Tesla (TSLA) Stock Forecast, Price Target & Predictions
TSLA Stock Forecast
Tesla stock forecast is as follows: an average price target of $242.54 (represents a 15.10% upside from TSLA’s last price of $210.73) and a rating consensus of 'Buy', based on 42 wall street analysts offering a 1-year stock forecast.
TSLA Price Target
The average price target for Tesla (TSLA) is $242.54 based on 1-year price targets from 42 Wall Street analysts in the past 3 months, with a price target range of $600.00 to $85.00. This represents a potential 15.10% upside from TSLA's last price of $210.73.
TSLA Analyst Ratings
According to 42 Wall Street analysts, Tesla's rating consensus is 'Buy'. The analyst rating breakdown for TSLA stock is 0 'Strong Buy' (0.00%), 27 'Buy' (64.29%), 9 'Hold' (21.43%), 6 'Sell' (14.29%), and 0 'Strong Sell' (0.00%).
Tesla Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 05, 2024 | Dan Levy | Barclays | $220.00 | $230.17 | -4.42% | 4.40% |
| Aug 19, 2024 | Aaron Rakers | Wells Fargo | $150.00 | $221.71 | -32.35% | -28.82% |
| Aug 08, 2024 | Tom Narayan | RBC Capital | $224.00 | $191.76 | 16.81% | 6.30% |
| Jul 29, 2024 | William Stein | Truist Financial | $215.00 | $232.10 | -7.37% | 2.03% |
| Jul 26, 2024 | Bill Selesky | Argus Research | $286.00 | $219.80 | 30.12% | 35.72% |
| Jul 24, 2024 | Mark Delaney | Goldman Sachs | $230.00 | $220.52 | 4.30% | 9.14% |
| Jul 24, 2024 | Ronald Jewsikow | Guggenheim | $134.00 | $220.57 | -39.25% | -36.41% |
| Jul 24, 2024 | Alexander Potter | Piper Sandler | $300.00 | $220.54 | 36.03% | 42.36% |
| Jul 24, 2024 | Pierre Ferragu | New Street | $225.00 | $246.38 | -8.68% | 6.77% |
| Jul 24, 2024 | Joseph Spak | UBS | $197.00 | $246.38 | -20.04% | -6.52% |
The latest Tesla stock forecast, released on Sep 05, 2024 by Dan Levy from Barclays, set a price target of $220.00, which represents a -4.42% decrease from the stock price at the time of the forecast ($230.17), and a 4.40% increase from TSLA last price ($210.73).
Tesla Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 19 | 65 |
| Avg Price Target | $198.00 | $243.37 | $226.86 |
| Last Closing Price | $210.73 | $210.73 | $210.73 |
| Upside/Downside | -6.04% | 15.49% | 7.65% |
In the current month, the average price target of Tesla stock is $198.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -6.04% decrease as opposed to Tesla's last price of $210.73. This month's average price target is down -18.64% compared to last quarter, and down -12.72% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 05, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 29, 2024 | William Blair | - | Outperform | Initialise |
| Aug 21, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 19, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Aug 19, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 19, 2024 | B. Riley Securities | Neutral | Neutral | Hold |
| Aug 19, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 05, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Jul 29, 2024 | Morgan Stanley | Reduce | Reduce | Hold |
| Jul 24, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
Tesla's last stock rating was published by Morgan Stanley on Sep 05, 2024. The company gave TSLA a "Overweight" rating, the same as its previous rate.
Tesla Financial Forecast
Tesla Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $25.50B | $21.30B | $25.17B | $23.35B | - | $23.33B | $24.32B | $21.45B | $16.93B | $18.76B | $17.72B | $13.76B |
| Avg Forecast | $39.63B | $39.28B | $38.95B | $38.57B | $36.40B | $36.14B | $35.86B | $34.20B | $42.66B | $38.60B | $36.99B | $34.94B | $32.55B | $30.39B | $28.99B | $26.86B | $27.10B | $25.68B | $24.54B | $22.22B | $25.59B | $24.19B | $24.22B | $23.60B | $24.67B | $21.98B | $16.54B | $17.87B | $17.13B | $14.00B |
| High Forecast | $43.22B | $42.84B | $42.48B | $42.07B | $39.70B | $39.41B | $39.11B | $37.30B | $46.53B | $42.10B | $40.34B | $38.10B | $35.50B | $33.15B | $31.62B | $29.29B | $29.56B | $27.19B | $26.76B | $24.23B | $27.06B | $26.38B | $26.41B | $25.73B | $26.90B | $23.97B | $17.81B | $19.24B | $18.45B | $15.08B |
| Low Forecast | $33.91B | $33.61B | $33.32B | $33.00B | $31.14B | $30.92B | $30.68B | $29.26B | $36.50B | $33.03B | $31.64B | $29.89B | $27.85B | $26.00B | $24.80B | $22.98B | $23.19B | $24.11B | $20.99B | $19.01B | $24.42B | $20.69B | $20.72B | $20.19B | $21.11B | $18.81B | $14.87B | $16.06B | $15.40B | $12.59B |
| # Analysts | 7 | 13 | 7 | 8 | 8 | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 13 | 9 | 17 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.96% | 0.98% | 0.97% | - | 0.99% | 0.99% | 0.98% | 1.02% | 1.05% | 1.03% | 0.98% |
Tesla's average Quarter revenue forecast for Sep 24 based on 17 analysts is $25.68B, with a low forecast of $24.11B, and a high forecast of $27.19B. TSLA's average Quarter revenue forecast represents a 0.72% increase compared to the company's last Quarter revenue of $25.50B (Jun 24).
Tesla EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 8 | 8 | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 13 | 9 | 17 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.60B | $2.42B | $3.48B | $3.32B | - | $3.88B | $5.04B | $4.64B | $3.58B | $4.57B | $3.55B | $2.82B |
| Avg Forecast | $6.17B | $6.12B | $6.06B | $6.01B | $5.67B | $5.63B | $5.58B | $5.33B | $6.64B | $6.01B | $5.76B | $5.44B | $5.07B | $4.73B | $4.51B | $4.18B | $4.22B | $4.00B | $3.82B | $3.53B | $3.98B | $3.77B | $3.77B | $3.21B | $3.84B | $2.49B | $2.58B | $2.91B | $2.67B | $2.18B |
| High Forecast | $6.73B | $6.67B | $6.61B | $6.55B | $6.18B | $6.14B | $6.09B | $5.81B | $7.25B | $6.56B | $6.28B | $5.93B | $5.53B | $5.16B | $4.92B | $4.56B | $4.60B | $4.23B | $4.17B | $4.23B | $4.21B | $4.11B | $4.11B | $3.85B | $4.19B | $2.99B | $2.77B | $3.50B | $2.87B | $2.35B |
| Low Forecast | $5.28B | $5.23B | $5.19B | $5.14B | $4.85B | $4.81B | $4.78B | $4.56B | $5.68B | $5.14B | $4.93B | $4.65B | $4.34B | $4.05B | $3.86B | $3.58B | $3.61B | $3.75B | $3.27B | $2.82B | $3.80B | $3.22B | $3.23B | $2.56B | $3.29B | $1.99B | $2.32B | $2.33B | $2.40B | $1.96B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.69% | 0.87% | 0.88% | - | 1.21% | 1.31% | 1.86% | 1.39% | 1.57% | 1.33% | 1.29% |
17 analysts predict TSLA's average Quarter EBITDA for Sep 24 to be $4.00B, with a high of $4.23B and a low of $3.75B. This is 149.18% upper than Tesla's previous annual EBITDA (Jun 24) of $1.60B.
Tesla Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 8 | 8 | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 13 | 9 | 17 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.48B | $1.13B | $7.93B | $1.85B | - | $2.51B | $3.69B | $3.29B | $2.26B | $3.32B | $2.34B | $1.62B |
| Avg Forecast | $5.33B | $5.34B | $5.34B | $5.34B | $5.36B | $5.37B | $5.37B | $5.16B | $5.66B | $5.08B | $4.98B | $4.65B | $3.35B | $3.08B | $2.87B | $2.49B | $2.37B | $2.13B | $2.14B | $2.54B | $2.54B | $2.54B | $2.76B | $2.31B | $3.93B | $1.48B | $2.10B | $2.10B | $2.74B | $1.88B |
| High Forecast | $5.96B | $5.96B | $5.97B | $5.97B | $6.00B | $6.00B | $6.01B | $5.77B | $6.33B | $5.68B | $5.57B | $5.20B | $3.75B | $3.44B | $3.21B | $2.78B | $2.65B | $2.50B | $2.39B | $3.05B | $2.92B | $2.84B | $3.08B | $2.77B | $4.39B | $1.77B | $2.31B | $2.52B | $3.02B | $2.06B |
| Low Forecast | $4.33B | $4.33B | $4.34B | $4.34B | $4.36B | $4.36B | $4.36B | $4.19B | $4.60B | $4.13B | $4.04B | $3.78B | $2.72B | $2.50B | $2.33B | $2.02B | $1.92B | $1.66B | $1.74B | $2.03B | $2.07B | $2.06B | $2.24B | $1.85B | $3.19B | $1.18B | $1.82B | $1.68B | $2.38B | $1.63B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.44% | 3.12% | 0.73% | - | 1.09% | 0.94% | 2.23% | 1.08% | 1.58% | 0.85% | 0.86% |
Tesla's average Quarter net income forecast for Sep 24 is $2.13B, with a range of $1.66B to $2.50B. TSLA's average Quarter net income forecast represents a 44.43% increase compared to the company's last Quarter net income of $1.48B (Jun 24).
Tesla SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 8 | 8 | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 13 | 9 | 17 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.28B | $1.37B | $1.28B | $1.25B | - | $1.08B | $1.03B | $961.00M | $961.00M | $992.00M | $1.49B | $994.00M |
| Avg Forecast | $3.09B | $3.06B | $3.03B | $3.00B | $2.83B | $2.81B | $2.79B | $2.66B | $3.32B | $3.01B | $2.88B | $2.72B | $2.53B | $2.37B | $2.26B | $2.09B | $2.11B | $2.00B | $1.91B | $759.49M | $1.99B | $1.88B | $1.89B | $690.45M | $1.92B | $907.73M | $1.29B | $627.68M | $1.33B | $1.09B |
| High Forecast | $3.37B | $3.34B | $3.31B | $3.28B | $3.09B | $3.07B | $3.05B | $2.90B | $3.62B | $3.28B | $3.14B | $2.97B | $2.76B | $2.58B | $2.46B | $2.28B | $2.30B | $2.12B | $2.08B | $911.39M | $2.11B | $2.05B | $2.06B | $828.54M | $2.10B | $1.09B | $1.39B | $753.22M | $1.44B | $1.17B |
| Low Forecast | $2.64B | $2.62B | $2.59B | $2.57B | $2.43B | $2.41B | $2.39B | $2.28B | $2.84B | $2.57B | $2.46B | $2.33B | $2.17B | $2.02B | $1.93B | $1.79B | $1.81B | $1.88B | $1.63B | $607.60M | $1.90B | $1.61B | $1.61B | $552.36M | $1.64B | $726.18M | $1.16B | $502.15M | $1.20B | $980.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 1.81% | 0.64% | 0.67% | - | 1.56% | 0.54% | 1.06% | 0.75% | 1.58% | 1.12% | 0.91% |
Tesla's average Quarter SG&A projection for Sep 24 is $2.00B, based on 17 Wall Street analysts, with a range of $1.88B to $2.12B. The forecast indicates a 56.61% rise compared to TSLA last annual SG&A of $1.28B (Jun 24).
Tesla EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 8 | 8 | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 13 | 9 | 17 | 8 | 9 | 16 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 13 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.46 | $0.34 | $2.49 | $0.58 | - | $0.80 | $1.18 | $1.05 | $0.73 | $1.07 | $0.77 | $0.54 |
| Avg Forecast | $1.53 | $1.53 | $1.53 | $1.53 | $1.54 | $1.54 | $1.54 | $1.48 | $1.63 | $1.46 | $1.43 | $1.34 | $0.96 | $0.88 | $0.82 | $0.72 | $0.68 | $0.61 | $0.61 | $0.49 | $0.73 | $0.73 | $0.79 | $0.85 | $1.13 | $1.00 | $0.60 | $0.71 | $0.79 | $0.54 |
| High Forecast | $1.71 | $1.71 | $1.71 | $1.72 | $1.72 | $1.72 | $1.73 | $1.66 | $1.82 | $1.63 | $1.60 | $1.49 | $1.08 | $0.99 | $0.92 | $0.80 | $0.76 | $0.72 | $0.69 | $0.55 | $0.84 | $0.81 | $0.89 | $0.95 | $1.26 | $1.12 | $0.66 | $0.78 | $0.87 | $0.59 |
| Low Forecast | $1.24 | $1.25 | $1.25 | $1.25 | $1.25 | $1.25 | $1.25 | $1.20 | $1.32 | $1.19 | $1.16 | $1.08 | $0.78 | $0.72 | $0.67 | $0.58 | $0.55 | $0.48 | $0.50 | $0.40 | $0.59 | $0.59 | $0.64 | $0.69 | $0.92 | $0.81 | $0.52 | $0.61 | $0.68 | $0.47 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.75% | 0.69% | 3.41% | 0.80% | - | 0.95% | 1.05% | 1.05% | 1.21% | 1.51% | 0.98% | 1.00% |
According to 17 Wall Street analysts, Tesla's projected average Quarter EPS for Sep 24 is $0.61, with a low estimate of $0.48 and a high estimate of $0.72. This represents a 33.31% increase compared to TSLA previous annual EPS of $0.46 (Jun 24).
Tesla Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FSR | Fisker | $0.09 | $13.57 | 14977.78% | Buy |
| NIO | NIO | $5.02 | $20.75 | 313.35% | Buy |
| LCID | Lucid Group | $3.57 | $13.29 | 272.27% | Hold |
| RIVN | Rivian Automotive | $13.23 | $33.91 | 156.31% | Buy |
| XPEV | XPeng | $8.54 | $21.19 | 148.13% | Buy |
| LI | Li Auto | $18.31 | $34.81 | 90.11% | Buy |
| F | Ford Motor Company | $10.58 | $17.10 | 61.63% | Buy |
| GM | General Motors Company | $47.14 | $62.08 | 31.69% | Buy |
| TSLA | Tesla | $210.73 | $242.54 | 15.10% | Buy |
TSLA Forecast FAQ
Is Tesla a good buy?
Yes, according to 42 Wall Street analysts, Tesla (TSLA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 27 'Buy' recommendations, accounting for 64.29% of TSLA's total ratings.
What is TSLA's price target?
Tesla (TSLA) average price target is $242.54 with a range of $85 to $600, implying a 15.10% from its last price of $210.73. The data is based on 42 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Tesla stock go up soon?
According to Wall Street analysts' prediction for TSLA stock, the company can go up by 15.10% (from the last price of $210.73 to the average price target of $242.54), up by 184.72% based on the highest stock price target, and down by -59.66% based on the lowest stock price target.
Can Tesla stock reach $300?
TSLA's highest twelve months analyst stock price target of $600 supports the claim that Tesla can reach $300 in the near future.
What is Tesla's current price target trend?
3 Wall Street analysts forecast a $198 price target for Tesla (TSLA) this month, down -6.04% from its last price of $210.73. Compared to the last 3 and 12 months, the average price target increased by 15.49% and increased by 7.65%, respectively.
What are Tesla's analysts' financial forecasts?
Tesla's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $142.59B (high $155.51B, low $121.99B), average EBITDA is $22.2B (high $24.22B, low $19B), average net income is $21.27B (high $23.77B, low $17.27B), average SG&A $11.1B (high $12.11B, low $9.5B), and average EPS is $6.11 (high $6.83, low $4.96). TSLA's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $156.43B (high $170.61B, low $133.84B), average EBITDA is $24.36B (high $26.57B, low $20.84B), average net income is $21.35B (high $23.87B, low $17.34B), average SG&A $12.18B (high $13.29B, low $10.42B), and average EPS is $6.13 (high $6.86, low $4.98).
Did the TSLA's actual financial results beat the analysts' financial forecasts?
Based on Tesla's last annual report (Dec 2022), the company's revenue was $81.46B, beating the average analysts forecast of $81.06B by 0.50%. Apple's EBITDA was $17.83B, beating the average prediction of $11.82B by 50.85%. The company's net income was $12.58B, beating the average estimation of $9.6B by 31.05%. Apple's SG&A was $3.95B, missing the average forecast of $4.74B by -16.83%. Lastly, the company's EPS was $4.02, beating the average prediction of $3.44 by 16.91%. In terms of the last quarterly report (Jun 2024), Tesla's revenue was $25.5B, beating the average analysts' forecast of $24.54B by 3.91%. The company's EBITDA was $1.6B, missing the average prediction of $3.82B by -58.00%. Tesla's net income was $1.48B, missing the average estimation of $2.14B by -30.83%. The company's SG&A was $1.28B, missing the average forecast of $1.91B by -33.17%. Lastly, the company's EPS was $0.46, missing the average prediction of $0.614 by -25.07%