Key Takeaways:
- Tesla's EU sales dropped significantly, with a 40.5% decline in May registrations.
- Competition from more affordable Chinese EVs is impacting Tesla's market share.
- Analysts provide mixed predictions, indicating potential downside for Tesla's stock.
Tesla's Decreasing Market Presence in Europe
Tesla (NASDAQ: TSLA) has encountered a notable setback in its European sales. Registrations in May plummeted by 40.5% to 8,729 units compared to the previous year. Consequently, Tesla's market share in new car registrations slid from 1.6% to 0.9%, as the company grapples with mounting pressure from competitively priced electric vehicles manufactured in China.
Wall Street Analysts' Insights on Tesla's Stock
Wall Street analysts have mixed projections for Tesla Inc (TSLA, Financial). Based on input from 43 analysts, the average one-year price target is set at $289.88, with estimates ranging from a low of $19.05 to a high of $500.00. This average target suggests a potential downside of 14.86% from the current stock price of $340.47. Investors can explore the detailed analysis on the Tesla Inc (TSLA) Forecast page.
Current Brokerage Recommendations
Consensus from 54 brokerage firms places Tesla Inc's (TSLA, Financial) stock under a "Hold" rating with an average recommendation score of 2.7 on a scale where 1 equates to a Strong Buy and 5 denotes a Sell.
Assessing Tesla's GF Value
GuruFocus's proprietary GF Value estimate for Tesla Inc (TSLA, Financial) projects a one-year target of $267.12. This represents a potential downside of 21.54% from the current share price of $340.47. The GF Value is calculated by considering the historical trading multiples of the stock, past business growth, and anticipated future performance. For further details, visit the Tesla Inc (TSLA) Summary page.
