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Tesla (TSLA) stock forecast for 2024
Updated: April 24, 2024 (09:43)
Sector: Consumer cyclicalThe share price of Tesla, Inc. (TSLA) now
50/200 Day Moving Average: $177.71 / $224.31
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, Inc. 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 TSLA stock now or waiting? What are analysts' forecasts for Tesla stock?
We forecast Tesla stock performance using neural networks based on historical data on TSLA stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Tesla, Inc. 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 $183.14. Today 200 Day Moving Average is the resistance level (224.31 $). 50 Day Moving Average is the resistance level (177.71 $).
Historical and forecast chart of Tesla, Inc. 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 TSLA stock price can be found in the table below.
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The 2024 Outlook: Navigating the Turbulence in Tesla’s Stock Forecast
Predicting the trajectory of Tesla (NASDAQ:TSLA) stock rates, especially for the year 2024, brings to fore a complex interplay of factors and events that could significantly influence the company’s valuation. While forecasting stock prices with pinpoint accuracy remains a challenge, soaked in unpredictability, certain key indicators and events shed light on what might shape Tesla’s financial landscape in the coming year.
The Twin Pillars of Tesla’s 2024 Stock Rates
One of the pivotal factors is the company’s innovation in autonomous technologies. With Tesla’s push towards perfecting autonomous driving capabilities, the potential for launching an autonomous taxi service could substantially enhance profit margins, influencing a positive uptick in stock rates. According to their Q4 earnings report, which showed higher GAAP earnings despite a slight miss on expectations, this development points towards a bullish TSLA stock prediction for 2024, underpinned by increasing vehicle production and deliveries.
However, Tesla’s journey in 2024 is not free from turbulence. Recent concerns over CEO Elon Musk’s enormous pay package, deemed excessive and voided, alongside musings over his potential departure from the company, introduce a shade of uncertainty. If Musk were to exit, taking his innovative prowess in AI and Robotics with him, Tesla’s valuation could see a drastic reevaluation, veering towards an automaker valuation. This scenario could trigger over an 80% plummet in Tesla’s stock rates if it reverts to mere automaker valuation multiples, marking a significant why Tesla stock might be down.
Moreover, the entwined relationship of leadership decisions, product roadmap clarity, and the evolution of Tesla’s balance sheet structure emerge as critical influencers. As 2024 approaches, investors should keep a vigilant eye on these developments, along with gauging market sentiment around key product launches like the Cybertruck, whose impact could sway Tesla stock earnings significantly.
In conclusion, while the exact future rate of TSLA stock remains shrouded in financial forecasting’s inherent uncertainty, the blend of technological advancements against the backdrop of corporate governance and market reception to new products will dictate Tesla’s stock performance in 2024. For investors pondering whether Tesla stock is a buy, a sell, or if they should hold onto their shares, keeping abreast with these unfolding events becomes paramount in making informed decisions.
Tesla (TSLA) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 153.27 | 139.79 | 158.16 | 11.62 % |
| Jun | 163.39 | 157.82 | 177.41 | 11.04 % |
| Jul | 158.54 | 151.74 | 166.04 | 8.61 % |
| Aug | 162.37 | 156.12 | 169.52 | 7.90 % |
| Sep | 169.88 | 166.14 | 181.46 | 8.44 % |
| Oct | 187.25 | 179.22 | 196.73 | 8.90 % |
| Nov | 184.37 | 169.77 | 194.51 | 12.72 % |
| Dec | 192.89 | 188.22 | 202.22 | 6.92 % |
Tesla information and performance
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 May 2024.
In May, the Positive dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 11.619% volatility is expected.
Pessimistic target level: 139.79
Optimistic target level: 158.16
Target values for the price of one Tesla share for Jun 2024.
In Jun, the Positive dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 11.043% volatility is expected.
Pessimistic target level: 157.82
Optimistic target level: 177.41
Target values for the price of one Tesla share for Jul 2024.
In Jul, the Negative dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 8.613% volatility is expected.
Pessimistic target level: 151.74
Optimistic target level: 166.04
Target values for the price of one Tesla share for Aug 2024.
In Aug, the Positive dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 7.902% volatility is expected.
Pessimistic target level: 156.12
Optimistic target level: 169.52
Target values for the price of one Tesla share for Sep 2024.
In Sep, the Positive dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 8.444% volatility is expected.
Pessimistic target level: 166.14
Optimistic target level: 181.46
Target values for the price of one Tesla share for Oct 2024.
In Oct, the Positive dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 8.900% volatility is expected.
Pessimistic target level: 179.22
Optimistic target level: 196.73
Target values for the price of one Tesla share for Nov 2024.
In Nov, the Negative dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 12.721% volatility is expected.
Pessimistic target level: 169.77
Optimistic target level: 194.51
Target values for the price of one Tesla share for Dec 2024.
In Dec, the Positive dynamics for Tesla, Inc. shares will prevail with possible monthly volatility of 6.925% volatility is expected.
Pessimistic target level: 188.22
Optimistic target level: 202.22
