Tesla Stock Price Forecast & Long-term Prediction

Price for 12/21/2024 - 421.06 USD 

The quotations forecast for the nearest month is bullish. Based on BeatMarket analysts' opinion, the stock may rise to historical maximum by the end of December 2024. The most pessimistic Wall Street predictions assume that quotations will fall. Their authors indicate a price of $25.

There was a steady uptrend on the Tesla chart in the second half of 2024. The quotations reached the level of $345.16 in the last days of November. The key technical analysis tools give identical recommendations. On high time frames from 1D to MN1 the consensus forecast is "strong buy".

The following should be taken into consideration:

• on time frame 1H indicator STOCHRSI(14) and several other give sell signal; 

• the RSI has almost entered the overbought zone;

• the 1H timeframe shows a «Deliberation Bearish» bearish candlestick pattern with medium reliability. 

All this indicates the probability of the trend changing. Traders, who are used to trading against the market, may consider it to be positive signals.

On November 29, the current price is near to resistance. The uptrend can be broken. The nearest support is at the level of 332.5. 

Tesla has been steadily increasing its revenue since 2016. But only at the end of 2020, the company managed to demonstrate its net profit. In subsequent years, this indicator has been steadily growing. For more financial data, please refer to the table below. 

The investing.com platform reports that Tesla's current P/E multiple is almost 3.5 times the industry average. But it should be taken into account that this company is significantly different from other carmakers. 

ROE is considered one of the most attractive of all Tesla's multiples. Its value for the last 12 months exceeds the average for 5 years. Other key parameters are given below. 

Tesla quotes are quite volatile. The financial situation of the company is influenced by many factors. The company works with high-tech products. Therefore, it is quite difficult to make forecasts on its value. 

Experts disagree even on which way the quotes will go. Most Wall Street analysts have positive feelings. The most famous bulls are Ronald Baron and Cathie Wood. They are confident that Tesla will be able to consolidate above $1000 in the next 5 years. The most optimistic forecasts suggest that the stock will rise above $2500.

But there is also a bearish scenario. Its authors promise a short-term growth of quotations in the coming years. It will be followed by a return to the levels below $220 per stock in 2029.

Bullish factors that will support the price in the next 5 years:

• expanding the model range through the budget segment;

• strengthening of the energy production and storage business;

• opportunities to introduce new products;

• growth in demand for the company's products due to popularization of green energy.

The weakness remains the rather high cost of production. The business clearly does not work for the broad market. There are analysts who believe that Chinese companies will be able to bypass Tesla. 

But this opinion is not shared by everyone. Among those who disagree are Adam Jonas at Morgan Stanley. In 2023, he expressed confidence that Tesla will maintain its leadership in the coming years.

Some experts believe that the currently quoted price level is overstated. They believe this is due to the public's interest in Ilon Musk's personality. If he leaves or loses popularity, the value of the company will decrease. 

BeatMarket specialists do not consider the current value to be fundamentally unreasonable. We believe that Tesla may reach new heights in the next 5 years. At the same time, we do not support the $2500 and above scenario. Our forecast for today is a moderate growth of quotations.

Most analysts expect Tesla shares to rise in price in December 2024. This is due to 2 factors. The key is Trump's victory. Investors are waiting for legislative changes that will benefit the company. The second reason is the traditional Christmas rally on the stock exchange. 

• $311-$461 - by Longforecast;

• $345-$486 - by Coincodex;

• $459 - by Coinpriceforecast.

The company had a bad start to 2024. External factors influenced its quotations. First of all, these are logistics issues due to the events in the Red Sea. Another negative news is falling market share. In the fourth quarter of 2023, Tesla was second to BYD in terms of the number of electric cars sold. But in second half of the year the situation has changed. 

Leading stock analysts have no consensus on Tesla's prospects. According to the data provided by stockanalysis.com, the expected price of TSLA by the next 12 months:

• minimum, $24.86;

• medium, $228.97;

• maximum, $400.

UBS calls the average target price for TSLA at $226. And JWedbush believes that the quotes will be up to $400. The reason for the positive prediction is the expectation of further development of Tesla's Autopilot and Full Self-Driving. 

According to investing.com, Analysts 12-Month Price Target is $233.16.

The forecast for 12 months is presented in the table below.

Forecasts for 2026 are even more variable. Tesla's final stock price will depend heavily on its 2024-2025 financial results. The factor of Ilon Musk's personality will retain its influence on the quotations. The macroeconomic situation in the world will be no less important for the price formation. 

Here is a brief overview of Tesla stock price forecasts by the end of 2026:

• $125-$335 - by Coincodex;

• $287 - by Walletinvestor;

• $718 - by Longforecast; 

• $763 - by Coinpriceforecast.

BeatMarket experts are optimistic about the company's future. We believe that by the end of 2026 the quotes will exceed the prices of the end of 2024. A more detailed forecast is available below.

The outlook for Tesla stock is moderately optimistic for a relatively long period. Ark Invest and Ron Baron are known for their bullish views on the company's future. They promise that the $2000 mark will be conquered in the coming years. Other experts give moderate bullish or bearish predictions:

• $470 by Сoincodex;

• $928 - by Longforecast;

• $947 by Coinpriceforecast.

Relative pessimism is demonstrated by analysts of Walletinvestor  platform. According to their data, the price of TSLA in December 2027 will range from $260 to $269.

The reason for such discrepancies is the varying opinions that experts have on the pace of electric vehicle adoption. Also, some analysts are betting on Chinese competitors. They believe that BYD will soon surpass Tesla in key parameters. 

The platform stockanalysis.com presented forecasts on Tesla's financial performance. According to them, the company's EPS will be in the range of $6.8-$9.86 in 2028. This allows us to expect the stock to grow in value. 

 The most experts are much moderately optimistic:

1. Gov Capital service expects quotations within the range of $678-$828 by the end of December 2028.

2. Walletinvestor experts give a bearish prediction. In their opinion, TSLA stock price will fall to $233-$241.

3. BeatMarket analysts believe that the company will be able to increase its financial performance. Therefore, its stock price will grow. But we do not expect the company to consolidate above the level of $2000.

Analysts estimate that Tesla's profit will grow by about 15% per year over the next three to five years. Robotaxy can increase these rates. With these expectations being met, the company's stock price will also rise.