Is Tesla Stock Headed for a Crash to $100 or Are There Signs of Recovery?
Friday, 19 April 2024, 13:03
Tesla Stock Forecast
Tesla (NASDAQ: TSLA) has faced a lackluster first quarter, with its shares plunging nearly 40% since the start of 2024. It has fallen below critical support levels, sparking concerns about a potential crash to $100.
Analyst Predictions
- Barclays: Expects disappointing earnings due to missed targets and strategy shifts.
- JPMorgan: Values Tesla at $115 and rates it as a sell.
- GLJ Research: Maintains a 'strong sell' rating with a price target below $23.
The technical analysis indicates a bearish sentiment with potential short-term reversals, emphasizing caution for traders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.