Will Tesla reach 1000?

Will Tesla reach 1000?

Tesla reported record quarterly earnings and all-time high forecasts during the Q4 earnings call.

The all-time high Tesla stock closing price was 409.97 on November 04, 2021. Since then Tesla has not been able to touch $400. However, with the demand for Electric vehicles set to rise in the future, TSLA’s share price is expected to rise higher and could also reach $1000. However, before determining how Tesla stock price could reach $1000, let us look at some favorable factors that could push Tesla above $1000

  • EV Demand continues to rise and Tesla remains a dominant player. Cybertruck likely to contribute significantly over the next 5 years
  • FSD and other software-related revenues are likely to increase in the share of revenue and are likely to grow even faster than EV sales
  • Megapack revenues are likely to become a significant contributor over the next 3-5 years

Let us look at factors that don’t favor Tesla

Our $1000 Forecast is done in Multiple ways

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? Using the last quarter’s growth (YOY)

Tesla’s EPS(non-GAAP) gained around 40% in the 4th quarter of 2022. Taking this growth as a base, Tesla stock will reach $1000 in 2029. In reality, EPS may not rise at the rate of 40% through the next 5-7 years.

Caution: Long Term Forecasts are a good topic to discuss but are quite unreliable due to the vagaries of the economic environment and the limited data available.

Will Tesla reach 1000? Conclusions

Considering the fundamentals and the current forecasts, it is likely that the earliest Tesla stock would reach $1000 is between 2027 and 2029. While EPS may not rise at the pace estimated, Multiples which are also a function of the economic environment at that point in time could push Tesla to $1000 in the next Bull Cycle.

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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.

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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