Tesla (TSLA) stock forecast for 2024
Last update: December 6, 2023 (09:43)
Sector: Consumer cyclicalThe share price of Tesla, Inc. (TSLA) now
50/200 Day Moving Average: $234.83 / $224.03
This figure corresponds to the Average Price over the previous 50/200 days. For Tesla stocks, the 50-day moving average is the resistance level today.
For Tesla stocks, the 200-day moving average is the resistance level today.
Are you interested in Tesla stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Tesla stock price in 2024. How much will one Tesla share be worth in 2024? Is it worth taking profit / loss on Tesla stock now or waiting? What are analysts' forecasts for Tesla stock?
We forecast Tesla stock performance using neural networks based on historical data on Tesla stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Tesla stock prediction results are shown below and presented as a graph, table and text information.
Tesla stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Tesla analysts is $224.9.
Today 200 Day Moving Average is the support level (224.03 $).
50 Day Moving Average is the support level (234.83 $).
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Historical and forecast chart of Tesla stock
The chart below shows the historical price of Tesla stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Tesla stock price can be found in the table below.
Tesla (TSLA) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 263.40 | 248.05 | 277.60 | 10.65 % |
| Feb | 291.22 | 270.72 | 301.15 | 10.11 % |
| Mar | 304.03 | 290.66 | 318.41 | 8.72 % |
| Apr | 291.32 | 266.01 | 312.47 | 14.87 % |
| May | 292.29 | 283.28 | 317.36 | 10.74 % |
| Jun | 319.94 | 303.40 | 326.97 | 7.21 % |
| Jul | 349.15 | 334.55 | 369.50 | 9.46 % |
| Aug | 354.52 | 341.26 | 380.65 | 10.35 % |
| Sep | 349.06 | 329.48 | 369.41 | 10.81 % |
| Oct | 324.87 | 312.37 | 340.95 | 8.39 % |
| Nov | 308.79 | 296.22 | 320.68 | 7.63 % |
| Dec | 301.66 | 282.08 | 316.26 | 10.81 % |
Tesla information and performance
Tesla Motors is a young American automobile company from Silicon Valley with a focus on electric vehicles. Tesla was able to break the usual stereotypes about a small electric car and take the industry to a whole new level. According to co-founder Elon Musk, he sees Tesla as an independent company making electric cars available to the average consumer. Another interesting direction of business development is batteries. In 2015, the company introduced a powerful stationary battery for home use.
3500 DEER CREEK RD, PALO ALTO, CA, US
Market capitalization of the Tesla, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of TSLA shares in the company outstanding by the market price of one share.
EBITDA of Tesla is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Tesla price target for 2024 by month
Target values for the price of one Tesla share for Jan 2024.
In Jan, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.646% volatility is expected.
Pessimistic target level: 248.05
Optimistic target level: 277.60
Target values for the price of one Tesla share for Feb 2024.
In Feb, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.106% volatility is expected.
Pessimistic target level: 270.72
Optimistic target level: 301.15
Target values for the price of one Tesla share for Mar 2024.
In Mar, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 8.718% volatility is expected.
Pessimistic target level: 290.66
Optimistic target level: 318.41
Target values for the price of one Tesla share for Apr 2024.
In Apr, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 14.870% volatility is expected.
Pessimistic target level: 266.01
Optimistic target level: 312.47
Target values for the price of one Tesla share for May 2024.
In May, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.739% volatility is expected.
Pessimistic target level: 283.28
Optimistic target level: 317.36
Target values for the price of one Tesla share for Jun 2024.
In Jun, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 7.211% volatility is expected.
Pessimistic target level: 303.40
Optimistic target level: 326.97
Target values for the price of one Tesla share for Jul 2024.
In Jul, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 9.458% volatility is expected.
Pessimistic target level: 334.55
Optimistic target level: 369.50
Target values for the price of one Tesla share for Aug 2024.
In Aug, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.347% volatility is expected.
Pessimistic target level: 341.26
Optimistic target level: 380.65
Target values for the price of one Tesla share for Sep 2024.
In Sep, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 10.810% volatility is expected.
Pessimistic target level: 329.48
Optimistic target level: 369.41
Target values for the price of one Tesla share for Oct 2024.
In Oct, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 8.385% volatility is expected.
Pessimistic target level: 312.37
Optimistic target level: 340.95
Target values for the price of one Tesla share for Nov 2024.
In Nov, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 7.626% volatility is expected.
Pessimistic target level: 296.22
Optimistic target level: 320.68
Target values for the price of one Tesla share for Dec 2024.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 10.807% volatility is expected.
Pessimistic target level: 282.08
Optimistic target level: 316.26
