Will Tesla stock recover in 2024? (2024)

Will Tesla stock recover in 2024?

Wall Street consensus has 2024 Tesla earnings firmly below 2023's level. That signals another year of earnings declines for this growth stock. Wall Street currently expects Tesla earnings per share of just $2.70 in 2024, according to FactSet. That would be more than a 13% decline vs.

What is Tesla stock prediction for 2024?

Tesla (TSLA) stock is angling lower in 2024, falling around 30% as analysts project 2024 vehicle deliveries could undercut last year's total with profit forecasts continuing to fall ahead of first-quarter earnings.

What is Tesla stock prediction in 2025?

I believe Tesla stock should bottom out soon, and don't see it falling below $150 - which is around 35x its expected 2025 EPS. To be sure, the company seems to lack any real short-term catalysts. While the Cybertruck is still a long way from mass production, the new low-cost model has yet to be announced.

Is Tesla stock likely to recover?

“Tesla first quarter 2024 [is] likely the bottom,” wrote New Street Research analyst Pierre Ferragu in a Thursday report. He expects first-quarter deliveries to come in around 420,000 units, but also expects delivery growth and a recovery in profit margins later in 2024. Investors hope that's the case.

Does Tesla stock have a good future?

Wall Street expects Tesla earnings per share of just $2.96 a share in 2024, according to FactSet. That would be a around a 5% decline vs. last year's $3.12. That was a 23% decline vs. 2022. Analyst project a solid increase in 2025 to $4.13 a share.

Should I hold Tesla?

Tesla has a conensus rating of Hold which is based on 9 buy ratings, 19 hold ratings and 7 sell ratings. The average price target for Tesla is $196.72. This is based on 35 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is Tesla a buy sell or hold?

Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy. The average rating score is and is based on 45 buy ratings, 33 hold ratings, and 16 sell ratings.

How high is Tesla stock expected to go?

Average Price Target

Based on 34 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $182.58 with a high forecast of $310.00 and a low forecast of $22.86. The average price target represents a 21.07% change from the last price of $150.80.

Will Tesla stock go down to $100?

However, if Ives' own 2024 recovery forecast for Tesla fails to play out, it is very much possible that TSLA stock slides to $125 per share, $100 per share, or down to double-digit price levels. If this moment arrives, and it's not just the fair weather fans losing faith, consider this the time to pounce.

Can Tesla stock reach $1,000?

It's unlikely Tesla's returns going forward will come anywhere near resembling the last five years. So, investors shouldn't expect a $1,000 price per share by the end of the decade.

Is Tesla a safe long term stock?

Tesla Shares: A Fair Value Estimate

With its 3-star rating, we believe Tesla's shares are fairly valued compared to our long-term fair value estimate. In 2024, we forecast Tesla will see a far slower growth rate, with deliveries increasing just 10% to a little under 2 million, from a little over 1.8 million in 2023.

Is Tesla stock at risk?

This year's slide in the stock has raised the risk that any disappointment in Tuesday's earnings report or Musk's conference call could snowball, according to technical analysts who analyze moves in share prices to predict their future path. To them, the drop below $150 has already breached a key support level.

Why is Tesla stock losing value?

Including Friday's action, Tesla stock has fallen 32% this year. Slowing EV demand growth, leading to lower delivery and earnings estimates from Wall Street, have weighed on investor sentiment. Tesla reports first-quarter delivery figures on April 2.

How high will Tesla stock go in 2030?

He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.

What is the long term forecast for Tesla?

Tesla stock prediction for 1 year from now: $ 337.07 (129.22%) Tesla stock forecast for 2025: $ 187.94 (27.81%) Tesla stock prediction for 2030: $ 640.93 (335.86%)

Who is the largest individual shareholder of Tesla?

Elon Musk owns the most shares of Tesla (TSLA).

Is Tesla financially stable?

Tesla reported earnings of $7.9 billion in net income on $25.2 billion in revenue during the fourth quarter of 2023. The figures represent an increase in revenue, up from $24.3 billion the same time last year.

What will Tesla stock be worth in 2040?

The S&P 500 index had an average annual return of 11.13% between 1973 and 2023. If Tesla stock were to grow at this average rate until 2040, TSLA stock would be worth $1,056 in 2040. This would be about 2.5x the stock's current all-time high price of $407.

What's the point of buying a Tesla?

Benefits: Zero Emissions: Teslas are all-electric, so you're doing your bit for the environment by reducing emissions. Performance: They're known for quick acceleration and smooth handling. Low Operating Costs: Electricity is generally cheaper than gasoline, so you'll likely save on 'fuel' costs.

Should I buy TSLA stock today?

Tesla holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Does Tesla pay dividends?

Does Tesla pay a dividend? Does it plan to? Tesla has never declared dividends on our common stock. We intend on retaining all future earnings to finance future growth and therefore, do not anticipate paying any cash dividends in the foreseeable future.

Is NVDA a good buy?

NVDA boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 84.7% year-over-year for 2025, while Wall Street anticipates its top line to improve by 74.1%.

What is the 12 month forecast for Tesla stock?

Tesla Stock Forecast

The 30 analysts with 12-month price forecasts for Tesla stock have an average target of 192.56, with a low estimate of 22.86 and a high estimate of 310. The average target predicts an increase of 33.09% from the current stock price of 144.68.

What is a fair price for Tesla stock?

As of 2024-04-24, the Fair Value of Tesla Inc (TSLA) is 117.74 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 144.68 USD, the upside of Tesla Inc is -18.6%.

What is the short-term forecast for Tesla stock?

Based on short-term price targets offered by 28 analysts, the average price target for Tesla comes to $184.25. The forecasts range from a low of $22.86 to a high of $310.00. The average price target represents an increase of 22.89% from the last closing price of $149.93.

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