- Tesla (TSLA, Financial) prepares to launch a robotaxi service in Austin, deploying autonomous Model Y vehicles.
- Analysts project an average price target of $282.92, indicating a slight downside from current levels.
- GuruFocus presents a one-year GF Value estimate, suggesting a potential decline of 3.93%.
Tesla Inc. (TSLA) is once again at the forefront of innovation, as it plans to introduce its groundbreaking robotaxi service in Austin, Texas. By June, Tesla aims to roll out a fleet of 10-20 autonomous Model Y vehicles, setting the stage for an ambitious expansion to millions by 2026. This bold move will leverage the latest advancements in Full Self-Driving technology, bringing the vision of fully autonomous rides closer to reality.
Wall Street Analysts Forecast
According to insights from 44 seasoned analysts, the consensus price target for Tesla Inc. (TSLA, Financial) over the next year stands at $282.92. This projection encapsulates a high estimate of $452.00 and a low of $19.05. Compared to the current trading price of $285.85, this average target hints at a modest downside of 1.03%. Investors seeking a comprehensive breakdown of these estimates can explore the detailed data on the Tesla Inc (TSLA) Forecast page.
Further, an overview of consensus recommendations from 54 brokerage firms places Tesla Inc. (TSLA, Financial) in the "Hold" category with an average brokerage rating of 2.7. This rating, positioned on a scale where 1 signifies a Strong Buy and 5 indicates a Sell, reflects a cautious market sentiment towards the stock.
From a valuation perspective, GuruFocus estimates Tesla's one-year GF Value to be $274.62. This suggests a potential downside of 3.93% from its recent price of $285.85. The GF Value metric, a cornerstone of GuruFocus' analysis, provides an estimate of the intrinsic value based on historical trading multiples, past growth trajectories, and future business performance forecasts. For more in-depth valuation insights, visit the Tesla Inc (TSLA, Financial) Summary page.
