Will Tesla reach $500 or $1000? Tesla Stock Forecast 2024-2030

This article talks about some of the key Tesla Stock Forecasts 2024 and also answers the questions, “Will Tesla Reach $350 in 2024” and “Is Tesla a Good Investment?”

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Latest Tesla Stock Price

Tesla Stock Performance in the Last 12 Months

Last 5 Days	-9.3%
Last 1 Month	-17.7%
Last 6 Months	-33.1%
Last 12 Months	-12.6%

Tesla Stock- Buy or Sell Poll

Net Buy Rating = Buy% – Sell%

• Feb 13th: +54.0%
• Feb 28th: +54.2%
• Feb 29th: +54.2%
• Mar 4th: +54.2%
• April 4th: +53.3%
• April 22nd: +53.0%
• April 23rd: +50.0%

What are the Signals and Predictions?

Tesla has recently implemented price cuts across its electric vehicle lineup in several countries including the United States and China. In the U.S., the company reduced the starting prices of its Model X, Model Y, and Model S by $2,000, representing a drop of less than 5% for the most affordable model. Similarly, in China, Tesla lowered prices for all models sold there by 14,000 yuan, equating to just over a 5% reduction for the most affordable model. As a result of these moves, Tesla’s stock, which was already struggling, further declined and dipped below $150.

Analysts have been revising down their forecasts for Tesla’s stock over the past few months, with the current 12-month target now below $200 and the aggregated 2024 target also falling below $200. In the short term, Tesla will need to surpass the $200 mark before any significant upward movement can occur. The company has been facing challenges amid waning investor interest.

For Tesla, the primary objective will be to surpass the $200 threshold and establish strong support above this level. However, before reaching this target, Tesla must first break above the current downtrend and reclaim the $150 level. From a technical perspective, Tesla appears to be oversold.

Track More Analysts and Influencers for their Tesla Prediction 2024 and Beyond Here

• Tesla Stock Price Prediction in the next 24 hours is between $162 and $162
• Tesla Stock Price Prediction this week is between $144 and $164

Tesla stock price has been highly volatile and it has failed to interest more investors in the past couple of months. Therefore, a question arises, “Will Tesla Reach $500 or $1000 in the future?”

Before we jump to the conclusion, let us see what the analysts forecast and the Tesla Long-Term Price Predictions:

Tesla Target Price for Next 12 Months: Analysts

Tesla Target Price 2024	$196
Wells Fargo	$120
Piper Sandler	$205
Citigroup	$180
Jefferies	$165
Morgan Stanley	$310

Tesla Stock Forecast 2024-2030: Aggregated*

• Tesla Stock Price Prediction 2024 is $187
• Tesla Stock Price Prediction 2025 is $238
• Tesla Stock Price Prediction 2026 is $304
• Tesla Stock Price Prediction 2027 is $386
• Tesla Stock Price Prediction 2028 is $487
• Tesla Stock Price Prediction 2029 is $615
• Tesla Stock Price Prediction 2030 is $776

Neither the analysts’ estimates nor our long-term prediction sees Tesla stock price at $1000 until 2030 but we do estimate Tesla to reach $500 in coming years.

Can Tesla Stock reach $1000? EPS Estimate Method

Tesla Earnings Per Share Forecast 2030

• Motley Fool: $24.3
• Gary Black: $40

Average Earnings Per Share: $32.2

Using the current EPS multiples on future forecasts Tesla will hit $1000 in the year 2027. In reality, it will take longer given that EPS Multiples will fall over time.

Will Tesla reach 1000? Calculation

The 52-week high price of Tesla stock is around $300. At the current price, if Tesla’s stock price were to reach $1000 it would need to rise around 6 times and at $1000, the overall market cap of Tesla will be around 3,13 T. Now considering Tesla stock price gains 25% annually, it would take around 8 years for Tesla stock to reach $1000.

• Quality of Investment– Good
• Time and Growth required to reach $1000– Feasible
• Market Cap at $1000– Feasible

Considering the criteria Quality of Investment, growth required, and time required, Tesla has a good chance of reaching $1000.

Tesla Stock Prediction: Will Tesla reach $500 by the end of 2025?

As things stand today, there is a moderate probability that Tesla could reach $500 by the end of 2025. Multiple reasons for this

• Likely improvement in Macro liquidity conditions could drive up demand and pricing power for Tesla Products
• Improved liquidity could also drive up the willingness to pay a premium for Tesla Stock
• The Current stock price momentum suggests that Tesla could rise by another $250 over the next 24 months.

Will Tesla reach $500 and 1000? Conclusions

Considering the fundamentals and the current forecasts, it is likely that the earliest Tesla stock would reach $500 in the coming years. While EPS may not rise at the pace estimated, Multiples which are also a function of the economic environment now could push Tesla to $500 in the next Bull Cycle. However, Tesla may find it bit difficult to reach $1000 as of now.

Tesla Last Quarter Earnings, Q4 2023 Earnings

Tesla reported revenue and profit for the fourth quarter that missed analysts’ estimates. Here are the key data:

• Total revenue increased by 3% to $24.3 billion compared to the previous year.
• Operating margin for the quarter was 8.2%, down from 16% in the year-ago quarter but slightly higher than the prior quarter’s 7.6%.
• Net income more than doubled to $7.9 billion, or $2.27 per share, primarily due to a $5.9 billion one-time noncash tax benefit.
• Automotive revenue for the full year reached $82.42 billion, marking a 15% increase from 2022.
• Revenue from Tesla’s energy division rose by 54% to $6.04 billion, driven by sales of solar energy generation and energy storage systems.
• “Services and Other” revenue increased by 37% year over year to $8.32 billion.
• Operating income decreased to $2.1 billion in the quarter, attributed to reduced average sales prices of vehicles and increased operating expenses, particularly from AI and other R&D projects.
• Research and development spending rose to $1.09 billion from $810 million compared to a year earlier, though it decreased from $1.16 billion in the previous quarter.

Will Tesla reach $350 in 2024?

To reach above $350, Tesla will have to rise by $90 in the next 5 months. Aggregated forecasts suggest the base is in place to reach $300 this year itself. Here are some reasons why Tesla could reach $350

• The macroeconomic environment is likely to improve later this year
• Federal Govt support has helped Tesla drop prices
• Competitors are now accepting Tesla charging standards
• Other lines of business – Cybertruck, Energy Business

There are some risks as well

• Tesla is giving up margin to garner additional sales
• Chinese competition is rising (BYD for example)
• Competition in the US is also rising

Tesla Stock Price Prediction 2024: How High Will Tesla Go in 2024?

The Tesla stock reached its all-time high closing price of $409.97 on November 04, 2021. However, the stock has struggled to surpass the $400 mark since then. Despite this, Tesla’s shares have the potential for significant growth, benefiting from several positive factors. It is important to consider that certain factors could hinder the rise of Tesla stock. Here are some key factors that could contribute to the upward movement of Tesla stock in 2024:

1. Growth of EV Market: Tesla is the leading electric vehicle manufacturer worldwide, and the global electric vehicle market is projected to experience significant growth in the upcoming years.
2. Expansion of Tesla’s production capacity: Tesla is currently in the process of expanding its production capacity in various countries, such as China and the United States. This expansion aims to meet the rising demand for Tesla vehicles and could positively impact the company’s stock price.

Considering all these factors, Crowdwisdom360’s Tesla Stock Price Prediction 2024 is $250.

Tesla Stock Price Forecast 2024: Is Tesla a good stock to buy?

Yes, Tesla is a good stock to buy. Here is what is going in favor of Tesla

1. Rapid growth potential: Tesla is the leading EV company and with the increasing popularity of electric vehicles and renewable energy the growth of Tesla as a company is likely unstoppable. Considering the growth potential of the company it is wise to invest in its stock.
2. Outstanding R&D and Execution capability. The company has delivered numerous innovations and has produced its way around chip shortages quite efficiently. Tesla managed Chip shortages by replacing the chips with substitutes and rewriting its firmware. This enabled Tesla to manage production way more efficiently than most Manufacturers.
3. Positive market sentiment: Tesla has a large and passionate fan base, and the company’s stock has a strong following among individual investors. This positive market sentiment can be a reason to invest in the stock.

Reasons Not to Buy Tesla Stock

1. Interest rates and other economic factors: The Fed has increased rates many times even as there are no signs of the global economy recovering soon. While US inflation may continue to fall, an escalation in Ukraine could pose a huge risk to Global economies.
2. Competition: The electric vehicle market is becoming increasingly crowded. Tesla faces competition from companies like Byd, Nio, Lucid, General Motors, Ford, Volkswagen, and others, which could potentially impact its market share and profitability. While Tesla is the undisputed leader of the EV market in the world, a range of competitors are lined up to take a bite out of Tesla.
3. Regulations, fees, and fines: The electric vehicle market is subject to various regulations, including emissions standards and safety regulations. Changes in regulations could impact Tesla’s business and profitability.
4. Volatility: Tesla’s stock price has been volatile, and it has historically traded at a high valuation relative to its earnings and revenue. The volatile nature of the Tesla stocks makes it less attractive as an investment.
5. Production challenges: Tesla has faced production challenges in the past. If the company is unable to meet the demand for its products, it could impact its revenue and profitability.

Tesla Stock Price Prediction 2024: Frequently Asked Questions (FAQ)

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.