Consensus Price Target
Tesla (NASDAQ: TSLA) has a consensus price target of $189.47, according to MarketBeat.com. This target is based on the average of the estimates of 35 analysts who cover the stock. The highest price target is $300.00, while the lowest price target is $85.00.
Current Stock Price
As of July 4, 2024, Tesla’s stock is trading at $229.59. This is 21.18% above the consensus price target.
Historical Performance
Tesla’s stock has been on a roller coaster ride in recent years. The stock has gained 90% over the past year, but it has also lost 30% in the past six months.
Factors Affecting the Stock Price
- Competition from other electric vehicle manufacturers
- The global economy
- Interest rates
- Government regulations
- Technological advancements
Risks
- The company is still relatively new and could face challenges in scaling up production
- The company is dependent on a single product line, which could make it vulnerable to competition
- The company’s stock is volatile and could experience significant fluctuations in value
Conclusion
Tesla is a high-growth company with a lot of potential. However, it is important to be aware of the risks involved before investing in the stock.
also read:Tesla Enhances User Privacy with Latest Update: A Closer Look at the 2024.20 Feature
Priyanka