Key Highlights:
- Elon Musk's xAI to introduce Grok 4 on July 9, enhancing AI's language, math, and reasoning capabilities.
- Tesla (TSLA, Financial) receives a downgrade due to evolving EV tax credits and incentives.
- Analysts' one-year price targets suggest a slight upside for TSLA, but caution analysts are recommending "Hold."
Elon Musk's AI venture, xAI, is set to unveil its latest model, Grok 4, on July 9, aimed at enhancing language, math, and reasoning capabilities. Meanwhile, Tesla (TSLA) faces a downgrade from William Blair, citing shifts in EV tax credits and incentives impacting its market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 43 analysts, the average target price for Tesla Inc (TSLA, Financial) is $294.34, with a high estimate of $500.00 and a low estimate of $19.05. The average target suggests a modest upside of 0.14% from the current price of $293.94. Investors seeking more detailed estimate data can explore the Tesla Inc (TSLA) Forecast page.
Brokerage Recommendations
Based on the consensus recommendation from 54 brokerage firms, Tesla Inc's (TSLA, Financial) average brokerage recommendation is currently 2.7, indicating a "Hold" status. The rating scale ranges from 1 to 5, with 1 signifying Strong Buy and 5 denoting Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the estimated GF Value for Tesla Inc (TSLA, Financial) in one year is $269.28. This implies a potential downside of 8.39% from the current price of $293.94. The GF Value represents GuruFocus' estimate of the fair value that the stock should be traded at, calculated based on historical multiples, past business growth, and future business performance estimates. For further insights, investors can visit the Tesla Inc (TSLA) Summary page.
