Tesla Stock Forecast: What Analysts are Predicting for the Coming Year

On the surface, this appears to be the perfect stock for the current bull market: Tesla Inc. (NASDAQ:TSLA) has been one of the best performing stocks of this bull market, with shares up a whopping 730 percent since the start of 2013.  But technical traders also see something a bit more sinister in this chart: the unmistakable head-and-shoulders pattern that is a classic indicator of a stock about to start a bear market. At just under $350 per share, the stock is priced nearly 30 percent below its 52-week high of $460, and is likely to go higher in the coming months. It may seem like a good time to buy, but there are some risks to consider first.

What is the Tesla Stock Forecast for 2022?

Analysts and investors are predicting a positive year for Tesla stock in 2022. Goldman Sachs is predicting $500 a share for the company, while short-sellers are predicting a more bearish scenario, with shares likely to fall to $200. Regardless of which scenario comes true, it’s likely that Tesla stock will outperform the rest of the market in 2022, since investors are bettin g on a rebound.  Investors are hopeful that Tesla will have a new product to introduce for the Model 3, its first mass-market car, by the end of the year. Once it does, it will be able to bring the car to market at lower costs and higher volumes, which could bring down costs even further and increase the car’s profit margins.

Tesla Stock Forecast for 2023

Analysts and investors predict that Tesla stock will outperform the market again in 2023, with shares likely to rise to $530 by the end of the year. The bullish outlook comes from expectations that the company will have a new product to roll out for the Model 3. Tesla is also expected to close a deal with the state of Mississippi to build a $5 billion lithium-ion battery plant, which may open up new export opportunities for Tesla.

Tesla Stock Forecast for 2024

Investors are predicting Tesla shares will drop in 2024, but they may want to hold onto their shares for a long time. Analysts expect Tesla stock to drop to $300 by the end of the year, but if you’re a patient investor, you could see the company’s stock rise to $4,700 by the end of 2024, an increase of 11 times.  The catalyst for the drop in 2024 is likely to be the release of Tesla’s Model Y, the company’s third mass-market car. However, if all goes according to plan, the release of the Model Y will be delayed as Tesla continues to focus on its first two mass-market cars.

 

Read also: Amazon stock forecast

Tesla Stock Forecast for 2025

Investors are looking forward to a promising 2025 for Tesla and its stock. Analysts forecast that shares will rise to $500 by the end of 2025, thanks to the release of Tesla’s Model Y, the company’s fourth mass-market car. More exciting for investors, analysts also expect that Tesla will unveil an all-electric SUV at the beginning of 2025, bringing the company’s lineup of electric vehicles up to five different models.

Tesla Stock Forecast for 2022

Analysts are predicting that Tesla shares will continue to rise in 2022, reaching $600 per share by the end of the year. Investors are excited about the release of Tesla’s Model X, the company’s second mass-market car, which is expected to be released in 2022.


Join