How high will Tesla stock go up?
Average Price Target
Tesla (TSLA) stock is down more than 30% so far in 2024, but Ark Invest CEO Cathie Wood thinks "now is not the time to run for the hills." In fact, Ark has been buying the stock and thinks it could rise to $2,000 per share in the next five years, representing an increase of more than 1,000% from today's levels.
Tesla remains among the most polarizing stocks, which is well reflected in its target prices; Wall Street estimates range from a low of $85 to a high of $320. Put differently, while some experts expect the stock price to be cut nearly in half, others foresee TSLA doubling from current levels.
With Q1 done, analyst consensus now has 2024 Tesla earnings firmly below 2023's level. That signals another year of earnings declines for this growth stock. Wall Street currently expects Tesla earnings per share of just $2.76 in 2024, according to FactSet. That would be more than a 13% decline vs. last year's $3.12.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 214.47 | 27.81% |
| 2026 | $ 274.11 | 63.35% |
| 2027 | $ 350.34 | 108.77% |
| 2028 | $ 447.76 | 166.83% |
How Much Has Tesla Grown in the Past 10 Years? As of March 28, 2024, the price of Tesla's stock was $175.79. Ten years ago, at market close on March 28, 2014, Tesla's stock was trading at $14.16 per share. This means that $10,000 invested in Tesla in March 2014 would be worth about $124,145 today.
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. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.
Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy. The average rating score is and is based on 45 buy ratings, 33 hold ratings, and 15 sell ratings.
Analyst Forecasts
Currently, 32 Wall Street analysts follow Tesla stock, and they have a consensus “buy” rating on the company. Their average 12-month price target is $207.30, marking a potential gain one year out of about 27%.
The average price target for Tesla is $198.72. This is based on 35 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $320.00 ,the lowest forecast is $23.53. The average price target represents 13.04% Increase from the current price of $175.79.
Why is Tesla stock dropping so much?
Key Takeaways. Shares of Tesla fell as Wells Fargo said the EV maker is likely to see no sales growth in 2024. The bank cut its rating on the stock to underweight and lowered its price target to $125 from $200. Tesla's struggling to sell cars even as it lowers prices in various markets, and that's affecting its profit.
Growth fears have weighed on Tesla shares for months. Wall Street expects Tesla to deliver about 2.1 million vehicles in 2024. A few months ago that figure was 2.3 million units. As delivery numbers have fallen, earnings estimates have come down.
Morgan Stanley Tesla bull Adam Jonas recently issued an investor note in which he cut his Tesla 2024 earnings projections by 25%, saying that the EV giant could "potentially" lose money this year. Jonas slashed his Tesla price target to 320, down from 345, but maintained an overweight rating on the shares.
Ark Invest has laid out several price targets for Tesla over the years, factoring in items like full self-driving and robotaxis. 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.
Bullish Tesla investors also point out that the company's revenue growth beyond 2024 is expected to surpass all of the Magnificent Seven other than Nvidia Corp. Its earnings are also projected to bounce back in 2025 after dropping this year, and will be climbing at a faster pace than most other mega-caps.
| 2025 | 2040 | |
|---|---|---|
| TSLA stock forecast (5% annual growth) | $184 | $403 |
| TSLA stock forecast (S&P 500 historical 11.13% ROI - last 50 yrs) | $195 | $1,056 |
| TSLA stock forecast (QTEC historical 15.2% ROI - last 18 yrs) | $202 | $1,947 |
If you had invested in Netflix ten years ago, you're probably feeling pretty good about your investment today. According to our calculations, a $1000 investment made in February 2014 would be worth $9,138.15, or a gain of 813.81%, as of February 12, 2024, and this return excludes dividends but includes price increases.
Five years ago, on Nov. 2, 2016, Tesla was trading at around $38 per share. A $1,000 investment then would have grown 3,025% and be worth around $31,286 as of Wednesday morning. Over the same time period, the S&P 500 index would have given you a 142.4% return.
Five Year Stock Price Total Return for Tesla is calculated as follows: Last Close Price [ 164.90 ] / Adj Prior Close Price [ 18.33 ] (-) 1 (=) Total Return [ 799.6% ] Prior price dividend adjustment factor is 1.00.
How Much Has Tesla Grown in the Past 10 Years? As of March 28, 2024, the price of Tesla's stock was $175.79. Ten years ago, at market close on March 28, 2014, Tesla's stock was trading at $14.16 per share. This means that $10,000 invested in Tesla in March 2014 would be worth about $124,145 today.
What will Tesla be worth in 2050?
When it comes to the Tesla stock price prediction for 2050, Tesla stock would be trading at $4,700 in 2050 if it were to grow at the same 11.8% average rate as the S&P 500. If TSLA were to grow at the same rate as the Nasdaq 100's 17.5% average annual return, it would be worth $18,900 by 2050.
Amazon could continue to grow faster than Apple through the end of the decade, but its valuations are a bit stretched. If Amazon maintains its current valuations, matches analysts' expectations, and grows its EPS at a CAGR of 20% from 2025 to 2030, its market cap would reach $5.5 trillion by the final year.
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.
| Years Old | Depreciation | Residual Value |
|---|---|---|
| 7 | $26,736 | 55.19% |
| 8 | $30,029 | 49.67% |
| 9 | $27,446 | 54.00% |
| 10 | $28,574 | 52.11% |
Wall Street expects Tesla earnings per share of just $2.96 a share in 2024, according to FactSet. That would be a around a 5% decline vs. last year's $3.12. That was a 23% decline vs. 2022. Analyst project a solid increase in 2025 to $4.13 a share.
