- Tesla's integration of AI chatbot Grok is set to enhance in-vehicle experience.
- Robotaxi service expansion slated for Austin with San Francisco on the horizon.
- Current analyst consensus points to a "Hold" recommendation for Tesla stock.
Tesla Inc. (TSLA, Financial) is making waves yet again with its latest technological advancement. CEO Elon Musk announced the integration of an AI chatbot, Grok, developed by xAI, into Tesla vehicles as soon as next week. Additionally, Tesla is gearing up to extend its robotaxi service within Austin this weekend, with plans for a San Francisco launch contingent on regulatory approval.
Wall Street Analysts Forecast
In terms of Tesla's market outlook, 43 analysts have shared their one-year price targets. The average target price stands at $294.34, capturing a high estimate of $500.00 and a low estimate of $19.05. This average target indicates a potential downside of 4.06% from Tesla's current trading price of $306.80. For investors seeking more granular data, it is available on the Tesla Inc (TSLA, Financial) Forecast page.
When examining recommendations from 53 brokerage firms, Tesla holds an average brokerage recommendation of 2.7, which equates to a "Hold" status. The rating system spans from 1 to 5, where a rating of 1 means Strong Buy, and 5 signals a Sell.
Diving deeper into valuation metrics, the GuruFocus estimate for Tesla Inc's (TSLA, Financial) GF Value over the next year is $269.28. This valuation suggests a potential downside of 12.23% compared to its current price of $306.80. The GF Value represents GuruFocus's calculation of what a fair market price should be, drawing from historical trading multiples, past business growth, and forecasts of future performance. Investors can explore more detailed data on the Tesla Inc (TSLA) Summary page.
