- Tesla's (TSLA, Financial) recent price hikes in Canada have significantly increased the cost of new orders, influencing buyer decisions.
- Analysts offer diverse price targets for Tesla, with the average target suggesting minimal downside.
- The consensus among brokerage firms recommends a "Hold" status for Tesla's stock.
Tesla's Price Increase Impact in Canada
Tesla Inc. (TSLA) has raised the prices of its vehicles in Canada, a move that is nudging potential buyers to act swiftly, especially before new tariffs on U.S. imports take effect. A notable surge is seen in the pricing of new orders, with the Model 3 all-wheel drive models now set at CA$79,990. This is a significant jump from the CA$69,000 price tag of existing inventory models, marking a substantial increase of up to 22%.
Wall Street Analysts' Price Predictions
The forecast from 44 Wall Street analysts reveals a one-year average price target for Tesla Inc. (TSLA, Financial) at $284.44. This includes high and low estimates of $452.00 and $19.05, respectively. The average target implies a slight downside of 0.18% from the present share price of $284.95. Investors can explore more detailed estimates on the Tesla Inc (TSLA) Forecast page.
Analysts' Recommendations and GF Value Insights
Reflecting a consensus from 54 brokerage firms, Tesla Inc.'s (TSLA, Financial) average brokerage recommendation currently stands at 2.7, indicating a "Hold" status. The rating system spans from 1 (Strong Buy) to 5 (Sell).
According to estimates by GuruFocus, Tesla's projected GF Value over the next year is $274.37, suggesting a potential downside of 3.71% from the current price of $284.95. The GF Value embodies GuruFocus' estimation of the stock's fair trading value, derived from historical trading multiples, previous growth metrics, and projected business performance. Investors seeking a deeper dive can visit the Tesla Inc (TSLA, Financial) Summary page.
