Summary:
- Tesla's Megapack battery storage initiative in Shanghai marks a significant investment in China's energy sector.
- Analysts have a mixed outlook on Tesla, with potential price fluctuations and a "Hold" recommendation.
- GuruFocus estimates suggest a potential downside in Tesla's value based on historical data and future forecasts.
Tesla (TSLA, Financial) has launched its first major battery storage project in China, spotlighting its innovative Megapack batteries in Shanghai. This ambitious endeavor, priced at $556.8 million, is a partnership with China Kangfu International Leasing Co. and is supported by the Shanghai government. The announcement of this initiative resulted in a 1.3% uptick in Tesla's stock during premarket trading.
Wall Street Analysts Forecast
According to insights from 43 analysts, Tesla Inc (TSLA, Financial) is projected to have an average one-year target price of $289.30. Forecasts range from a high of $500.00 to a low of $19.05, with the average estimate indicating a potential downside of 10.17% from the current trading price of $322.05. Detailed projections can be accessed on the Tesla Inc (TSLA) Forecast page.
In terms of brokerage consensus, Tesla Inc (TSLA, Financial) currently has an average recommendation rating of 2.7 from 54 brokerage firms, signifying a "Hold." The ratings scale spans from 1, representing a Strong Buy, to 5, indicating a Sell.
GF Value Estimation
GuruFocus has estimated the GF Value for Tesla Inc (TSLA, Financial) to be $267.12 in one year, suggesting a potential downside of 17.06% from its current price of $322.05. The GF Value is calculated using historical trading multiples, business growth, and future performance estimates. More comprehensive data is available on the Tesla Inc (TSLA) Summary page.
Investors are advised to consider these forecasts and estimates carefully when making decisions about Tesla stock, bearing in mind the dynamic nature of the stock market and the various factors that can influence it.
