Is Tesla a good stock to buy 2024? (2024)

Is Tesla a good stock to buy 2024?

With 2023 in the rearview mirror, analyst consensus now has 2024 Tesla earnings below 2023's level, signaling another year of negative growth for this growth stock. Wall Street expects Tesla earnings per share of just $3.07 a share in 2024, according to FactSet. That would be a 1% decline vs. last year's $3.12.

Is Tesla a good investment 2024?

Even Deepwater Asset Management's Gene Munster, who is far from being a Tesla bear, also sounded cautious after the company's disappointing 2024 outlook. Tesla now has a consensus rating of “Hold” from analysts, which is a markdown from the average “Moderate Buy” rating a month back.

What will Tesla stock be in 2025?

Is Tesla a good stock to buy right now?

Key Points. Tesla's sales growth has stalled, and its profitability is taking a hit. Even with the stock falling, shares still look expensive. Investors who buy shares today are hopeful new projects will become huge moneymakers one day.

What is Tesla's earnings call for 2024?

The current consensus call for Tesla's 2024 earnings per share is about $3.08, according to FactSet. The estimate started the year at about $3.84. Estimates have come down about 20%.

Where is Tesla stock headed in 2024?

Tesla Bulls Wary Of 2024

The consensus among analysts for 2024 has Tesla EPS down to $3.31 as of Thursday afternoon. Before Q4 earnings, Wall Street had Tesla 2024 earnings at $3.63 a share. The consensus view is now 12% below where it was at the end of 2023 and has come down 40% since the end of January 2023.

Will Tesla cut prices in 2024?

Tesla (TSLA) is continuing its strategy of offering vehicle discounts and slashing prices early in 2024 as the EV giant attempts to shore up demand.

What will Tesla stock be worth in 2027?

The newest price target for Tesla shares for Tesla came in April 2023, with a call for the stock price to hit $2,000 in 2027 and the company's market capitalization to hit $4.4 trillion. The bear-and-bull case for Tesla stock from Ark Invest are $1,400 and $2,500, respectively, for the same time period.

Is Tesla a good long term stock?

From a fiscal-2023 base, we forecast Tesla earnings per share grow at a 27% compound annual growth rate through fiscal 2030, achieving $5/share in late fiscal 2025, $10/share in late fiscal 2027, and $15/share by mid fiscal 2029.

How high is Tesla stock expected to go?

TSLA Stock 12 Months Forecast

Based on 34 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $220.26 with a high forecast of $345.00 and a low forecast of $23.53. The average price target represents a 9.88% change from the last price of $200.45.

Does Tesla pay a dividend?

Plus, Tesla does not pay a dividend to shareholders. As a result, we believe income investors looking for lower volatility should consider high-quality dividend growth stocks.

What stock to invest today?

Is Amazon a buy or sell?

Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 39 Wall Streets Analysts.

What is Tesla forecast for 2024?

Wall Street expects Tesla earnings per share of just $3.07 a share in 2024, according to FactSet. That would be a 1% decline vs. last year's $3.12. That was a 23% decline vs. 2022. Analyst project a solid increase in 2025 to $4.24 a share.

What is Tesla Q1 earnings for 2024?

TSLA EPS forecast for the fiscal quarter 2024 (Q1) is $0.67.

When was last earnings for Tesla?

TSLA last reported earnings on January 24, 2024 after the market close (AMC). The company held a conference call for investors at 5:30 PM eastern on the same day. TSLA shares declined -12.1% the day following the earnings announcement to close at 182.63.

Can Tesla stock recover?

We forecast segment gross margins will recover to the mid-20% range by the end of the decade—well above the 19% generated in 2023 but below the 29% margin achieved in 2022. Read more about Tesla's fair value estimate.

Is Tesla a buy or sell in 2023?

But in the end, Tesla stock has risen 105% this year into the final week of 2023. While that has stretched the stock's valuation to loftier levels, there are compelling reasons to want to own Tesla shares heading into 2024.

What will Tesla stock be worth in 2040?

The S&P 500 index had an average annual return of 11.13% between 1973 and 2023. If Tesla stock were to grow at this average rate until 2040, TSLA stock would be worth $1,169 in 2040.

Why is Tesla stock dropping 2024?

Tesla's 2024 decline began with a post-earnings plunge after the company missed Wall Street estimates for quarterly profit and revenue, but the latest selloff coincides with increased controversy surrounding Musk, who has clamored for significantly higher power within Tesla and taken to his X social media platform to ...

Will Tesla last long term?

The life expectancy of a Tesla car can vary, but many Tesla owners report their vehicles lasting well over a decade with proper maintenance. Tesla's battery and drive unit warranty usually spans 8 years or a specified mileage limit, which can offer a useful guideline.

Why is Tesla stock dropping so much?

Coming into Monday trading, Tesla shares have fallen about 24% year to date. The reporting on Musk is a small factor in the stock drop. Investors are mainly worried about weaker-than-expected growth for Tesla. The company shipped 1.8 million electric vehicles in 2023, up almost 40% from 2022.

How much $10 000 invested in Tesla stock 10 years ago is worth now?

If you invested $10,000 with founder Elon Musk 10 years ago, your stake would be worth $2.1 million now. That works out to a more than 70% average annual return. The same $10,000 put into the S&P 500 during that time grew just 274% to $37,376.

What will Tesla shares be worth in 2030?

He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg.

How much will Tesla shares be worth in 5 years?

According to the estimates cited above, Tesla stock could be worth between $564 and $2,326.138 a share in the next five years, implying potential over 1,000% gains based on the last closing price of $181.41, though this seems an ambitious target.