- Democratic lawmakers urge Tesla to delay its robotaxi launch in Austin until new regulations take effect in September.
- Analyst consensus sets Tesla's one-year price target at $289.30, with a potential downside of 10.17% from its current price.
- Tesla holds a "Hold" recommendation with a GuruFocus estimated GF Value suggesting a 16.36% downside.
Democratic lawmakers are pressing Tesla Inc. (TSLA, Financial) to halt its robotaxi rollout in Austin, citing safety concerns under current regulations. The call is for the electric vehicle giant to wait until September when new state laws on autonomous vehicles become active, ensuring compliance with upcoming regulatory standards.
Wall Street Analysts' Outlook on Tesla
Delving into analyst predictions, the one-year price targets for Tesla Inc. from 43 industry analysts average out at $289.30. This includes a spectrum ranging from a high of $500.00 to a low of $19.05. At the current trading price of $322.05, this average reflects a potential downside of 10.17%. For an in-depth analysis, please visit the Tesla Inc. (TSLA, Financial) Forecast page.
Brokerage Recommendations
The consensus from 55 brokerage firms places Tesla Inc.'s current average recommendation at 2.7, which slots into the "Hold" category. This scale spans from 1, indicating a Strong Buy, to 5, which denotes a Sell. These insights can aid investors in making informed decisions about their Tesla holdings.
GuruFocus GF Value Estimation
According to the GuruFocus estimates, the projected GF Value for Tesla in a year's time stands at $269.36. This suggests a potential downside of 16.36% relative to the current price of $322.05. The GF Value is meticulously derived from historical trading multiples, business growth metrics, and future performance forecasts. To explore further, visit the Tesla Inc. (TSLA, Financial) Summary page.
