Summary:
- Tesla (TSLA, Financial) faces a 5% decline in pre-market trading due to disappointing first-quarter vehicle deliveries.
- Wall Street projects an average price target for Tesla of $324.02, indicating room for potential growth.
- Investors remain intrigued by Tesla's future strategies amidst competitive pressures, notably from Byd Co.
Tesla Inc. (TSLA) saw its share price slip by 5% in pre-market trading following the announcement of first-quarter vehicle deliveries. Reporting 336,681 units, Tesla fell short of Wall Street’s anticipated 390,343 units. The shortfall is largely attributed to changes in the Model Y production lines, which have temporarily reduced output. Despite the introduction of a revamped Model Y, the market remains uneasy about Tesla's demand potential, especially as Byd Co. continues to outpace Tesla in delivery numbers. Investors are keenly observing Tesla's upcoming strategies, particularly any developments in new vehicle models and its autonomous technology advancements.
Wall Street Price Targets for Tesla
According to projections from 44 analysts, the average price target for Tesla Inc. (TSLA, Financial) over the next year stands at $324.02. The forecasts range from a high of $550.00 to a low of $24.86. The average target price suggests a potential increase of 23.81% from the current share price of $261.71. For a deeper dive into the data, visit the Tesla Inc (TSLA) Forecast page.
Analyst Recommendations and GF Value
The collective recommendation from 54 brokerage firms positions Tesla Inc. (TSLA, Financial) at an average rating of 2.7, conveying a "Hold" status. This rating falls on a scale where 1 indicates a "Strong Buy" and 5 denotes a "Sell."
Furthermore, GuruFocus estimates the GF Value for Tesla Inc. (TSLA, Financial) at $295.63 over the upcoming year. This estimate reflects a projected upside of 12.96% from the current trading price of $261.71. The GF Value is derived by considering the historical trading multiples of the stock, along with past business growth and future business performance projections. Further insights are available on the Tesla Inc (TSLA) Summary page.
