Wall Street Predictions for Tesla Stock Price in the Following Year

Monday, 13 May 2024, 10:45
The turbulent year of 2024 for Tesla Motors (NASDAQ: TSLA) has seen unusual stock movements, amid different forecasts from analysts. Despite unexpected rallies and disappointing delivery figures in the first quarter, the overall prediction estimates a moderate 2.86% increase in TSLA stock over the next 12 months. Analysts present a wide range of forecasts, with the most optimistic scenario valuing the stock at $310, while the most pessimistic outlook indicates a sharp decline to $22.86 per share.
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Wall Street Predictions for Tesla Stock Price in the Following Year

Tesla Stock Price Prediction Overview

The year 2024 has been marked by erratic stock movements for Tesla Motors (NASDAQ: TSLA), driven by contrasting analyst forecasts and market events.

Unusual Market Responses

  • The surge in TSLA stock prices post-earnings report despite missing analyst expectations.
  • Investors' optimism influenced by Musk's promises of autonomous taxi services.

Analysts' Insights

  1. Expected 2.86% rise in Tesla stock over 12 months.
  2. Significant spread between bullish and bearish predictions.

Financial experts provide varying outlooks for TSLA stock, ranging from a drastic drop to substantial growth potential, highlighting the uncertainties surrounding Tesla's future.

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.

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