Is Tesla a good stock to buy for 2024? (2024)

Is Tesla a good stock to buy for 2024?

With 2023 in the rearview mirror, analyst consensus now has 2024 Tesla earnings below 2023's level, signaling another year of negative growth for this growth stock. Wall Street expects Tesla earnings per share of just $3.07 a share in 2024, according to FactSet. That would be a 1% decline vs. last year's $3.12.

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What will Tesla stock be in 2025?

Long-Term Tesla Stock Price Predictions
2025$ 255.8727.81%
2026$ 327.0363.35%
2027$ 417.96108.77%
2028$ 534.19166.83%
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Is it good to invest in Tesla stock now?

Essentially, Tesla's current competitors may eventually become the company's partners. As such, with Tesla stock trading below where it stood both one year ago and two years ago, now is the time to bet on a rebound in the next 12 to 18 months.

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What is the guidance on Tesla in 2024?

Tesla said growth is going to be substantially below 2023's level. Wall Street already expects growth to be lower in 2024. Tesla shipped some 1.8 million vehicles in 2024, up about 38%. Wall Street expects about 2.1 million to 2.2 million units for 2024, up about 20% compared with 2023.

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What is the EPS forecast for Tesla in 2024?

What is TSLA EPS forecast? TSLA EPS forecast for the fiscal quarter 2024 (Q1) is $0.67.

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Will Tesla prices go down in 2024?

Wall Street Is Worried. Tesla (TSLA) is continuing its strategy of offering vehicle discounts and slashing prices early in 2024 as the EV giant attempts to shore up demand.

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Is Tesla a good long term stock?

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.

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Is Tesla a good stock to buy 2024?

With 2023 in the rearview mirror, analyst consensus now has 2024 Tesla earnings below 2023's level, signaling another year of negative growth for this growth stock. Wall Street expects Tesla earnings per share of just $3.07 a share in 2024, according to FactSet.

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Is Tesla stock predicted to grow?

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 13.79% Increase from the current price of $193.57.

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Is Tesla a buy or hold?

Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy. The average rating score is and is based on 48 buy ratings, 34 hold ratings, and 11 sell ratings.

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Will Tesla last long term?

The life expectancy of a Tesla car can vary, but many Tesla owners report their vehicles lasting well over a decade with proper maintenance. Tesla's battery and drive unit warranty usually spans 8 years or a specified mileage limit, which can offer a useful guideline.

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How many cars will Tesla sell in 2024?

“In 2024, our vehicle volume growth rate may be notably lower than the growth rate achieved in 2023, as our teams work on the launch of the next-generation vehicle at Gigafactory Texas,” Tesla said in a statement. Wall Street expects Tesla to sell 2.2 million vehicles this year, according to Visible Alpha.

Is Tesla a good stock to buy for 2024? (2024)
What is the long term forecast for Tesla?

Meanwhile, even as Tesla might not be able to sell 20 million cars annually by 2030, its long-term forecast looks bullish. Ron Baron expects the stock to hit $1,500 by 2030, while Cathie Wood - who's arguably the biggest Tesla bull - has set a base case 2027 target price of $2,000 on Tesla.

Can Tesla stock recover?

We forecast segment gross margins will recover to the mid-20% range by the end of the decade—well above the 19% generated in 2023 but below the 29% margin achieved in 2022. Read more about Tesla's fair value estimate.

What is the fair value of Tesla stock?

As of 2024-02-20, 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 199.95 USD, the upside of Tesla Inc is -41%.

What is the target price for Tesla stock?

Stock Price Targets
Current Price$200.45

What will Tesla stock be worth in 2027?

The newest price target for Tesla shares for Tesla came in April 2023, with a call for the stock price to hit $2,000 in 2027 and the company's market capitalization to hit $4.4 trillion. The bear-and-bull case for Tesla stock from Ark Invest are $1,400 and $2,500, respectively, for the same time period.

Why is Tesla stock dropping 2024?

Tesla's 2024 decline began with a post-earnings plunge after the company missed Wall Street estimates for quarterly profit and revenue, but the latest selloff coincides with increased controversy surrounding Musk, who has clamored for significantly higher power within Tesla and taken to his X social media platform to ...

Why is Tesla stock dropping so much?

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.

What is best stock to buy today?

Stocks to Buy Today
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What is the best stock to invest in long term?

Best Long-Term Stocks of February 2024
Company (ticker)Annualized return over last 10 years
Home Depot (HD)19.6%
Lockheed Martin (LMT)14.0%
Stellantis N.V. (STLA)20.1%
Sysco Corp. (SYY)11.3%
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Feb 8, 2024

Is Tesla a good choice?

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.

Why Tesla stock is going up?

Tesla stock closed higher for a second straight day, but moves in the Treasury market seem to have more to do with it than the latest news about pay and compensation for Chief Executive Elon Musk. The electric-vehicle company closed up 6.2% at $200.45 on Thursday. The S&P 500 was up 0.6%.

Is Amazon a buy or sell?

Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 40 Wall Streets Analysts.

What will Apple be worth in 2025?

Long-Term Apple Stock Price Predictions
2025$ 233.5827.60%
2026$ 298.0662.83%
2027$ 380.33107.78%
2028$ 485.32165.13%
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