Why Tesla stock is falling?
Coming into Monday trading, Tesla shares have fallen about 24% year to date. The reporting on Musk is a small factor in the stock drop. Investors are mainly worried about weaker-than-expected growth for Tesla. The company shipped 1.8 million electric vehicles in 2023, up almost 40% from 2022.
Shares in Elon Musk's electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance.
Adding to the challenges, Tesla's management has offered a cautious outlook for 2024. The company anticipates a significant decrease in volumes compared to 2023, falling well below its targeted compound annual growth rate (CAGR) of 50%.
The average price target for Tesla is $220.26. This is based on 34 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $345.00 ,the lowest forecast is $23.53. The average price target represents 9.88% Increase from the current price of $200.45.
What is TSLA EPS forecast? TSLA EPS forecast for the fiscal quarter 2024 (Q1) is $0.67.
Bullish Tesla investors also point out that the company's revenue growth beyond 2024 is expected to surpass all of the Magnificent Seven other than Nvidia Corp. Its earnings are also projected to bounce back in 2025 after dropping this year, and will be climbing at a faster pace than most other mega-caps.
Tesla's market capitalization is $601.73 B by 3.18 B shares outstanding. Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy.
From a fiscal-2023 base, we forecast Tesla earnings per share grow at a 27% compound annual growth rate through fiscal 2030, achieving $5/share in late fiscal 2025, $10/share in late fiscal 2027, and $15/share by mid fiscal 2029.
Analyst project a solid increase in 2025 to $4.24 a share. However, Wall Street has slashed projections from $5.27 at the end of last year and $6.90 at the end of February 2023. Meanwhile, actual Tesla earnings peaked in 2022 at $4.07 a share.
With its 3-star rating, we believe Tesla's shares are fairly valued compared to our long-term fair value estimate. In 2024, we forecast Tesla will see a far slower growth rate, with deliveries increasing just 10% to a little under 2 million, from a little over 1.8 million in 2023.
Does Tesla stock have a future?
Tesla Stock 2024 Forecast: Analysts Are Not Too Bullish
Overall, Wall Street analysts have given it a “Moderate Buy” rating, and only 8 of the 27 analysts covering Tesla rate it as a “Strong Buy” while 2 as a “Moderate Buy.”
Elon Musk is the largest individual Tesla shareholder, holding 715.022 million shares, representing 20.6 of Tesla ownership. The Vanguard Group is Tesla's biggest institutional investor, holding 225.94 shares, representing 7% of Tesla ownership.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 255.87 | 27.81% |
| 2026 | $ 327.03 | 63.35% |
| 2027 | $ 417.96 | 108.77% |
| 2028 | $ 534.19 | 166.83% |
Tesla Stock: A Monster Performer Under Pressure
Elon Musk has helped fuel the global drive toward electric vehicles. Tesla stock has been a monster over much of its history, especially during its stratospheric run from mid-2019 to late 2021. However, Wall Street is not predicting much profit growth for Tesla in 2024.
on a frequent basis to provide recommendations along with target share price. 52 analysts offering 12-month price forecasts for Tesla, Inc. (TSLA) have a share price target of $207.75. This median of share price forecast represents a 3.64% upside from the latest price of $200.45 as on 16.02.
As of 2024-02-14, the Fair Value of Tesla Inc (TSLA) is 117.96 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 184.02 USD, the upside of Tesla Inc is -35.9%.
Safety. Teslas have high safety ratings and have earned five stars in NHTSA, Australian ANCAP, and European NCAP testing. In fact, NHTSA testing found that passengers have a low chance of injury in an accident in a Tesla.
Over the past year, there have been few better stocks to own than Nvidia (NASDAQ: NVDA), as it's up 400% since the start of 2023. And year to date, it's already up nearly 50%.
The Tesla Model 3 has the best value retention at a five-year depreciation rate of 42.9%. That outpaces the average for the segment by 6.2 percentage points, but still lags the industry average of 38.8%.
Tesla Inc. is poised to join the trillion-dollar club next year, defying growing Wall Street skepticism regarding electric vehicle demand, according to Wedbush analyst Dan Ives.
Does Tesla pay dividends?
Plus, Tesla does not pay a dividend to shareholders. As a result, we believe income investors looking for lower volatility should consider high-quality dividend growth stocks. The Dividend Aristocrats are a group of 68 stocks in the S&P 500 Index with 25+ consecutive years of dividend growth.
| STOCK | ACTION | TARGET 1 |
|---|---|---|
| AEGISCHEM | BUY | 444 |
| SUDARSCHEM | BUY | 586 |
| JINDALPHOT | BUY | 695 |
| RATEGAIN | BUY | 936 |
But in the end, Tesla stock has risen 105% this year into the final week of 2023. While that has stretched the stock's valuation to loftier levels, there are compelling reasons to want to own Tesla shares heading into 2024.
He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.
| S.No. | Name | ROCE % |
|---|---|---|
| 1. | Ksolves India | 171.27 |
| 2. | Life Insurance | 148.72 |
| 3. | Remedium Life | 102.61 |
| 4. | Tips Industries | 88.63 |
