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Is Tesla a good stock to buy?
Based on our Tesla stock forecast, Tesla stock is currently not a good stock to buy. This is because the price of Tesla stock is expected to decrease by in the next year.
What is the Tesla stock forecast?
The Tesla stock forecast for tomorrow is $ 451.67, which would represent a 0.00% gain compared to the current price. In the next week, the price of TSLA is expected to increase by 3.33% and hit $ 466.71.
As far as the long-term Tesla stock forecast is concerned, here’s what our predictions are currently suggesting.
- Tesla stock prediction for 1 year from now: $ 143.45 (-68.24%)
- Tesla stock prediction for 2030: $ 198.65 (-56.02%)
Will Tesla stock reach $1,000?
Tesla stock would need to gain 121.40% to reach $1,000. According to our Tesla stock forecast algorithm, Tesla stock will hit $1,000 in Dec 15, 2036.
So I've held Tesla since 2018. The stock has had plenty of ups and downs over time such as the 420 moment, Giga Factory ramp ups, and recent layoffs. Currently my shares have gained around 1800% on the initial investment. This has me wondering is now the time to sell? The current market cap on Tesla is $1.3 trillion USD. I guess my thought process is how much more can Tesla honestly gain over next 12-24 months? Previously we had big product roll outs such as Gigafactories openings, super charger expansion, and new vehicles. The 2024 deliveries where down 1% over previous year. I can see deliveries increasing in the future but I don't see previous growth such as Model Y roll out happening soon. That means Tesla will need to either massively cut costs to raise margins or need a big breakthrough such as full level 5 self driving AI. Tesla's current annual revenue is around $100 billion USD. Google with a market cap of 2.45 trillion has annual revenue of $278 billion USD. Even if Musk's current closeness to Trump administration is helpful I dob't see a way to get revenue anyone near that level and increasing the market cap.