Tesla Inc. (TSLA, Financial) has revised its production strategy for the Cybertruck, scaling back targets across several lines over recent months. Reports indicate that the company has downsized certain production teams for the electric pickup by over 50%. This production realignment comes as Tesla has delivered fewer than 50,000 Cybertrucks to date.
In pursuit of optimizing its workforce and output, Tesla has been reallocating employees from the Cybertruck assembly lines to focus more on the Model Y production. This shift has been ongoing since January and aligns with Tesla's strategy to boost output for its popular Model Y, as the company responds to evolving market demands and production efficiencies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 44 analysts, the average target price for Tesla Inc (TSLA, Financial) is $306.77 with a high estimate of $465.70 and a low estimate of $24.86. The average target implies an upside of 27.00% from the current price of $241.55. More detailed estimate data can be found on the Tesla Inc (TSLA) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Tesla Inc's (TSLA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tesla Inc (TSLA, Financial) in one year is $291.29, suggesting a upside of 20.59% from the current price of $241.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tesla Inc (TSLA) Summary page.
