Is Tesla stock worth buying now?

It is difficult to say whether or not Tesla stock is worth buying at this moment. The stock market can be unpredictable and the value of a particular stock can fluctuate greatly. 

Additionally, the worth of a stock is subjective and can depend on an individual’s investment goals and risk tolerance. 

It is important to conduct thorough research and consult a financial advisor before making investment decisions. 

It’s also important to note that investing in the stock market is always a risk, and past performance does not guarantee future results.

Tesla’s stock cannot move above $225 unless it trades above $130.

At $150.23, Tesla’s stock price closed at TSLA

The latest long-term Tesla stock forecast, forecast, and target, Tesla stock price will reach $166 by the end of 2022 and then $275 in 2023, $395 in 2024, $553 in 2025, and $1,515 in 2030. 

In $2,489, 2,489, 2037 $ in 2023. And in 2050 it will be $31,264

Welcome to our series of stock forecasts, predictions, and price targets for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, and 2050.

Today we will analyze the stock with both analysis, i.e. technical and fundamental analysis, and here is the stock – Tesla, Inc.

Here we give you stock prediction/predictions at with the help of data analysis of fundamental data, technical analysis, and elevating wave analysis. 

And AI of past price data of Tesla stock, and also the expert of it What do futures say about stocks? prediction

Please note that this prediction, forecast, or any target is only a suggestion or analysis by experts. Predicting/predicting what will happen is almost impossible. 

Errors are always present in any analysis, but we are trying to give good price stock predictions/suggestions.

The stock target for Tesla in the next 12 months

Our website uses unique formulas to analyze data to determine whether or not Tesla stock would be a good addition to one’s portfolio. 

These forecasts and forecasts consider many factors including fundamental data changes, technical analysis, price changes, market cycle changes, and many others.

The last closing price is $150.23, according to our data analysis, the future price of Tesla TSLA stock is predicted at $270 (71%) after one year or 12 months.

If you invest $100 now, your investment will be worth $170 in December 2023.

Forecasts and predictions for Tesla stock were bullish in Tippernicks, according to analysts’ analysis. A total of 28 analysts rate Tesla stock. 

18 out of 28 analysts give a buy signal, 2 give a sell signal and 8 analysts prefer a hold signal. Tesla stock’s target for the next 12 months, according to analysts, stands at an average of $306.79, with the highest forecast at $760 and the lowest forecast at $85.

Company Information for Tesla, Inc

Tesla Inc. (Tesla) is a world-famous American California-based company founded in 2003, designs and manufactures electric cars and energy corporations.

Electric cars, as well as energy generation and storage devices, are designed, developed, manufactured, sold, and also leased by the company.

The Model Y, Model 3, Model X, Model S, Cybertruck, Tesla Semi, and Tesla Roadster are among the cars manufactured and sold by Tesla.

Tesla also sells solar energy and installs and maintains energy systems, as well as provides end-to-end sustainable energy products that include generation, storage, and consumption.

Tesla uses a network of company-owned stores and galleries to promote and sell automobiles to consumers. 

The corporation operates in Asia Pacific and Europe and has manufacturing sites in the United States, Germany, and China.

Tesla is headquartered in Austin, Texas, United States.

Elon Musk became the company’s largest shareholder in February 2004 with an investment of $6.5 million. He has been the CEO of the company since 2008.

The company went public on the NASDAQ on June 29, 2010, following an initial public offering (IPO).

In Shanghai, China, Tesla opened its first “Gigafactory” outside the United States in 2019. Giga Shanghai was the first foreign automobile plant in China and was completed in less than six months.

Tesla also started work on a new “Gigafactory” outside Berlin, Germany in March 2020, as well as another in Texas, USA.

Tesla’s market value exceeded 1 trillion dollars on October 1, 2021, making it the sixth company in US history.

Fundamental analysis of Tesla stock

Tesla, Inc.’s Revenue has grown impressively with a CAGR of @47.40% per annum over the last 5 years.

> Tesla, Inc.’s Net income has grown significantly with a CAGR of 58.25% every year for the last 5 years.

> Tesla, Inc. The stock price of the company has also increased by @54.20% CAGR annually in the last 5 years.

Q2-June 2022 Tesla (TSLA) Income Statement

Tesla, Inc.’s Total revenue stood at $16.934 billion, compared to last Q2’s $11.958 billion, a 41% UP YoY.

> Tesla, Inc. Reported a net profit of $2.256 billion, as compared to $1.142 billion in Q2 last year, up 98% YoY.

Q3-September 2022 Income Statement for Tesla (TSLA)

> Tesla, Inc.’s Total revenue stood at $21.450 billion, compared to last Q3’s $13.755 billion, a 56% UP YoY.

> Tesla, Inc. Reported a net profit of $3.292 billion, as compared to $1.618 billion in Q3 last year, up 103.5% YoY.

> On August 25, 2022, Tesla split the TSLA stock in a ratio of 3:1

An analysis of the technical aspects of Tesla’s stock (TSLA)

Currently, the price is running at $150.26, which is about 64% below the all-time high of $414.50 (November 4, 2021). 

The weekly technical chart of Tesla TSLA shows that the major trend is bullish until the price holds at $134. 

The perception may change if Tesla’s price drops below $134. The bearish short-term trend from November 2021 is up and is still bearish.

According to Elliott wave analysis, the price is moving in a major trend wave-2 Consolidation (correction) a-b-c patterns. 

To confirm the completion of Wave 2, the price has to cross the $360 mark.

The major support was broken at $162, which is the 0.618% fib zone, the next support will be at $134. Resistance will be at $160 and then $180.

FAQs: Tesla Stock Forecast

What is Tesla’s stock forecast for 2023?

Tesla’s stock price forecast for 2023, is expected to reach the maximum level of 275 dollars at the end of 2023. (updated every 15 days)

When will Tesla stock reach $50,000?

According to the latest data conducted by AI-based technical analysis and Elliott Wave analysis. Tesla stock may reach $50,000 in 2053-54 (the forecast will change according to future data changes and will be updated here every month)

Is Tesla stock a good investment? And could Tesla stock be worth buying now?

Yes, Tesla stock is a good investment and worth buying now, even on the dip, the latest September 2022 quarterly earnings data came out very impressive. 

And the technical chart also indicates that the major trend is still bullish, only $134 Below is weak.

Also, with good demand for EV cars and expectations of good fundamental data for future returns. 

Tesla stock encourages good investment but only for long-term investment.

Every stock involves risk, so do your own research before investing.

How much is Tesla stock forecast to reach in 2040?

Tesla stock price forecast 2040, the data concludes that Tesla stock can reach the highest price of 7,727 in 2040.

What is the forecast for Tesla stock in 5 years?

According to the current data analysis of Tesla stock, Tesla is expected to reach the highest price of $884 in 5 years.

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