- Tesla's autonomous ride-hailing service in Austin receives a promising but mixed market reaction.
- Analysts set an average price target of $289.88 for TSLA, suggesting potential downside risks.
- Consensus from brokerage firms classifies Tesla as a "Hold" with a GF Value estimate indicating further downside.
Tesla (TSLA, Financial) recently made headlines with the launch of its autonomous ride-hailing service in Austin. While the service gathered largely positive feedback, the initial enthusiasm did not sustain TSLA's stock price, which fell amid investor concerns. Regulatory challenges and technical issues seemed to overshadow the initial optimism.
Wall Street Analysts Forecast
When examining Tesla Inc (TSLA, Financial), 43 analysts have provided their one-year price targets, resulting in an average target price of $289.88. This figure represents a potential downside of 10.20% from the current trading price of $322.81, with estimates ranging from a high of $500.00 to a low of $19.05. For more detailed projections, visit the Tesla Inc (TSLA) Forecast page.
The average brokerage recommendation for Tesla Inc (TSLA, Financial), based on inputs from 54 brokerage firms, stands at 2.7, aligning with a "Hold" rating. This recommendation scale ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
According to GuruFocus' proprietary metrics, the estimated GF Value for Tesla Inc (TSLA, Financial) in the coming year is $267.08. This suggests a downside of 17.26% from the current price of $322.805. The GF Value represents GuruFocus' assessment of a stock's fair trading value and is derived from historical trading multiples, past business growth, and future business performance estimates. For comprehensive data, explore the Tesla Inc (TSLA) Summary page.
