Tesla (TSLA) Stock Forecast & Price Target

$244.50

+3.67 (+1.52%)

(As of 10/8/2024 ET)

Tesla - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 38 Analyst Ratings

Sell
8

Hold
17

Buy
13

Based on 38 Wall Street analysts who have issued ratings for Tesla in the last 12 months, the stock has a consensus rating of "Hold." Out of the 38 analysts, 8 have given a sell rating, 17 have given a hold rating, and 13 have given a buy rating for TSLA.

Consensus Price Target

$210.90
-13.74% Downside

According to the 38 analysts' twelve-month price targets for Tesla, the average price target is $210.90. The highest price target for TSLA is $310.00, while the lowest price target for TSLA is $24.86. The average price target represents a forecasted downside of -13.74% from the current price of $244.50.

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TSLA Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)
Hold	17 Hold rating(s)	18 Hold rating(s)	16 Hold rating(s)	17 Hold rating(s)
Sell	8 Sell rating(s)	8 Sell rating(s)	6 Sell rating(s)	6 Sell rating(s)
Consensus Price Target	$210.90	$204.21	$195.39	$240.07
Forecasted Upside	-13.74% Downside	-3.10% Downside	-25.78% Downside	-7.55% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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TSLA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TSLA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tesla Stock vs. The Competition

Type	Tesla	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.13	2.46	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-13.79% Downside	154.59% Upside	7.88% Upside
News Sentiment Rating	Neutral News See Recent TSLA News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/8/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Market Perform ➝ Market Perform
10/8/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$224.00 ➝ $236.00	-2.01%
10/7/2024	Cantor Fitzgerald 3 of 5 stars	A. Sheppard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$245.00 ➝ $245.00	+0.28%
10/3/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$310.00 ➝ $310.00	+29.51%
10/3/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$215.00 ➝ $236.00	-4.05%
10/3/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform	$120.00 ➝ $120.00	-51.81%
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9/26/2024	Glj Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell ➝ Sell	$24.86 ➝ $24.86	-90.26%
9/25/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $310.00	+21.92%
9/13/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$254.00 ➝ $254.00	+10.76%
9/13/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$134.00 ➝ $153.00	-33.24%
9/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$295.00	+36.40%
9/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
8/29/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
8/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$280.00 ➝ $280.00	+24.44%
7/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$286.00 ➝ $286.00	+29.85%
7/25/2024	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Neutral	$236.00	+7.15%
7/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$225.00 ➝ $220.00	+1.86%
7/24/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$300.00 ➝ $300.00	+36.55%
7/24/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$85.00 ➝ $85.00	-61.02%
7/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$248.00 ➝ $230.00	-6.65%
7/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$274.00 ➝ $258.00	+4.72%
7/24/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ferragu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$225.00	-8.68%
7/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$180.00 ➝ $230.00	-4.58%
7/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Spak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$147.00 ➝ $197.00	-18.27%
7/10/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$120.00 ➝ $130.00	-50.98%
7/5/2024	China Renaissance Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$290.00	+17.70%
7/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$160.00 ➝ $180.00	-26.95%
7/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underweight ➝ Underweight	$120.00 ➝ $120.00	-40.28%
6/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$265.00	+41.45%
4/29/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$155.00 ➝ $145.00	-22.38%
4/24/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$220.00	+52.06%
4/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$185.00 ➝ $165.00	-6.72%
4/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$130.00 ➝ $115.00	-30.98%
2/6/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$245.00 ➝ $195.00	+7.70%
1/26/2024	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/24/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$170.00	-18.71%
6/23/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell	$210.00	-20.64%
4/20/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
4/20/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
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3/8/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$200.00 ➝ $210.00	+11.87%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$122.00 ➝ $140.00	-3.07%
11/8/2022	Global Equities Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
10/20/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$244.00 ➝ $205.00	-3.35%
10/20/2022	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$83.33 ➝ $85.00	-59.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:59 PM ET.

Should I Buy Tesla Stock? TSLA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 6, 2024. Please send any questions or comments about these Tesla pros and cons to contact@marketbeat.com.

Tesla
Bull Case

Here are some ways that investors could benefit from investing in Tesla:

Tesla's innovative approach to electric vehicles and energy generation systems has positioned the company as a leader in the sustainable energy sector, offering long-term growth potential.
Recent insider selling activities, such as the director and CFO selling shares, may indicate confidence in the company's future performance and stability.
Tesla's market cap of $767.51 billion reflects strong investor confidence and the company's potential for continued growth and market dominance.
The company's focus on expanding its product line and global presence, including developments in China, can drive revenue growth and market share expansion.
Despite fluctuations, Tesla's stock price has shown resilience and potential for appreciation, making it an attractive option for investors seeking capital gains.

Tesla
Bear Case

Investors should be bearish about investing in Tesla for these reasons:

Tesla's high P/E ratio of 61.24 and P/E/G ratio of 7.08 may indicate an overvaluation of the stock, potentially leading to increased volatility and downside risk.
The company's beta of 2.29 suggests higher volatility compared to the market average, which could result in significant price fluctuations and uncertainty for investors.
Recent insider selling activities totaling $16,663,291 over the last quarter may raise concerns about insider sentiment and future performance expectations.
Tesla's debt-to-equity ratio of 0.08, while relatively low, indicates some level of financial leverage that could impact the company's financial stability in challenging economic conditions.
Investors should carefully consider the current stock price in relation to the company's financial metrics and growth prospects to make informed investment decisions.

TSLA Forecast - Frequently Asked Questions

: According to the research reports of 38 Wall Street equities research analysts, the average twelve-month stock price forecast for Tesla is $210.90, with a high forecast of $310.00 and a low forecast of $24.86.
: 38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tesla in the last year. There are currently 8 sell ratings, 17 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TSLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TSLA, but not buy additional shares or sell existing shares.
: According to analysts, Tesla's stock has a predicted downside of -13.74% based on their 12-month stock forecasts.
: Over the previous 90 days, Tesla's stock had 3 downgrades by analysts.
: Tesla has been rated by research analysts at Argus, Barclays, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Glj Research, Guggenheim, HSBC, KGI Securities, Mizuho, Morgan Stanley, Needham & Company LLC, New Street Research, Oppenheimer, Piper Sandler, Robert W. Baird, Roth Mkm, Royal Bank of Canada, Sanford C. Bernstein, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, William Blair, and Wolfe Research in the past 90 days.
: Analysts like Tesla less than other "auto/tires/trucks" companies. The consensus rating score for Tesla is 2.13 while the average consensus rating score for "auto/tires/trucks" companies is 2.47. Learn more on how TSLA compares to other companies.