Summary Points:
- Tesla's stock surged by 9.8% on Friday, significantly impacting its weekly performance.
- Exciting developments include new self-driving car regulations and potential market expansion into India.
- Analyst forecasts reveal varied opinions, highlighting Tesla's dynamic market position.
In a remarkable turn of events, Tesla (TSLA, Financial) experienced a substantial 9.8% increase in its stock price on Friday, contributing to an impressive 17.9% gain over the week. This surge was driven by new regulations for self-driving vehicles from the Department of Transportation and growing anticipation over Tesla's potential entry into the Indian market. During an earnings call, CEO Elon Musk emphasized the company's dedication to advancing autonomous technology, reinforcing investor confidence.
Wall Street Analysts Forecast
Market analysts have projected a wide array of future stock price targets for Tesla Inc. (TSLA, Financial). According to forecasts from 44 analysts, the average target price is $284.44, ranging from a high of $452.00 to a low of $19.05. This average projection suggests a minimal downside of 0.18% from Tesla's current trading price of $284.95. For more comprehensive forecast data, visit the Tesla Inc (TSLA) Forecast page.
The consensus recommendation from 54 brokerage firms positions Tesla Inc. (TSLA, Financial) with an average brokerage recommendation of 2.7, signifying a "Hold" status. This rating scale varies from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
As per GuruFocus estimates, the calculated GF Value for Tesla Inc. (TSLA, Financial) one year from now stands at $276.11. This suggests a potential downside of 3.1% relative to the current price of $284.95. The GF Value is an intrinsic valuation metric developed by GuruFocus, determined through historical trading multiples, past growth performance, and future business projections. For in-depth data, refer to the Tesla Inc (TSLA) Summary page.
