Free Trial

Tesla (TSLA) Stock Forecast & Price Target

$248.23
+7.20 (+2.99%)
(As of 07/12/2024 ET)

Tesla - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$201.58
-18.79% Downside
High Forecast$310.00
Average Forecast$201.58
Low Forecast$85.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Hold
Hold
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
13 Buy rating(s)
Hold
15 Hold rating(s)
17 Hold rating(s)
15 Hold rating(s)
17 Hold rating(s)
Sell
7 Sell rating(s)
7 Sell rating(s)
9 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$201.58$185.90$198.81$219.16
Forecasted Upside-18.79% Downside8.08% Upside4.07% Upside1.27% Upside
Get Tesla Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for TSLA and its competitors with MarketBeat's FREE daily newsletter.

TSLA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

TSLA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Tesla Stock vs. The Competition

TypeTeslaAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.15
2.47
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-18.79% Downside321.24% Upside9.38% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral ➝ Neutral$182.00 ➝ $274.00+9.73%
7/12/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral ➝ Neutral$180.00 ➝ $230.00-4.58%
7/12/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeNeutral ➝ Sell$147.00 ➝ $197.00-18.27%
7/11/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperform ➝ Outperform$300.00 ➝ $300.00+12.99%
7/10/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$120.00 ➝ $130.00-50.98%
7/10/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweight ➝ Overweight$310.00 ➝ $310.00+17.42%
7/10/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral ➝ Neutral$175.00 ➝ $248.00-5.46%
7/9/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMarket Perform ➝ Market Perform
7/5/2024China Renaissance
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy$290.00+17.70%
7/3/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$160.00 ➝ $180.00-26.95%
7/3/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy ➝ Buy$222.00 ➝ $254.00+5.31%
7/3/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingHold ➝ Hold$162.00 ➝ $162.00-29.95%
7/3/2024Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetSell ➝ Sell$126.00 ➝ $134.00-42.06%
7/1/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweight ➝ Overweight$230.00 ➝ $230.00+9.58%
7/1/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingUnderweight ➝ Underweight$120.00 ➝ $120.00-40.28%
6/25/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageBuy$265.00+41.45%
6/25/2024New Street Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy ➝ Buy$235.00 ➝ $235.00+26.88%
6/20/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperform ➝ Outperform$293.00 ➝ $227.00+24.54%
6/10/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingUnderperform ➝ Underperform$120.00 ➝ $120.00-32.39%
4/29/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetIn-Line ➝ In-Line$155.00 ➝ $145.00-22.38%
4/25/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$123.00 ➝ $136.00-17.44%
4/24/2024Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNeutral ➝ Neutral$85.00 ➝ $85.00-41.25%
4/24/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingHold
4/24/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Buy$220.00+52.06%
4/22/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweight ➝ Overweight$205.00 ➝ $205.00+45.08%
4/17/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperform ➝ Outperform$280.00+78.58%
4/17/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetEqual Weight ➝ Equal Weight$225.00 ➝ $180.00+14.42%
4/10/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetHold ➝ Hold$185.00 ➝ $165.00-6.72%
4/3/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetUnderweight ➝ Underweight$130.00 ➝ $115.00-30.98%
2/6/2024Daiwa Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOutperform ➝ Neutral$245.00 ➝ $195.00+7.70%
1/26/2024Edward Jones
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold
1/25/2024KGI Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperform ➝ Neutral$309.00 ➝ $213.00+2.49%
1/24/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageSell$170.00-18.71%
6/23/2023DZ Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Sell$210.00-20.64%
4/20/2023Tudor, Pickering, Holt & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeHold ➝ Sell
4/20/2023Tudor Pickering
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeHold ➝ Sell
3/13/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeOutperform ➝ Peer Perform
3/8/2023Berenberg Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold$200.00 ➝ $210.00+11.87%
1/27/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Bill Selesky
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetBuy$374.00 ➝ $257.00+58.02%
1/26/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetMarket Perform$122.00 ➝ $140.00-3.07%
Don’t say I didn’t warn you… (Ad)

All the signs show the AI market is about to reverse. And unless you know what’s really going on in this sector, you could be wiped out. Inside this new expose, you'll discover exactly how the AI crisis will unfold... how you can prepare for it before it's too late... and how you can potentially profit from it, too. Click here to read the new expose, The Big AI Die-Up while you still can.

To see Porter Stansberry's new AI prediction go here now.
11/8/2022Global Equities Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy
10/20/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetMarket Perform$244.00 ➝ $205.00-3.35%
10/20/2022Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetNeutral$83.33 ➝ $85.00-59.92%
8/22/2022Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$33.33-88.44%
7/19/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Dan Levy
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOutperform$333.33+38.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:17 PM ET.

TSLA Forecast - Frequently Asked Questions

What is Tesla's forecast for 2024?

According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Tesla is $201.58, with a high forecast of $310.00 and a low forecast of $85.00.

Should I buy or sell Tesla stock right now?

34 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tesla in the last year. There are currently 7 sell ratings, 15 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TSLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TSLA, but not buy additional shares or sell existing shares.

Does Tesla's stock price have much downside?

According to analysts, Tesla's stock has a predicted downside of -1.16% based on their 12-month stock forecasts.

Has Tesla been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Tesla's stock had 2 upgrades and 2 downgrades by analysts.

Do Wall Street analysts like Tesla more than its competitors?

Analysts like Tesla less than other "auto/tires/trucks" companies. The consensus rating score for Tesla is 2.15 while the average consensus rating score for "auto/tires/trucks" companies is 2.47. Learn more on how TSLA compares to other companies.


This page (NASDAQ:TSLA) was last updated on 7/12/2024 by MarketBeat.com Staff

From Our Partners