Tesla (TSLA, Financial) has scaled back its production objectives for several of its Cybertruck assembly lines in recent months. This shift comes as part of a broader strategy that includes reducing certain Cybertruck production teams by over 50%, according to insiders familiar with the situation.
To date, the electric vehicle giant has delivered fewer than 50,000 units of the much-anticipated Cybertruck. Since the beginning of the year, Tesla has been reallocating its workforce, moving staff from the Cybertruck production line to bolster the Model Y line. This strategic reallocation aims to optimize resources and may be indicative of shifting priorities within the company's production strategy.
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 27.58% from the current price of $240.45. 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 $290.87, suggesting a upside of 20.97% from the current price of $240.4499. 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.
