Why not to buy Tesla stock? (2024)

Why not to buy Tesla stock?

This is why Tesla continues to implement price cuts to maintain its market share. There are also red flags on the profitability front. The company's Q4 margins contracted significantly from the fourth quarter of 2022. As a company with large fixed costs, revenue taking a hit will immediately impact the bottom line.

Why is Tesla stock so bad right now?

Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record. Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe.

Is Tesla a safe long term investment?

The electric vehicle leader could have a rough time in 2024. Tesla (TSLA 1.05%) stock had a great run in 2023, more than doubling in price from $118 to 248. But since the start of 2024, the stock price has slumped by around 20%.

Is Tesla a buy hold or sell?

There are definitely reasons to pick up Tesla stock these days, as popular investment guru Cathie Wood would be quick to tell you. The market expansion and global presence of Tesla have been quite strong.

Is Tesla a good buy in 2024?

Tesla (TSLA)

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.

Why is Tesla stock collapsing?

The latest deliveries' snapshot is another headwind for shareholders, with Tesla's stock down over 30% so far this year. Tesla is facing competition from U.S. automakers, including Ford, GM and Mercedes, as well as EV makers from China. This as EV demand wanes in favor of good gas-powered vehicles.

Will Tesla stock go up 2024?

"If there was ever a time for Tesla to potentially post a GAAP EBIT loss in the auto business, it may be this year." 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.

How much will Tesla shares be worth in 5 years?

As for the Tesla long term forecast, Wallet Investor has estimated a Tesla 5 year forecast of $564.24 a share.

Does Tesla stock have a future?

TSLA Stock 12 Months Forecast

Based on 35 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $196.72 with a high forecast of $320.00 and a low forecast of $23.53. The average price target represents a 18.06% change from the last price of $166.63.

Will Tesla bounce back?

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.

Does Tesla pay dividends?

Plus, Tesla does not pay a dividend to shareholders. As a result, we believe income investors looking for lower volatility should consider high-quality dividend growth stocks. The Dividend Aristocrats are a group of 68 stocks in the S&P 500 Index with 25+ consecutive years of dividend growth.

Is Apple a buy or sell right now?

Apple's analyst rating consensus is a Moderate Buy. This is based on the ratings of 28 Wall Streets Analysts.

What is the prediction for Tesla stock price in 2025?

Does Tesla have a strong future?

Key Points. Tesla is set to remain the leader in the EV industry. If Tesla develops groundbreaking technologies, its business could look different 10 years from now. The stock still carries a premium valuation.

How high will Tesla stock go in 2030?

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.

What are the best stocks to invest in 2024?

What is the long term outlook for Tesla?

Analysts expect Tesla's adjusted EPS to fall slightly in 2024, while predicting a nearly 13% rise in revenues. We have seen this bifurcation between Tesla's revenue growth and profitability for the last several quarters amid the ongoing EV price war, which was initiated by Tesla.

Are Tesla stocks good?

In fact, analysts on average now expect that it will take until 2026 for Tesla to exceed the level of profitability it posted in 2022. That, however, does not mean the shares are cheap. At 59 times forward earnings, Tesla's the most expensive member of the Magnificent 7 group of big tech companies.

What is Tesla forecast for 2024?

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.

Is NVDA a good buy?

NASDAQ: NVDA

Nvidia's (NVDA 2.45%) stunning stock rally is not showing any signs of slowing down. Shares of the graphics card specialist have shot up 78% in 2024 so far, and that's not surprising considering the terrific fiscal fourth-quarter 2024 report the company delivered in February.

How much $10 000 invested in Tesla stock 10 years ago is worth now?

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 year was Tesla stock the highest?

Historical daily share price chart and data for Tesla since 2010 adjusted for splits and dividends. The latest closing stock price for Tesla as of April 05, 2024 is 164.90. The all-time high Tesla stock closing price was 409.97 on November 04, 2021.

What will Tesla stock be worth in 2027?

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.

What is the fair value of Tesla stock?

As of 2024-04-07, the Fair Value of Tesla Inc (TSLA) is 107.6 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 164.9 USD, the upside of Tesla Inc is -34.7%.

What is the target price for Tesla?