- Tesla faces a notable sales decline in Germany despite the overall rise in electric vehicle registrations.
- Analysts provide mixed forecasts for Tesla's stock, with a consensus "Hold" recommendation.
- GuruFocus estimates suggest moderate upside potential for Tesla shares based on their GF Value metric.
Tesla (TSLA, Financial) recently encountered a significant sales slump in the German market, with March figures plummeting by 42.5% compared to the previous year, according to data from the German road traffic agency. This setback for Tesla coincides with a 35.3% increase in overall electric vehicle registrations in Germany, underscoring the fierce competition and growing challenges Tesla faces in the market.
Wall Street Analysts Forecast
Analyzing the predictions from 44 Wall Street analysts, the average price target for Tesla Inc (TSLA, Financial) over the next year stands at $320.77, with projections ranging from a high of $550.00 to a low of $24.86. This average target suggests a potential upside of 13.44% from the current share price of $282.76. For further details, visit the Tesla Inc (TSLA) Forecast page.
Furthermore, consensus recommendations from 54 brokerage firms indicate a "Hold" status for Tesla Inc, with an average brokerage recommendation score of 2.7 on a scale where 1 is a Strong Buy and 5 is a Sell.
GuruFocus GF Value Insights
According to GuruFocus estimates, Tesla Inc's expected GF Value in one year is projected at $295.63, suggesting a potential upside of 4.55% from its current trading price of $282.76. The GF Value is GuruFocus' assessment of the fair trading value for the stock, calculated using historical trading multiples, previous business growth, and future performance projections. More comprehensive data is accessible on the Tesla Inc (TSLA, Financial) Summary page.
Investors should consider these insights as they evaluate Tesla's positioning within the competitive electric vehicle landscape and make informed decisions about future stock investments.
