Summary:
- Tesla's (TSLA, Financial) stock sees an uptick as regulatory support for self-driving vehicles grows.
- Analysts provide a mixed outlook, with a modest downside projected from the current price.
- GuruFocus estimates a fair value drop for Tesla, suggesting a cautious approach for investors.
Tesla (TSLA) experienced a notable boost in its stock value following a significant regulatory update by the National Highway Traffic Safety Administration. The agency's decision to expedite the exemption process for autonomous vehicles, which lack traditional controls like steering wheels or brake pedals, comes as a timely prelude to Tesla's much-anticipated Cybercab launch in Austin, Texas.
Wall Street Analysts Forecast
According to a survey of 43 Wall Street analysts, the one-year price target for Tesla Inc (TSLA, Financial) averages at $289.30. This includes a high estimate of $500.00 and a low of just $19.05. Given Tesla's current trading price of $323.79, the average target suggests a downside of 10.65%. For more detailed analyst projections, visit the Tesla Inc (TSLA) Forecast page.
The consensus from 55 brokerage firms currently rates Tesla with an average recommendation of 2.7, categorizing it as a "Hold." This scale ranges from 1 to 5, with 1 denoting a Strong Buy and 5 a Sell.
GuruFocus Valuation Insight
In terms of valuation, GuruFocus estimates place Tesla's (TSLA, Financial) one-year GF Value at $269.85, indicating a potential downside of 16.66% from its present stock price of $323.79. The GF Value represents GuruFocus' assessment of Tesla's fair market value, derived from a combination of historical trading multiples, past business growth, and projected future performance. For comprehensive valuation insights, explore the Tesla Inc (TSLA) Summary page.
In conclusion, while Tesla continues to innovate and capture market attention, the current stock evaluations suggest a prudent investment approach as analysts and valuation models predict some downside from current levels.
