- Tesla's shares surged over 10% with the launch of its limited robotaxi service in Austin, Texas.
- Analysts forecast an average price target for Tesla (TSLA, Financial) at $289.30, implying a potential downside from current levels.
- The company's innovative autonomous vehicle initiatives are a significant step toward market expansion.
Tesla Inc (TSLA) saw its stock price spike by more than 10% on Monday following the launch of its limited robotaxi service in Austin, Texas. While still in its testing phase and not yet open to the general public, the service has garnered positive initial feedback. This advancement underscores Tesla's ongoing efforts to penetrate and expand its footprint in the autonomous vehicle market, a move that continues to excite both investors and tech enthusiasts alike.
Wall Street Analysts' Outlook on Tesla
In terms of share price forecasts, 43 analysts have provided their one-year targets for Tesla Inc (TSLA, Financial), with the average target price calculated at $289.30. The price range is quite broad, with the most optimistic estimate reaching $500.00, while the lowest sits at $19.05. This average target suggests a potential downside of approximately 18.23% from the current price of $353.80. For more in-depth forecast data, explore the Tesla Inc (TSLA) Forecast page.
According to 54 brokerage firms, Tesla Inc (TSLA, Financial) maintains an average recommendation of 2.7, which corresponds to a "Hold" status. The rating scale ranges from 1 (Strong Buy) to 5 (Sell).
Assessing Tesla's Intrinsic Value
Based on GuruFocus' estimates, Tesla Inc's (TSLA, Financial) projected GF Value for the coming year is $267.12, indicating a potential downside of 24.5% from its current trading price of $353.795. The GF Value is derived by evaluating historical trading multiples, past business growth, and future performance projections. For further detailed analysis, visit the Tesla Inc (TSLA) Summary page.
