Summary:
- Tesla is set to launch its robotaxi service in Austin by June 12, initially with a fleet of Model Y vehicles.
- The average analyst target price for Tesla suggests a potential downside of 18.97% from its current price.
- GuruFocus estimates indicate a GF Value downside of 25.44% for Tesla.
Tesla's Upcoming Robotaxi Launch in Austin
Tesla Inc. (TSLA) is on the brink of expanding its innovative offerings with the anticipated launch of its robotaxi service in Austin, Texas. Scheduled for June 12, this initiative will deploy a limited number of Model Y vehicles equipped with the cutting-edge "FSD Unsupervised" software. If successful, this venture could significantly bolster Tesla's market presence, further energizing a stock that recently saw a 2.2% increase.
Wall Street Analysts' Price Predictions
Forty-four analysts have weighed in on Tesla's one-year price target, presenting an average target of $289.20. Projections range widely, with a high of $500.00 and a low of $19.05. These figures suggest an 18.97% downside from the current price of $356.90. For more comprehensive forecast data, visit the Tesla Inc (TSLA, Financial) Forecast page.
Tesla's consensus recommendation from 53 brokerage firms currently stands at 2.7, which reflects a "Hold" status. The rating system ranges from 1 (Strong Buy) to 5 (Sell), providing a benchmark for investor sentiment.
GF Value: A Deeper Dive into Tesla's Fair Value
According to GuruFocus' GF Value estimates, Tesla's projected value over the next year is $266.09. This indicates a potential downside of 25.44% from the current market price of $356.90. The GF Value metric is a proprietary measure that evaluates a stock's fair trading value by analyzing historical trading multiples, past business performance, and future growth projections. For additional data, please refer to the Tesla Inc (TSLA, Financial) Summary page.