Tesla and is not a guaranteed prediction by Public.com or investment advice.
Tesla (TSLA) Analyst Forecast & Price Prediction
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