Why is Tesla stock so cheap now? (2024)

Why is Tesla stock so cheap now?

Wednesday's drop was triggered by a Wall Street analyst who slashed his sales and earnings estimates and price target. He sees too many headwinds to stay neutral on the stock. Wells Fargo analyst Colin Langan is the bearish analyst. On Wednesday, he downgraded Tesla stock to the equivalent of Sell from Hold.

Why is Tesla stock so low right now?

Tesla Stock Falls Amid Growth Concerns

TSLA shares sank after the company announced worse-than-expected Q3 earnings and revenue on October 18, 2023. Tesla reported third-quarter earnings down 37% to 66 cents per share, the lowest in two years for Chief Executive Elon Musk.

Why has the Tesla share price dropped?

The fall in sales in its key market dimmed the outlook for Tesla's global deliveries, at a time when the top EV maker is battling a decline in demand and rising competition, and is weighed down by a lack of entry-level vehicles and the age of its product line-up.

Will Tesla stock go up 2024?

With 2023 in the rearview mirror, analyst consensus now has 2024 Tesla earnings below 2023's level. That signals another year of earnings declines for this growth stock. Wall Street expects Tesla earnings per share of just $2.95 in 2024, according to FactSet. That would be more than a 5% decline vs. last year's $3.12.

Is Tesla stock expected to rise?

Tesla Stock Forecast

The 29 analysts with 12-month price forecasts for Tesla stock have an average target of 203.86, with a low estimate of 85 and a high estimate of 300. The average target predicts an increase of 15.97% from the current stock price of 175.79.

Why not to buy Tesla stock?

The electric vehicle (EV) maker, Tesla, has a number of key risks that it will face in the next 5-10 years. Notable risks include Tesla cars being too expensive with tax breaks and that the construction of its Gigafactory (battery factory) taking longer than expected.

What is Tesla's prediction for 2024?

Analysts expect Tesla's adjusted EPS to fall slightly in 2024, while predicting a nearly 13% rise in revenues. We have seen this bifurcation between Tesla's revenue growth and profitability for the last several quarters amid the ongoing EV price war, which was initiated by Tesla.

Is Tesla a buy or sell?

Tesla has a conensus rating of Hold which is based on 9 buy ratings, 19 hold ratings and 7 sell ratings. What is Tesla's price target? The average price target for Tesla is $198.72. This is based on 35 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is the prediction for Tesla?

Full-Year EPS Predictions, Q1 Deliveries Come Down

That signals another year of earnings declines for this growth stock. Wall Street currently expects Tesla earnings per share of just $2.88 in 2024, according to FactSet. That would be an 8% decline vs. last year's $3.12.

What is the prediction for Tesla stock price in 2025?

By 2025 Tesla Stock (TSLA) can reach $500 more than 260% in just 1 year, That's the Power of Tesla! To figure out what might happen to Tesla's stock in the future, we use a mix of smart analysis and some good guesses.

Will Tesla bounce back?

Bullish Tesla investors also point out that the company's revenue growth beyond 2024 is expected to surpass all of the Magnificent Seven other than Nvidia Corp. Its earnings are also projected to bounce back in 2025 after dropping this year, and will be climbing at a faster pace than most other mega-caps.

What is the most promising AI stock?

7 best-performing AI stocks
TickerCompanyPerformance (Year)
NVDANVIDIA Corp242.13%
SOUNSoundHound AI Inc194.50%
SYMSymbotic Inc114.90%
UPSTUpstart Holdings Inc107.01%
3 more rows

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.

Is AMZN a buy right now?

Amazon has a conensus rating of Strong Buy which is based on 41 buy ratings, 0 hold ratings and 0 sell ratings. What is Amazon's price target? The average price target for Amazon is $209.59. This is based on 41 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Will Tesla ever pay a dividend?

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. When was Tesla's initial public offering (IPO)?

Is Tesla stock in trouble?

Tesla (TSLA)

Two weeks ago, Tesla stock dropped 6.7% to 163.57, hitting new 2024 lows and levels not seen since May 2023. TSLA is down 12% in March and the biggest loser on the S&P 500 index so far in 2024.

What are the best stocks to invest in 2024?

10 Best Growth Stocks to Buy for 2024
StockExpected Change in Stock Price*
Tesla Inc. (TSLA)61%
Mastercard Inc. (MA)14.2%
Salesforce Inc. (CRM)7.2%
Advanced Micro Devices Inc. (AMD)11.3%
6 more rows
6 days ago

What will Tesla stock be worth in 2040?

Key takeaways:
20252040
TSLA stock forecast (5% annual growth)$204$446
TSLA stock forecast (S&P 500 historical 11.13% ROI - last 50 yrs)$216$1,169
TSLA stock forecast (QTEC historical 15.2% ROI - last 18 yrs)$224$2,155
Feb 15, 2024

Is Tesla stock bearish or bullish?

Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear). TSLA stock recorded 12/30 (40%) green days with 6.49% price volatility over the last 30 days.

How high is Apple stock expected to go?

Apple Stock Forecast

The 31 analysts with 12-month price forecasts for Apple stock have an average target of 205.32, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 19.87% from the current stock price of 171.29.

Is it worth buying Tesla shares?

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.

What was Tesla highest stock price?

Historical daily share price chart and data for Tesla since 2010 adjusted for splits and dividends. The latest closing stock price for Tesla as of March 27, 2024 is 179.83. The all-time high Tesla stock closing price was 409.97 on November 04, 2021.

What are analysts saying about Tesla stock?

Snapshot
Average RecommendationHold
Average Target Price200.83
Number Of Ratings51
FY Report Date12/2024
Last Quarter's Earnings0.71
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What is the fair value of Tesla stock?

As of 2024-03-27, 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 177.67 USD, the upside of Tesla Inc is -33.7%.

Will Tesla ever make a true SUV?

The 2024 Model Y is Tesla's compact crossover SUV. It was one of the first fully electric compact crossovers to hit the market, and it is essentially the standard by which all other entrants in the segment are judged, and for good reason.

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