Tesla (TSLA) Stock Forecast, Price Target & Predictions
TSLA Stock Forecast
Tesla stock forecast is as follows: an average price target of $247.95 (represents a -0.85% downside from TSLA’s last price of $250.08) and a rating consensus of 'Buy', based on 40 wall street analysts offering a 1-year stock forecast.
TSLA Price Target
The average price target for Tesla (TSLA) is $247.95 based on 1-year price targets from 40 Wall Street analysts in the past 3 months, with a price target range of $600.00 to $85.00. This represents a potential -0.85% downside from TSLA's last price of $250.08.
TSLA Analyst Ratings
According to 40 Wall Street analysts, Tesla's rating consensus is 'Buy'. The analyst rating breakdown for TSLA stock is 0 'Strong Buy' (0.00%), 25 'Buy' (62.50%), 9 'Hold' (22.50%), 6 'Sell' (15.00%), 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 |
|---|---|---|---|---|---|---|
| Oct 03, 2024 | Michael Tyndall | HSBC | $124.00 | $238.31 | -47.97% | -50.42% |
| Sep 24, 2024 | Alexander Potter | Piper Sandler | $310.00 | $254.27 | 21.92% | 23.96% |
| Sep 20, 2024 | John Murphy | Bank of America Securities | $255.00 | $237.53 | 7.35% | 1.97% |
| Sep 13, 2024 | George Gianarikas | Canaccord Genuity | $254.00 | $229.81 | 10.53% | 1.57% |
| Sep 09, 2024 | Ed Yu | Deutsche Bank | $295.00 | $216.27 | 36.40% | 17.96% |
| Sep 05, 2024 | Dan Levy | Barclays | $220.00 | $230.17 | -4.42% | -12.03% |
| Aug 19, 2024 | Aaron Rakers | Wells Fargo | $150.00 | $221.71 | -32.35% | -40.02% |
| Aug 08, 2024 | Tom Narayan | RBC Capital | $224.00 | $191.76 | 16.81% | -10.43% |
| Jul 29, 2024 | William Stein | Truist Financial | $215.00 | $232.10 | -7.37% | -14.03% |
| Jul 26, 2024 | Bill Selesky | Argus Research | $286.00 | $219.80 | 30.12% | 14.36% |
The latest Tesla stock forecast, released on Oct 03, 2024 by Michael Tyndall from HSBC, set a price target of $124.00, which represents a -47.97% decrease from the stock price at the time of the forecast ($238.31), and a -50.42% decrease from TSLA last price ($250.08).
Tesla Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 20 | 66 |
| Avg Price Target | $247.60 | $247.40 | $222.97 |
| Last Closing Price | $250.08 | $250.08 | $250.08 |
| Upside/Downside | -0.99% | -1.07% | -10.84% |
In the current month, the average price target of Tesla stock is $247.60, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a -0.99% decrease as opposed to Tesla's last price of $250.08. This month's average price target is up 0.08% compared to last quarter, and up 11.05% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 03, 2024 | HSBC | Reduce | Reduce | Hold |
| Oct 03, 2024 | Bernstein | Underperform | Underperform | Hold |
| Oct 01, 2024 | Wells Fargo | Underweight | Underweight | Hold |
| Sep 30, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 26, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Sep 25, 2024 | William Blair | Buy | Buy | Hold |
| Sep 25, 2024 | GLJ Research | Sell | Sell | Hold |
| Sep 25, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 24, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Tesla's last stock rating was published by HSBC on Oct 03, 2024. The company gave TSLA a "Reduce" 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 | $36.10B | $36.90B | $36.57B | $36.02B | $32.84B | $33.80B | $33.51B | $31.63B | $41.75B | $38.51B | $38.13B | $34.54B | $32.83B | $30.56B | $29.38B | $26.77B | $27.07B | $25.53B | $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 | $36.10B | $36.90B | $36.57B | $36.02B | $32.84B | $33.80B | $33.51B | $31.63B | $41.75B | $38.51B | $38.13B | $34.54B | $32.83B | $30.56B | $29.38B | $26.77B | $27.07B | $26.98B | $24.54B | $22.22B | $27.06B | $24.19B | $24.22B | $23.60B | $24.67B | $21.98B | $17.81B | $19.24B | $18.45B | $15.08B |
| Low Forecast | $36.10B | $36.90B | $36.57B | $36.02B | $32.84B | $33.80B | $33.51B | $31.63B | $41.75B | $38.51B | $38.13B | $34.54B | $32.83B | $30.56B | $29.38B | $26.77B | $27.07B | $23.92B | $24.54B | $22.22B | $24.42B | $24.19B | $24.22B | $23.60B | $24.67B | $21.98B | $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 $25.53B, with a low forecast of $23.92B, and a high forecast of $26.98B. TSLA's average Quarter revenue forecast represents a 0.11% 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 | $5.62B | $5.75B | $5.69B | $5.61B | $5.11B | $5.26B | $5.22B | $4.93B | $6.50B | $6.00B | $5.94B | $5.38B | $5.11B | $4.76B | $4.57B | $4.17B | $4.21B | $3.98B | $3.82B | $3.53B | $3.98B | $3.77B | $3.77B | $3.21B | $3.59B | $3.42B | $2.58B | $2.91B | $2.67B | $2.18B |
| High Forecast | $5.62B | $5.75B | $5.69B | $5.61B | $5.11B | $5.26B | $5.22B | $4.93B | $6.50B | $6.00B | $5.94B | $5.38B | $5.11B | $4.76B | $4.57B | $4.17B | $4.21B | $4.20B | $3.82B | $4.23B | $4.21B | $3.77B | $3.77B | $3.85B | $4.31B | $3.42B | $2.77B | $3.50B | $2.87B | $2.35B |
| Low Forecast | $5.62B | $5.75B | $5.69B | $5.61B | $5.11B | $5.26B | $5.22B | $4.93B | $6.50B | $6.00B | $5.94B | $5.38B | $5.11B | $4.76B | $4.57B | $4.17B | $4.21B | $3.73B | $3.82B | $2.82B | $3.80B | $3.77B | $3.77B | $2.56B | $2.87B | $3.42B | $2.32B | $2.33B | $2.40B | $1.96B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.69% | 0.87% | 0.88% | - | 1.21% | 1.40% | 1.36% | 1.39% | 1.57% | 1.33% | 1.29% |
17 analysts predict TSLA's average Quarter EBITDA for Sep 24 to be $3.98B, with a high of $4.20B and a low of $3.73B. This is 147.68% 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 | $4.62B | $4.88B | $4.88B | $4.85B | $4.66B | $4.94B | $4.94B | $4.69B | $5.16B | $4.74B | $4.87B | $4.27B | $3.29B | $3.01B | $2.85B | $2.47B | $2.29B | $2.06B | $2.14B | $2.54B | $2.54B | $2.54B | $2.76B | $2.31B | $2.36B | $3.48B | $2.10B | $2.10B | $2.74B | $1.88B |
| High Forecast | $4.62B | $4.88B | $4.88B | $4.85B | $4.66B | $4.94B | $4.94B | $4.69B | $5.16B | $4.74B | $4.87B | $4.27B | $3.29B | $3.01B | $2.85B | $2.47B | $2.29B | $2.53B | $2.14B | $3.05B | $2.92B | $2.54B | $2.76B | $2.77B | $2.83B | $3.48B | $2.31B | $2.52B | $3.02B | $2.06B |
| Low Forecast | $4.62B | $4.88B | $4.88B | $4.85B | $4.66B | $4.94B | $4.94B | $4.69B | $5.16B | $4.74B | $4.87B | $4.27B | $3.29B | $3.01B | $2.85B | $2.47B | $2.29B | $1.66B | $2.14B | $2.03B | $2.07B | $2.54B | $2.76B | $1.85B | $1.89B | $3.48B | $1.82B | $1.68B | $2.38B | $1.63B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 0.44% | 3.12% | 0.73% | - | 1.09% | 1.56% | 0.94% | 1.08% | 1.58% | 0.85% | 0.86% |
Tesla's average Quarter net income forecast for Sep 24 is $2.06B, with a range of $1.66B to $2.53B. TSLA's average Quarter net income forecast represents a 39.38% 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 | $2.81B | $2.87B | $2.85B | $2.80B | $2.56B | $2.63B | $2.61B | $2.46B | $3.25B | $3.00B | $2.97B | $2.69B | $2.56B | $2.38B | $2.29B | $2.08B | $2.11B | $1.99B | $1.91B | $759.49M | $1.99B | $1.88B | $1.89B | $690.45M | $1.52B | $1.71B | $1.29B | $627.68M | $1.33B | $1.09B |
| High Forecast | $2.81B | $2.87B | $2.85B | $2.80B | $2.56B | $2.63B | $2.61B | $2.46B | $3.25B | $3.00B | $2.97B | $2.69B | $2.56B | $2.38B | $2.29B | $2.08B | $2.11B | $2.10B | $1.91B | $911.39M | $2.11B | $1.88B | $1.89B | $828.54M | $1.82B | $1.71B | $1.39B | $753.22M | $1.44B | $1.17B |
| Low Forecast | $2.81B | $2.87B | $2.85B | $2.80B | $2.56B | $2.63B | $2.61B | $2.46B | $3.25B | $3.00B | $2.97B | $2.69B | $2.56B | $2.38B | $2.29B | $2.08B | $2.11B | $1.86B | $1.91B | $607.60M | $1.90B | $1.88B | $1.89B | $552.36M | $1.21B | $1.71B | $1.16B | $502.15M | $1.20B | $980.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 1.81% | 0.64% | 0.67% | - | 1.56% | 0.68% | 0.56% | 0.75% | 1.58% | 1.12% | 0.91% |
Tesla's average Quarter SG&A projection for Sep 24 is $1.99B, based on 17 Wall Street analysts, with a range of $1.86B to $2.10B. The forecast indicates a 55.67% 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 | $1.33 | $1.40 | $1.40 | $1.39 | $1.34 | $1.42 | $1.42 | $1.35 | $1.48 | $1.36 | $1.40 | $1.23 | $0.95 | $0.87 | $0.82 | $0.71 | $0.66 | $0.59 | $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 | $1.33 | $1.40 | $1.40 | $1.39 | $1.34 | $1.42 | $1.42 | $1.35 | $1.48 | $1.36 | $1.40 | $1.23 | $0.95 | $0.87 | $0.82 | $0.71 | $0.66 | $0.73 | $0.61 | $0.49 | $0.84 | $0.73 | $0.79 | $0.85 | $1.13 | $1.00 | $0.66 | $0.78 | $0.87 | $0.59 |
| Low Forecast | $1.33 | $1.40 | $1.40 | $1.39 | $1.34 | $1.42 | $1.42 | $1.35 | $1.48 | $1.36 | $1.40 | $1.23 | $0.95 | $0.87 | $0.82 | $0.71 | $0.66 | $0.48 | $0.61 | $0.49 | $0.59 | $0.73 | $0.79 | $0.85 | $1.13 | $1.00 | $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 $0.59, with a low estimate of $0.48 and a high estimate of $0.73. This represents a 28.65% 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 |
| LCID | Lucid Group | $3.34 | $12.07 | 261.38% | Hold |
| NIO | NIO | $6.77 | $20.75 | 206.50% | Buy |
| RIVN | Rivian Automotive | $10.44 | $30.92 | 196.17% | Buy |
| XPEV | XPeng | $12.81 | $21.65 | 69.01% | Buy |
| F | Ford Motor Company | $10.57 | $16.84 | 59.32% | Buy |
| GM | General Motors Company | $45.68 | $61.42 | 34.46% | Buy |
| LI | Li Auto | $29.29 | $35.29 | 20.48% | Buy |
| TSLA | Tesla | $250.08 | $247.95 | -0.85% | Buy |
TSLA Forecast FAQ
Is Tesla a good buy?
Yes, according to 40 Wall Street analysts, Tesla (TSLA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 25 'Buy' recommendations, accounting for 62.50% of TSLA's total ratings.
What is TSLA's price target?
Tesla (TSLA) average price target is $247.95 with a range of $85 to $600, implying a -0.85% from its last price of $250.08. The data is based on 40 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 down by -0.85% (from the last price of $250.08 to the average price target of $247.95), up by 139.92% based on the highest stock price target, and down by -66.01% based on the lowest stock price target.
Can Tesla stock reach $400?
TSLA's highest twelve months analyst stock price target of $600 supports the claim that Tesla can reach $400 in the near future.
What is Tesla's current price target trend?
5 Wall Street analysts forecast a $247.6 price target for Tesla (TSLA) this month, down -0.99% from its last price of $250.08. Compared to the last 3 and 12 months, the average price target decreased by -1.07% and decreased by -10.84%, 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 $131.78B (high $131.78B, low $131.78B), average EBITDA is $20.52B (high $20.52B, low $20.52B), average net income is $19.24B (high $19.24B, low $19.24B), average SG&A $10.26B (high $10.26B, low $10.26B), and average EPS is $5.53 (high $5.53, low $5.53). TSLA's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $145.59B (high $145.59B, low $145.59B), average EBITDA is $22.67B (high $22.67B, low $22.67B), average net income is $19.23B (high $19.23B, low $19.23B), average SG&A $11.34B (high $11.34B, low $11.34B), and average EPS is $5.52 (high $5.52, low $5.52).
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 $12.5B by 42.65%. The company's net income was $12.58B, beating the average estimation of $10.04B by 25.34%. Apple's SG&A was $3.95B, missing the average forecast of $5.15B by -23.31%. 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%