- Tesla reduces Cybertruck production targets amidst rising competition and falling sales.
- Wall Street analysts project a potential 27% upside for Tesla stock.
- GuruFocus estimates a 20.59% upside based on the GF Value metric.
Tesla Inc. (TSLA, Financial) has recently reconsidered its production strategy at its Texas Gigafactory. The automaker has shifted its focus from the much-anticipated Cybertruck to the more established Model Y, responding to challenging market conditions marked by increasing competition and dwindling sales figures. This strategic pivot comes at a time when Tesla's stock has seen a significant 40% decline, with shares currently trading at approximately $241.55.
Wall Street's Tesla Forecast
In light of these developments, insights from 44 Wall Street analysts provide a comprehensive view of Tesla's future stock trajectory. The average price target for TSLA is projected at $306.77, with a striking high estimate of $465.70 and a cautious low of $24.86. This outlook suggests a promising potential upside of 27.00% from the current price point of $241.55. Investors seeking further details can explore the Tesla Inc (TSLA, Financial) Forecast page for more in-depth analysis.
Analyst Recommendations
Among 54 brokerage firms, Tesla Inc. maintains an average recommendation score of 2.7, categorized as "Hold." This rating system ranges from 1 to 5, where a score of 1 represents a "Strong Buy," and 5 signifies a "Sell." This consensus indicates a cautious yet optimistic stance on Tesla's stock performance in the coming months.
GuruFocus's GF Value Estimate
From the perspective of GuruFocus metrics, Tesla's estimated GF Value stands at $291.29 for the next year. This figure implies an attractive upside of 20.59% from the current trading price of $241.55. The GF Value is a proprietary metric reflecting the stock's fair value, determined through historical trading multiples, previous business growth, and future performance estimates. To explore the underlying data, visit the Tesla Inc (TSLA, Financial) Summary page.
