- Wells Fargo alerts investors to Tesla's (TSLA, Financial) underwhelming Q2 fundamentals, highlighting stagnant delivery numbers.
- Analyst price targets suggest a potential downside from current Tesla stock values.
- Tesla holds a "Hold" status with a consensus recommendation rating, as indicated by 55 brokerage firms.
Amid growing anticipation, Wells Fargo has raised concerns about Tesla's (TSLA) performance in the second quarter. Highlighting the automaker's weaker-than-expected fundamentals, the bank notes stagnant delivery metrics that underscore a challenging start to the year. For investors, this signals a crucial turning point for Tesla, as significant improvements are necessary to meet future projections. Additionally, worries over shrinking margins, declining ZEV credits, and unresolved issues surrounding the company's robotaxi ambitions further complicate its outlook.
Wall Street Analysts' Insights
Delving into the market sentiment, 43 analysts provide a one-year price target for Tesla Inc (TSLA, Financial), averaging at $289.30. Their range stretches from a high of $500.00 to a low of $19.05. Currently, this average target suggests a downside of 10.64% from the prevailing market price of $323.74. For a deeper dive into these projections, visit the Tesla Inc (TSLA) Forecast page.
With the collective voice of 55 brokerage firms, Tesla holds an average recommendation of 2.7, categorizing it under "Hold" status. This consensus rating system spans from 1 (Strong Buy) to 5 (Sell), providing a balanced market perspective on Tesla's current standing.
According to GuruFocus estimates, the projected GF Value for Tesla Inc (TSLA, Financial) over the next year is $269.36. This implies a downside of 16.8% from its present value of $323.74. The GF Value metric provides an insightful estimate of Tesla's fair market value, derived from its historical trading multiples, past growth trajectories, and forecasts of future business performance. Investors can explore more detailed analyses on the Tesla Inc (TSLA) Summary page.
