- Elon Musk sets plans for Tesla's robotaxi service in motion, eyes Austin launch.
- Wall Street analysts suggest a "Hold" on Tesla with varied price targets.
- Current GuruFocus metrics indicate a potential downside for Tesla's stock value.
Tesla's Ambitious Robotaxi Plan
Elon Musk, the visionary CEO of Tesla (TSLA, Financial), has announced an exciting new development: the launch of a robotaxi service. Set to debut on June 22 in Austin, Texas, this pioneering initiative will initially feature 10 to 20 self-driving Model Y SUVs. These vehicles will operate within a restricted area, paving the way for potential expansion to other cities across the United States.
Wall Street's Perspective on Tesla
In the realm of financial analysis, Tesla Inc (TSLA, Financial) is currently under the scrutiny of 44 Wall Street analysts. Their collective insights suggest an average one-year price target of $288.97. This comes with significant variance, marked by a high estimate of $500.00 and a stark low of $19.05. Given the current stock price of $326.09, this average target reflects an anticipated downside of 11.38%. For those seeking further details, comprehensive estimate data is readily available on the Tesla Inc (TSLA) Forecast page.
Analyst Recommendations: Hold Steady
According to input from 55 brokerage firms, Tesla Inc (TSLA, Financial) maintains an average brokerage recommendation of 2.7. This rating translates to a "Hold" status within a scale where 1 represents a "Strong Buy" and 5 indicates a "Sell." Such a recommendation suggests careful consideration before making any investment moves.
GuruFocus Insights on Tesla's Valuation
GuruFocus offers its own perspective through the estimated GF Value for Tesla Inc (TSLA, Financial), pegged at $270.15 within a year. This figure implies a notable downside of 17.15% from the present stock price of $326.09. The GF Value metric serves as an assessment of fair market value, based on historical trading multiples, past business growth, and future performance projections. Investors seeking a more detailed overview can visit the Tesla Inc (TSLA) Summary page for additional data and analysis.
