Tesla Stock Forecast

Stock Price Forecast

The 32 analysts with 12-month price forecasts for Tesla stock have an average target of 184.15, with a low estimate of 22.86 and a high estimate of 310. The average target predicts a decrease of -20.37% from the current stock price of 231.26.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$22.86	$184.15	$180	$310
Change	-90.12%	-20.37%	-22.17%	+34.05%

Analyst Ratings

The average analyst rating for Tesla stock from 35 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	3	3	3	5	5
Buy	6	6	5	6	6	6
Hold	19	19	17	17	17	17
Sell	3	4	4	4	4	4
Strong Sell	4	4	4	4	3	3
Total	36	36	33	34	35	35

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Colin Rusch Oppenheimer	Oppenheimer	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jul 2, 2024
Andres Sheppard Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $230	Buy	Reiterates	$230	-0.54%	Jul 1, 2024
Colin Langan Wells Fargo	Wells Fargo	Sell Maintains $120	Sell	Maintains	$120	-48.11%	Jul 1, 2024
Stephen Gengaro Stifel	Stifel	Strong Buy Initiates $265	Strong Buy	Initiates	$265	+14.59%	Jun 26, 2024
Stephen Gengaro Stifel	Stifel	Strong Buy Initiates $265	Strong Buy	Initiates	$265	+14.59%	Jun 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

100.51B

from 96.77B

3.86%

from 96.77B

Revenue Next Year

118.20B

from 100.51B

17.60%

from 100.51B

EPS This Year

2.61

from 4.30

-39.27%

from 4.30

EPS Next Year

3.47

from 2.61

32.75%

from 2.61

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	24.58B	31.54B	53.82B	81.46B	96.77B	100.51B	118.20B	139.12B	160.50B	205.53B
Revenue Growth	14.52%	28.31%	70.67%	51.35%	18.80%	3.86%	17.60%	17.70%	15.37%	28.06%
EPS	-0.33	0.21	1.63	3.62	4.30	2.61	3.47	4.47	5.23	6.31
EPS Growth	-	-	676.19%	122.09%	18.78%	-39.27%	32.75%	29.04%	16.98%	20.64%
Forward PE	-	-	-	-	-	88.56	66.72	51.70	44.20	36.64
No. Analysts	-	-	-	-	-	50	49	32	10	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	113.3B	144.7B	179.3B	183.6B	292.2B
Avg	100.5B	118.2B	139.1B	160.5B	205.5B
Low	83.4B	85.3B	97.9B	111.0B	120.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	17.1%	43.9%	51.7%	32.0%	82.1%
Avg	3.9%	17.6%	17.7%	15.4%	28.1%
Low	-13.8%	-15.1%	-17.2%	-20.2%	-24.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.58	6.13	8.98	10.58	12.74
Avg	2.61	3.47	4.47	5.23	6.31
Low	1.70	1.62	1.91	2.25	2.50

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-16.7%	134.8%	159.0%	136.6%	143.4%
Avg	-39.3%	32.7%	29.0%	17.0%	20.6%
Low	-60.6%	-38.1%	-44.9%	-49.6%	-52.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.