Tesla Stock Forecast

last updated on

Tesla Stock Forecast

Where Is Tesla's Stock Price Headed This Year?

Tesla is one of those stocks that people don't just buy because of valuation. They buy the Tesla stock because they believe in Elon Musk's plans for self-driving cars and robots.

So, the Tesla stock mainly trades on sentiment as opposed to the traditional fundamental metrics. That's why the potential of Tesla stock depends entirely on how Elon Musk can execute his roadmap.

Elon Musk Wants To Make Humanoid Robots

If Elon Musk succeeds in making humanoid robots & all other plans, it would revolutionize the world. But we must also understand that this path is filled with technological and regulatory risks.

The overall forecast for the Tesla stock is very mixed. According to 16 analysts, the Tesla stock is a Strong Buy, while 4 have classified it as Buy. Meanwhile, around 17 have issued a Hold rating and 6 have given a Strong Sell rating.

The average price target set by the analysts is $409, which is an upside of more than 8% from the current levels. The target range is also very wide... It starts at $130 and goes as high as $600, which shows even the analysts don't know where the stock is headed.

The autonomous vehicles and the Optimus Robot will be among us by mid 2030s. But, it all depends on Elon Musk actually making these things a reality in the first place.

However, we must admit that the plan is huge, and the investors buying Tesla stock are actually betting on that!

So, if you are someone who believes in the Elon Musk vision, then it can be worth looking at the Tesla stock. But if you want to buy it just because the company makes EVs, then there are better options out there.

Also, we must understand that the plans are a little too ambitious, which also raises the potential risks. So, when you look at the potential returns from Tesla, it is also important to look at the downsides.

Trending Stories