Tesla Motors (NASDAQ: TSLA) has been having a peculiar 2024 so far with a string of good, bad, and frequently odd developments. Indeed, after falling for
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Wall Street prevê preço das ações da Tesla para os próximos 12 meses
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Tesla Motors (NASDAQ: TSLA) has been having a peculiar 2024 so far with a string of good, bad, and frequently odd developments.
Indeed, after falling for much of the year and reporting very weak delivery figures for the first quarter of the year, TSLA shares saw an uncommon and large rally in the wake of the earnings report covering the first trimester of 2024.
What made the moves peculiar is the fact that the surge that saw the stock of Elon Musks electric vehicle (EV) maker rise from $142 to $194 in a week came after the company failed to meet the already-depressed analyst forecasts.
TSLA stock 1-month price chart. Source: Finbold
The move – largely attributed to the investors‘ preparedness for even worse figures and Musk’s promises of a fully autonomous taxi in August – is, however, already halfway gone by the time of publication on May 13.
Analysts estimate Teslas prospects for the rest of 2024
The turbulence of 2024 is also relatively well reflected in the expert analyses of Tesla shares.
In the coming 12 months, TSLA stock is, overall, expected to climb 2.86% from Teslas price today – which stands at $168.88 – and reach $173.29 over the course of 52 weeks.
Beyond the cumulative forecast, as retrieved from on May 13, there exists a massive spread between the most bullish and the most bearish predictions.
TSLA stock analyst ratings. Source: TipRanks
The most pessimistic forecasts, assigned by the prominent TSLA bear Gordon Johnson of GJL Research in mid-April, would see the EV maker lose most of its value and fall to just $22.86 per share.
The estimate relies on the notion that most of Teslas business consists of vaporware with few promises materializando into actual products but also stems from a more comprehensive price-to-earnings analysis.
The high target of $310 – assigned by Morgan Stanley (NYSE: MS) – however, looks more to Teslas track record in the stock market and analyzes the promised products and features, particularly those connected to artificial intelligence (AI) such as the self-driving technology (FSD) as major drivers of looming growth.
The other recent major revision, published on May 2 by Cantor Fitzgerald, is similarly bullish – though more cautiously so – and predicts a 12-month rise to $230 accompanied by an ‘overweight’ – buy – rating.
Isenção de responsabilidade:
Os pontos de vista expressos neste artigo representam a opinião pessoal do autor e não constituem conselhos de investimento da plataforma. A plataforma não garante a veracidade, completude ou actualidade da informação contida neste artigo e não é responsável por quaisquer perdas resultantes da utilização ou confiança na informação contida neste artigo.
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