- Neuralink, co-founded by Elon Musk, boosts valuation to $9 billion with new funding.
- Wall Street analysts project a 20.23% downside for Tesla shares over the next year.
- GuruFocus estimates suggest a 26.6% potential downside for Tesla's fair value.
Neuralink, a pioneering neurotechnology company co-founded by Elon Musk, has recently raised an impressive $600 million in funding, elevating its overall valuation to a substantial $9 billion. The company is at the forefront of developing a brain-computer interface, a wireless implant designed to enhance treatments for neurological conditions, particularly for patients suffering from limb paralysis and ALS.
Wall Street Analysts' Predictions for Tesla Inc. (TSLA, Financial)
In the realm of electric vehicle innovations, Tesla Inc (TSLA, Financial) remains under close scrutiny by market analysts. According to data accumulated from 44 analysts over the next year, the average price target for Tesla stands at $289.20. The estimates range significantly, with the highest projection at $500.00 and the lowest at $19.05. This average target represents a notable downside of 20.23% from Tesla's current trading price of $362.54. More detailed insights and forecast data are readily available on the Tesla Inc (TSLA) Forecast page.
The consensus from 54 brokerage firms currently rates Tesla Inc (TSLA, Financial) as a "Hold," with an average recommendation score of 2.7. This scale is anchored from 1 to 5, where a score of 1 suggests a Strong Buy and 5 points to a Sell recommendation.
Evaluating Tesla's GF Value Estimation
Delving into GuruFocus metrics, the estimated GF Value for Tesla Inc (TSLA, Financial) in the coming year is calculated at $266.09. This suggests a potential downside of 26.6% from the existing price of $362.54. The GF Value is GuruFocus' proprietary estimate reflecting what the stock's fair trading value should be. This valuation is calculated by considering the historical trading multiples, past business growth, and future performance projections. For a more in-depth analysis, visit the Tesla Inc (TSLA) Summary page.
