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+ "page_name": "Tesla stock in 5 years: Will Elon Musk's company keep ...",
+ "page_url": "https://capital.com/tesla-stock-price-in-5-years",
+ "page_snippet": "The stock of the EV giant has shed over 44% of its value since the year started. What can investors expect from Tesla stock in 5 years? Find out here\u2026What can investors expect from Tesla stock in five years? \u2013 Photo: Roschetzky Photography / Shutterstock \u00b7 The performance of Tesla (TSLA) stock has seen a rebound this year, having risen over 50% at the time of writing on 6 April 2023. This marks quite a turn from 2022, when the TSLA stock shed almost 70% of its value. A key factor that has contributed to the Tesla stock price\u2019s rise so far this year has been its price cuts. In January, the electric vehicle (EV) maker lowered the prices of two of its most popular vehicles vehicles, the Model Y and Model 3, across US and European markets. Tesla said in a statement: The chart above shows that in six months within the past 10 years, TSLA has experienced monthly drawdowns of more than 20%. This shows how volatile the stock has been and what it took from investors who adopted a buy-and-hold approach to stay the course to see the value of their holdings increase by the percentages described above. Tesla hit all-time highs (post-splits) in November 2021 at $414.50 a share, but changes in the macroeconomic backdrop led to a significant decline in its stock value after that, as investors adopted a risk-off attitude due to the US Federal Reserve\u2019s increasingly hawkish actions. The company\u2019s fundamentals are perhaps the first thing to consider when drafting a Tesla stock 5-year forecast. This includes an analysis of the demand for EVs in multiple corners of the world \u2013 primarily in the locations where Tesla is already offering its products, but also in markets the company may be planning to reach soon.",
+ "page_result": "\ufeff Tesla Stock In 5 Years | Where Will Tesla Stock Be In 5 Years? \n \n \n \n \n \n
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What can investors expect from Tesla stock in five years? – Photo: Roschetzky Photography / Shutterstock \n
The performance of Tesla (TSLA) stock has seen a rebound this year, having risen over 50% at the time of writing on 6 April 2023. This marks quite a turn from 2022, when the TSLA stock shed almost 70% of its value.
Tesla (TSLA) live price chart
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A key factor that has contributed to the Tesla stock price’s rise so far this year has been its price cuts. In January, the electric vehicle (EV) maker lowered the prices of two of its most popular vehicles vehicles, the Model Y and Model 3, across US and European markets. Tesla said in a statement:
“Our focus on continuous product improvement through original engineering and manufacturing processes have further optimised our ability to make the best product for an industry-leading cost.
“As we exit what has been a turbulent year of supply chain disruptions, we have observed a normalisation of some of the cost inflation, giving us the confidence to pass these through to our customers.”
In this article, we explore further details about the electric vehicle (EV) manufacturer, along with predictions from analysts about the stock’s future.
Everything you need to know about Tesla
Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning, two engineers with a vision of revolutionising the auto industry by creating fully-functional, electric-powered vehicles.
The company was not, contrary to popular belief, founded by Elon Musk. However, Musk was instrumental in Tesla’s success as he invested a sizeable amount of money in the company and helped to raise funds from venture capitalists and angel investors.
The first vehicle launched by Tesla was the Roadster, in 2008. It then introduced new models, including the Model S, Model X, Model Y and Model 3. The Tesla Semi followed, together with a pick-up truck called the Cybertruck and a new Roadster model.
Tesla is headquartered in Austin, Texas. The company has manufacturing facilities in the US (Texas, Nevada, California, and Buffalo), China and Germany.
During the first nine months of 2022, Tesla produced total revenues of $57.1bn, $50.2bn of which came from the sale of its vehicles. During this same period, Tesla produced a total of 929,910 vehicles and delivered 908,573 units.
Understanding the company’s history and current situation is a good first step in the process of drafting a plausible Tesla long-term forecast.
Tesla stock has accumulated gains of 8,535% in the past 10 years compared to 348.9% and 187.6% returns produced by the Nasdaq 100 and the S&P 500 index, respectively, during that same period.
This means that the company’s share value has grown at a compounded annual growth rate of 56.8% – an impressive return that hasn’t necessarily come without hiccups along the way.
The chart above shows that in six months within the past 10 years, TSLA has experienced monthly drawdowns of more than 20%. This shows how volatile the stock has been and what it took from investors who adopted a buy-and-hold approach to stay the course to see the value of their holdings increase by the percentages described above.
Tesla hit all-time highs (post-splits) in November 2021 at $414.50 a share, but changes in the macroeconomic backdrop led to a significant decline in its stock value after that, as investors adopted a risk-off attitude due to the US Federal Reserve’s increasingly hawkish actions.
Investors must be aware that past results are not a guarantee of future performance, which means they should not base their Tesla stock predictions on what its price has done in the past.
Price drivers to consider for a Tesla stock 5-year forecast
What kind of variables can investors look at to determine where the price of Tesla stock in 5 years may land?
The company’s fundamentals are perhaps the first thing to consider when drafting a Tesla stock 5-year forecast. This includes an analysis of the demand for EVs in multiple corners of the world – primarily in the locations where Tesla is already offering its products, but also in markets the company may be planning to reach soon.
Additionally, investors should also look at the competition and what they are doing to see if their vehicles may eventually eat up a portion of Tesla’s pie. According to data from S&P Global, Tesla’s vehicles accounted for 65% of the sales in units of electric cars in the US in the first nine months of 2022.
However, Tesla is also looking to become a major player in other parts of the world such as China and Europe. They will have to compete with firms like Nissan, Ford, General Motors, VW, Toyota, Nio and Xpeng to either become the leaders or stay at the top of the EV market in these areas.
By analysing these elements, investors may be able to determine how much Tesla could bring in sales, cash flows and earnings in the next 5 years to possibly value the business by using price-to-earnings ratios and other similar techniques.
Other variables that could shape the Tesla stock price in 5 years include macroeconomic factors such as interest rates, as higher rates will typically lead to lower equity valuations. In addition, higher rates may also depress the demand for vehicles, as borrowing costs will tend to increase.
Tesla stock in 5 Years: Will it go up or down?
Lets look at the long term outlook for Tesla stock.
As of 2 March, MarketBeat had the consensus recommendation from analysts for Tesla stock stood at ‘hold’, with 21 out of 36 analysts rating the stock a buy, 11 rating it a hold and four a sell.
The average price target for TSLA for the next 12 months stood at $218.95 a share, implying an 7.98% upside potential if that target is hit. The highest prediction stood at $430.33 while the lowest sat at $33.33.
As for the Tesla long term forecast, Wallet Investor has estimated a Tesla 5 year forecast of $564.24 a share.
Additionally, Gov Capital, another algorithm-based forecasting service, has a baseline Tesla stock 5-year forecast of $2,326.138.
Both of these estimations indicate a sizeable upside potential for TSLA within the next five years, if those targets are hit. However, many things can happen during that period. Therefore, these forecasts should not be considered a recommendation to invest in Tesla stock.
Investors should always perform their own due diligence on any company before buying shares. And never invest money you cannot afford to lose.
FAQs
What will Tesla stock be worth in 5 years?
No-one can say for sure. According to the estimates cited above, Tesla stock could be worth between $564 and $2,326.138 a share in the next five years, implying potential over 1,000% gains based on the last closing price of $181.41, though this seems an ambitious target. Remember, these predictions can be wrong. Always do your own research before making any investment or trading decision. And never invest more money than you are comfortable losing.
Is Tesla a good long-term stock?
Tesla was one of the first companies to manufacture a top-quality and fully-functional electric-powered vehicle. The company remains the leader of the EV market in the US in units sold and continues to move forward in the development of new models and markets.
However, whether Tesla is the right stock for you depends on your trading objectives. It’s important to do your own research. Your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your portfolio and how comfortable you feel about losing money. You should never trade more than you can afford to lose.
Is Tesla stock a buy right now?
The consensus recommendation from analysts surveyed by MarketBeat sat at ‘hold’ as of 2 March. Even though 21 out of 36 analysts have rated the stock a buy while 11 rated it a hold, and four a sell.
However, how you invest is a personal decision depending on your risk tolerance and investing strategy. You should do your own research to take an informed view of the market and decide whether TSLA is an appropriate fit for your portfolio.
The difference between trading assets and CFDs The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD. You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again. CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example. CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.\r\n
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+ "page_last_modified": ""
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+ {
+ "page_name": "Why Tesla Stocks Dropped So Much in 2022 | TIME",
+ "page_url": "https://time.com/6243613/why-tesla-stock-down/",
+ "page_snippet": "The electric-vehicle maker\u2019s market valuation has shrunk to roughly $357 billion, below that of Walmart, JPMorgan Chase and Nvidia.\u201cMost of the stock\u2019s weakness this year is due to indicators showing flagging demand globally,\u201d said Craig Irwin, an analyst at Roth Capital Partners. Tesla\u2019s estimated revenue growth \u201cis still amazing, but not $385 billion market valuation-type amazing,\u201d he said, referring to the value at the end of last week. Analysts on average expect revenue to grow 54% in 2022 and 37% in 2023, data compiled by Bloomberg show. The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge. For Tesla, whose valuation is pinned on its future growth prospects, these worries reflect a significant risk. \u201cMost of the stock\u2019s weakness this year is due to indicators showing flagging demand globally,\u201d said Craig Irwin, an analyst at Roth Capital Partners. Tesla\u2019s estimated revenue growth \u201cis still amazing, but not $385 billion market valuation-type amazing,\u201d he said, referring to the value at the end of last week. Still, analysts\u2019 overall stance on Tesla remains bullish, with the highest share of buy or equivalent ratings since early 2015. \u201cDespite the stock\u2019s performance, Tesla\u2019s innovation curve appears to be accelerating, a stark contrast to other large tech companies whose incremental product updates appear stagnant at best,\u201d Canaccord Genuity analyst George Gianarikas wrote in a note last week. \u201cOur sense is the company\u2019s market share has peaked and concerns about its over-reliance on China for profits and the factory shutdown are weighing on the stock,\u201d said Jeffrey Osborne, an analyst at Cowen. Tesla \u201cappears to have burned through its backlog as they are resorting to promotions to move cars and delivery lead times are 1-2 weeks in the majority of the world.\u201d",
+ "page_result": "Why Tesla Stocks Dropped So Much in 2022 | TIME
The tailspin in Tesla Inc. shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks.
Shares of the Elon Musk-led company closed down 11% at $109.10, for the seventh straight decline and its steepest one-day drop since April. The electric-vehicle maker’s market valuation has shrunk to roughly $345 billion, below that of Walmart Inc., JPMorgan Chase & Co. and Nvidia Corp. This latest selloff also cost Tesla its position among the 10-highest valued companies in the S&P 500 Index, a distinction it had held since joining the benchmark in December 2020.
News of reduced output in Shanghai comes on the heels of last week’s report that Tesla was offering US consumers a $7,500 discount to take delivery of its two highest-volume models before year-end, combining to intensify concerns that demand is ebbing. For Tesla, whose valuation is pinned on its future growth prospects, these worries reflect a significant risk.
“Most of the stock’s weakness this year is due to indicators showing flagging demand globally,” said Craig Irwin, an analyst at Roth Capital Partners. Tesla’s estimated revenue growth “is still amazing, but not $385 billion market valuation-type amazing,” he said, referring to the value at the end of last week.
Analysts on average expect revenue to grow 54% in 2022 and 37% in 2023, data compiled by Bloomberg show.
The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.
Breakneck Unwind
But this year the unwinding has come equally fast. It has lost 69% its value amid Musk’s Twitter takeover and related distractions, investor jitters about growth assets and most recently, worries that high inflation and rising interest rates will dampen consumers’ enthusiasm for EVs.
“Our sense is the company’s market share has peaked and concerns about its over-reliance on China for profits and the factory shutdown are weighing on the stock,” said Jeffrey Osborne, an analyst at Cowen. Tesla “appears to have burned through its backlog as they are resorting to promotions to move cars and delivery lead times are 1-2 weeks in the majority of the world.”
Wall Street analysts started flagging warnings about EV demand earlier this month, with the average 12-month price target for Tesla falling 10% since the end of November. Meanwhile, the average adjusted earnings estimate for 2022 has declined over 4% from just three months ago.
Tesla has now seen around $720 billion of shareholder value evaporate this year. The collapse is among the biggest contributors to the S&P 500’s decline in 2022, after Amazon.com Inc., Microsoft Corp. and Apple Inc.
Still, analysts’ overall stance on Tesla remains bullish, with the highest share of buy or equivalent ratings since early 2015.
“Despite the stock’s performance, Tesla’s innovation curve appears to be accelerating, a stark contrast to other large tech companies whose incremental product updates appear stagnant at best,” Canaccord Genuity analyst George Gianarikas wrote in a note last week. He added that “green shoots” of recovery may appear in 2023.
",
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+ "page_name": "Tesla - 14 Year Stock Price History | TSLA | MacroTrends",
+ "page_url": "https://www.macrotrends.net/stocks/charts/TSLA/tesla/stock-price-history",
+ "page_snippet": "The latest closing stock price for Tesla as of February 15, 2024 is 200.45. The all-time high Tesla stock closing price was 409.97 on November 04, 2021. The Tesla 52-week high stock price is 299.29, which is 49.3% above the current share price. The Tesla 52-week low stock price is 152.37, which ...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 February 15, 2024 is 200.45. The all-time high Tesla stock closing price was 409.97 on November 04, 2021. The Tesla 52-week high stock price is 299.29, which is 49.3% above the current share price. The Tesla 52-week high stock price is 299.29, which is 49.3% above the current share price. The Tesla 52-week low stock price is 152.37, which is 24% below the current share price. The Tesla 52-week low stock price is 152.37, which is 24% below the current share price. The average Tesla stock price for the last 52 weeks is 223.75. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.",
+ "page_result": "\r\n\r\n\r\n\r\n\r\n \r\n \r\n \r\n \r\n\t\t\r\n\t\tTesla - 14 Year Stock Price History | TSLA | MacroTrends\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\t\r\n\r\n\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t \r\n\t\t\r\n\r\n\t\t\r\n\t\t \r\n \t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\t\r\n\t\t\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t \r\n\t\t \r\n\t\t \r\n\t\t \r\n\t\t 180.74. \r\n\t\t\t\t\t\t\t\r\n\t\t
\r\n\t\t
The all-time high Tesla stock closing price was 409.97 on November 04, 2021.
\r\n\t\t
The Tesla 52-week high stock price is 299.29, which is 65.6% above the current share price.
\r\n\t\t
The Tesla 52-week low stock price is 152.37, which is 15.7% below the current share price.
\r\n\t\t
The average Tesla stock price for the last 52 weeks is 223.70.
\r\n\t\t
\r\n\t\t\r\n\t\tFor more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.\">\r\n\r\n\t\t \r\n\t\t \r\n\t\t \r\n\t\t 180.74. \r\n\t\t\t\t\t\t\t\r\n\t\t
\r\n\t\t
The all-time high Tesla stock closing price was 409.97 on November 04, 2021.
\r\n\t\t
The Tesla 52-week high stock price is 299.29, which is 65.6% above the current share price.
\r\n\t\t
The Tesla 52-week low stock price is 152.37, which is 15.7% below the current share price.
\r\n\t\t
The average Tesla stock price for the last 52 weeks is 223.70.
\r\n\t\t
\r\n\t\t\r\n\t\tFor more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.\" />\r\n\r\n\t\t\r\n\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\r\n\t\t \r\n\t\t \r\n\r\n\t\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\r\n\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\t\t\r\n\r\n\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n \r\n\r\n\t\r\n\r\n \r\n\r\n\t\t\r\n\t\t\r\n\r\n\r\n\t\r\n\r\n\t\t\r\n\t\r\n\r\n\r\n\r\n\t\r\n \r\n\r\n
\r\n\t\t\t\r\n\t\t\t\tHistorical daily share price chart and data for Tesla since 2010 adjusted for splits and dividends. The latest closing stock price for Tesla as of March 05, 2024 is 180.74. \r\n\t\t\t\t\t\t\t\r\n\t\t
\r\n\t\t
The all-time high Tesla stock closing price was 409.97 on November 04, 2021.
\r\n\t\t
The Tesla 52-week high stock price is 299.29, which is 65.6% above the current share price.
\r\n\t\t
The Tesla 52-week low stock price is 152.37, which is 15.7% below the current share price.
\r\n\t\t
The average Tesla stock price for the last 52 weeks is 223.70.
\r\n\t\t
\r\n\t\t\r\n\t\tFor more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.\r\n\t\t\t\r\n\t\t\t
\r\n\t\t\t\t\t\tTesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. The company's flagship Model 3 is the best-selling EV model in the United States. Tesla, which has managed to garner the reputation of a gold standard over the years, is now a far bigger entity that what it started off since its IPO in 2010, with its market cap crossing $1 trillion for the first time in October 2021.? The EV king's market capitalization is more than the combined value of legacy automakers including Toyota, Volkswagen, Daimler, General Motors and Ford.Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses. The firm's three-pronged business model approach of direct sales, servicing, and charging its EVs sets it apart from other carmakers. Tesla, which is touted as the clean energy revolutionary automaker, is much more than just a car manufacturer.\r\n\t\t\t\t\t
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+ "page_last_modified": " Tue, 05 Mar 2024 21:07:11 GMT"
+ },
+ {
+ "page_name": "With Tesla Stock Down 25% In 2024, It\u2019s Time To Take Your Profits",
+ "page_url": "https://www.forbes.com/sites/petercohan/2024/01/25/tesla-stock-price-down-25-in-2024-time-to-take-your-profits/",
+ "page_snippet": "The electric carmaker said vehicle volume growth in 2024 "may be notably lower" than the rate observed last year.Feb 7, 2024,12:15pm ESTWhat To Expect From Ralph Lauren\u2019s Q3 After Stock Up 40% Since 2023? Feb 7, 2024,11:48am ESTHow To Find The Best Sector ETFs 1Q24 ... Opinions expressed by Forbes Contributors are their own. ... Click to save this article. You'll be asked to sign into your Forbes account. ... FREMONT, CALIFORNIA - APRIL 20: In an aerial view, Tesla cars sit parked in a lot at the Tesla ... Tesla reported first quarter earnings that far exceeded analyst expectations with revenue of $18.76 billion compared to expectations of $17.80 billion. (Photo by Justin Sullivan/Getty Images)Getty Images ... TSLA missed expectations and lowered guidance in its latest earnings report. The company\u2019s stock fell 10% in early trading January 25, and analysts cut their price targets. The company\u2019s stock fell 10% in early trading January 25, and analysts cut their price targets. There are many reasons to dump Tesla stock \u2014 the most important of which are its weak customer value proposition and CEO Elon Musk\u2019s urge to focus more time on artificial intelligence and robotics. After the stock doubled in 2023, investors should consider taking their profits. Investors who hold on to Tesla shares will suffer.",
+ "page_result": "With Tesla Stock Down 25% In 2024, It\u2019s Time To Take Your Profits
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FREMONT, CALIFORNIA - APRIL 20: In an aerial view, Tesla cars sit parked in a lot at the Tesla ... [+] factory on April 20, 2022 in Fremont, California. Tesla reported first quarter earnings that far exceeded analyst expectations with revenue of $18.76 billion compared to expectations of $17.80 billion. (Photo by Justin Sullivan/Getty Images)
Getty Images\n
Tesla\n TSLA\n missed expectations and lowered guidance in its latest earnings report. The company\u2019s stock fell 10% in early trading January 25, and analysts cut their price targets.
\n\n\n
There are many reasons to dump Tesla stock \u2014 the most important of which are its weak customer value proposition and CEO Elon Musk\u2019s urge to focus more time on artificial intelligence and robotics.
\n\n
After the stock doubled in 2023, investors should consider taking their profits. Investors who hold on to Tesla shares will suffer.
\n\n
Tesla\u2019s Weak Performance And Prospects
\n\n
On Wednesday, Tesla provided investors a disappointing fourth quarter report and delivered weak guidance for 2024.
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Here are the key figures:
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Q4 Revenue: $25.17 billion \u2014 up 3% from Q4 2023 and about $500 million short of LSEG expectations. A \u201creduced average selling price following steep price cuts around the world in the second half of the year\u201d contributed to the meager revenue growth, according to CNBC.
Q4 Net Income: $7.9 billion \u2014 more than double the Q4 2023 amount with help from a $5.9 billion \u201cone-time noncash tax benefit,\u201d noted CNBC.
\n
2024 Vehicle Volume Forecast: Electric vehicle volume growth in 2024 \u201cmay be notably lower\u201d than the rate observed last year \u2014 Tesla \u201cshipped 1.8 million cars in 2023,\u201d CNBC wrote. The absence of a specific 2024 production target departs from previous years. In 2023, deliveries rose 38% \u2014 well short of the 50% target. Analysts predict a 20% increase in 2024, noted Bloomberg.
Musk had much to say in Tesla\u2019s earnings conference call. Here are what I think of as his lame excuses:
\n\n
\n
Weak growth. Musk said the company is \u201cbetween two growth curves\u201d \u2014 one that began with the global expansion of Model 3 and Y, and the next, \u201cwhich will happen in the second half of 2025 following the launch of the next-generation vehicle platform,\u201d noted Seeking Alpha.
\n
Low margin. Musk blamed interest rates for Tesla\u2019s low margins. He said high interest rates make \u201clots of people who want to buy our car\u201d unable to afford to pay the price. \u201cIf the interest rates come down quickly, I think margins will be good. And if they don't come down quickly, they won't be that good,\u201d he said, according to Seeking Alpha.
\n
Cybertruck.CNBC reported Musk said Tesla can make 125,000 Cybertrucks per year \u2014 and would be able to make a quarter million per year at some undetermined point in the future. He said demand for the vehicle exceeds the company\u2019s ability to produce them. He patted himself on the back for not \u201cdramatically raising the price,\u201d noted Seeking Alpha.
\n
Competition from China. Musk attributed Tesla\u2019s ability to survive competition from Chinese competition to \u201ctrade barriers,\u201d reported Seeking Alpha.
\n
\n\n\n
In what sounds like a Hail Mary pass, Musk touted the company\u2019s push into robotics. He told investors, \u201cI think we've got a good chance of shipping some number of Optimus units next year, but like I said, this is a brand new product. When there's a lot of uncertainty in your uncharted territory, it's obviously impossible to make a precise prediction,\u201d noted Seeking Alpha.
\n\n\n
To be sure, Musk faces competition. Rivals include Boston Dynamics, Agility Robotics and Figure. \u201cOther robotics companies such as Sanctuary, Apptronik, 1X, Fourier and Unitree are all working on dexterous manipulation hardware, mimicking human hands,\u201d CNBC reported.
\n
Tesla\u2019s Weak Customer Value Proposition
\n
With gasoline prices having fallen substantially, relatively high EV prices, long charging times, and range anxiety are among the significant negatives EV makers must overcome.
\n
Tesla has not helped itself by betting on the over-priced Cybertruck rather than responding to the successful strategies of Chinese companies such as EV giant BYD that gained market share by making affordable EVs, according to the Wall Street Journal,
\n
Tesla\u2019s competitive disadvantage has grown. As I wrote last December, the Cybertruck \u2014 announced last November \u2014 featured 50% less range (250 miles) and was priced at $60,990, noted Wired, 53% above the amount promised in November 2019.
\n
Nor is the Cybertruck\u2019s design particularly appealing due to the following features:
\n\n
\n
Design: \u201cApocalypse-bunker-on-wheels.\u201d Social media compared the Cybertruck\u2019s design to \u201ca roided-out Blade Runner jalopy and an industrial refrigerator,\u201d noted Streetsblog.
\n
Elevated body. Despite sporting an automatic pedestrian detection system, the Cybertruck\u2019s hood is at chest level for the 6-foot-tall Musk and includes an \u201cAdaptive Air Suspension\u201d that lifts the vehicle another 10.4 inches, Streetsblog reported.
\n
Battering ram on wheels. The Cybertruck\u2019s blunt flat front end, thick \u201carmor\u201d windshield glass and stainless steel edges are so sharp that its approval for sale in Europe is unlikely, noted Streetsblog.
\n
Blinding light, fast acceleration. The Cybertruck\u2019s headlight is a single bar of light which could blind oncoming drivers as it accelerates from \u201czero to 60 miles per hour in 2.6 seconds, which, if true, would mean it has a faster acceleration than most NASCAR and Formula 1 vehicles, with none of the accompanying engine roar to warn anyone that it's coming,\u201d Streetsblog wrote.
\n
\n\n
To be fair, Tesla intends to build less expensive vehicles. Bloomberg reported that will not happen until the second half of 2025 in Austin and then Mexico. That would help Tesla attract buyers who cannot afford to pay $39,000 for the average U.S. EV.
\n
\u201cThat will be a challenging production ramp,\u201d Musk said of the next-generation vehicle. \u201cOnce it\u2019s going, it will be head and shoulders above any other manufacturing technology that exists anywhere in the world. It\u2019s next-level,\u201d wrote Bloomberg.
\n
Musk Wants To Do Something Else
\n
Musk has distracted himself from Tesla with his acquisition of Twitter (now X) and his eagerness to build a Generative AI rival to OpenAI and others. He seems to be holding Tesla\u2019s board hostage \u2014 demanding an increase in his stake from 13% to 25% of the company so he can turn Tesla into a leader in AI and robotics, according to Bloomberg.
\n
This raises many questions: If Musk does not get what he wants, will he leave Tesla? Will he sell the company to a rival more interested in competing in the EV market? Why would Tesla\u2019s board reward Musk for spending more time on AI and robotics and less time repairing what ails the EV maker?
\n
Analysts Cut Tesla Stock Price Targets
\n
Analysts are not optimistic about Tesla\u2019s prospects, with some sounding particularly pessimistic. \u201cTesla is signaling that the days of 50% or even 30% to 40% growth year-over-year is not going to happen in 2024,\u201d said Seth Goldstein, a Morningstar research analyst, in a Bloomberg interview.
\n
Brokers reduced their price target for Tesla. Barclays cut its price target from $250 to $225. \u201cNot as bad as feared, but a cloudy path ahead reinforces some downside risk for now,\u201d Barclays analysts wrote in a note on Thursday. RBC analysts slashed their price target from $300 to $297 while Canaccord Genuity reduced its price target to $234 from $267, according to CNBC.
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+ "page_name": "With Tesla Stock Down 25% In 2024, It\u2019s Time To Take Your Profits",
+ "page_url": "https://www.forbes.com/sites/petercohan/2024/01/25/tesla-stock-price-down-25-in-2024-time-to-take-your-profits/",
+ "page_snippet": "The electric carmaker said vehicle volume growth in 2024 "may be notably lower" than the rate observed last year.Feb 7, 2024,12:15pm ESTWhat To Expect From Ralph Lauren\u2019s Q3 After Stock Up 40% Since 2023? Feb 7, 2024,11:48am ESTHow To Find The Best Sector ETFs 1Q24 ... Opinions expressed by Forbes Contributors are their own. ... Click to save this article. You'll be asked to sign into your Forbes account. ... FREMONT, CALIFORNIA - APRIL 20: In an aerial view, Tesla cars sit parked in a lot at the Tesla ... Tesla reported first quarter earnings that far exceeded analyst expectations with revenue of $18.76 billion compared to expectations of $17.80 billion. (Photo by Justin Sullivan/Getty Images)Getty Images ... TSLA missed expectations and lowered guidance in its latest earnings report. The company\u2019s stock fell 10% in early trading January 25, and analysts cut their price targets. The company\u2019s stock fell 10% in early trading January 25, and analysts cut their price targets. There are many reasons to dump Tesla stock \u2014 the most important of which are its weak customer value proposition and CEO Elon Musk\u2019s urge to focus more time on artificial intelligence and robotics. After the stock doubled in 2023, investors should consider taking their profits. Investors who hold on to Tesla shares will suffer.",
+ "page_result": "With Tesla Stock Down 25% In 2024, It\u2019s Time To Take Your Profits
BETA
This is a BETA experience. You may opt-out by clicking here
FREMONT, CALIFORNIA - APRIL 20: In an aerial view, Tesla cars sit parked in a lot at the Tesla ... [+] factory on April 20, 2022 in Fremont, California. Tesla reported first quarter earnings that far exceeded analyst expectations with revenue of $18.76 billion compared to expectations of $17.80 billion. (Photo by Justin Sullivan/Getty Images)
Getty Images\n
Tesla\n TSLA\n missed expectations and lowered guidance in its latest earnings report. The company\u2019s stock fell 10% in early trading January 25, and analysts cut their price targets.
\n\n\n
There are many reasons to dump Tesla stock \u2014 the most important of which are its weak customer value proposition and CEO Elon Musk\u2019s urge to focus more time on artificial intelligence and robotics.
\n\n
After the stock doubled in 2023, investors should consider taking their profits. Investors who hold on to Tesla shares will suffer.
\n\n
Tesla\u2019s Weak Performance And Prospects
\n\n
On Wednesday, Tesla provided investors a disappointing fourth quarter report and delivered weak guidance for 2024.
\n\n
Here are the key figures:
\n\n
\n
Q4 Revenue: $25.17 billion \u2014 up 3% from Q4 2023 and about $500 million short of LSEG expectations. A \u201creduced average selling price following steep price cuts around the world in the second half of the year\u201d contributed to the meager revenue growth, according to CNBC.
Q4 Net Income: $7.9 billion \u2014 more than double the Q4 2023 amount with help from a $5.9 billion \u201cone-time noncash tax benefit,\u201d noted CNBC.
\n
2024 Vehicle Volume Forecast: Electric vehicle volume growth in 2024 \u201cmay be notably lower\u201d than the rate observed last year \u2014 Tesla \u201cshipped 1.8 million cars in 2023,\u201d CNBC wrote. The absence of a specific 2024 production target departs from previous years. In 2023, deliveries rose 38% \u2014 well short of the 50% target. Analysts predict a 20% increase in 2024, noted Bloomberg.
Musk had much to say in Tesla\u2019s earnings conference call. Here are what I think of as his lame excuses:
\n\n
\n
Weak growth. Musk said the company is \u201cbetween two growth curves\u201d \u2014 one that began with the global expansion of Model 3 and Y, and the next, \u201cwhich will happen in the second half of 2025 following the launch of the next-generation vehicle platform,\u201d noted Seeking Alpha.
\n
Low margin. Musk blamed interest rates for Tesla\u2019s low margins. He said high interest rates make \u201clots of people who want to buy our car\u201d unable to afford to pay the price. \u201cIf the interest rates come down quickly, I think margins will be good. And if they don't come down quickly, they won't be that good,\u201d he said, according to Seeking Alpha.
\n
Cybertruck.CNBC reported Musk said Tesla can make 125,000 Cybertrucks per year \u2014 and would be able to make a quarter million per year at some undetermined point in the future. He said demand for the vehicle exceeds the company\u2019s ability to produce them. He patted himself on the back for not \u201cdramatically raising the price,\u201d noted Seeking Alpha.
\n
Competition from China. Musk attributed Tesla\u2019s ability to survive competition from Chinese competition to \u201ctrade barriers,\u201d reported Seeking Alpha.
\n
\n\n\n
In what sounds like a Hail Mary pass, Musk touted the company\u2019s push into robotics. He told investors, \u201cI think we've got a good chance of shipping some number of Optimus units next year, but like I said, this is a brand new product. When there's a lot of uncertainty in your uncharted territory, it's obviously impossible to make a precise prediction,\u201d noted Seeking Alpha.
\n\n\n
To be sure, Musk faces competition. Rivals include Boston Dynamics, Agility Robotics and Figure. \u201cOther robotics companies such as Sanctuary, Apptronik, 1X, Fourier and Unitree are all working on dexterous manipulation hardware, mimicking human hands,\u201d CNBC reported.
\n
Tesla\u2019s Weak Customer Value Proposition
\n
With gasoline prices having fallen substantially, relatively high EV prices, long charging times, and range anxiety are among the significant negatives EV makers must overcome.
\n
Tesla has not helped itself by betting on the over-priced Cybertruck rather than responding to the successful strategies of Chinese companies such as EV giant BYD that gained market share by making affordable EVs, according to the Wall Street Journal,
\n
Tesla\u2019s competitive disadvantage has grown. As I wrote last December, the Cybertruck \u2014 announced last November \u2014 featured 50% less range (250 miles) and was priced at $60,990, noted Wired, 53% above the amount promised in November 2019.
\n
Nor is the Cybertruck\u2019s design particularly appealing due to the following features:
\n\n
\n
Design: \u201cApocalypse-bunker-on-wheels.\u201d Social media compared the Cybertruck\u2019s design to \u201ca roided-out Blade Runner jalopy and an industrial refrigerator,\u201d noted Streetsblog.
\n
Elevated body. Despite sporting an automatic pedestrian detection system, the Cybertruck\u2019s hood is at chest level for the 6-foot-tall Musk and includes an \u201cAdaptive Air Suspension\u201d that lifts the vehicle another 10.4 inches, Streetsblog reported.
\n
Battering ram on wheels. The Cybertruck\u2019s blunt flat front end, thick \u201carmor\u201d windshield glass and stainless steel edges are so sharp that its approval for sale in Europe is unlikely, noted Streetsblog.
\n
Blinding light, fast acceleration. The Cybertruck\u2019s headlight is a single bar of light which could blind oncoming drivers as it accelerates from \u201czero to 60 miles per hour in 2.6 seconds, which, if true, would mean it has a faster acceleration than most NASCAR and Formula 1 vehicles, with none of the accompanying engine roar to warn anyone that it's coming,\u201d Streetsblog wrote.
\n
\n\n
To be fair, Tesla intends to build less expensive vehicles. Bloomberg reported that will not happen until the second half of 2025 in Austin and then Mexico. That would help Tesla attract buyers who cannot afford to pay $39,000 for the average U.S. EV.
\n
\u201cThat will be a challenging production ramp,\u201d Musk said of the next-generation vehicle. \u201cOnce it\u2019s going, it will be head and shoulders above any other manufacturing technology that exists anywhere in the world. It\u2019s next-level,\u201d wrote Bloomberg.
\n
Musk Wants To Do Something Else
\n
Musk has distracted himself from Tesla with his acquisition of Twitter (now X) and his eagerness to build a Generative AI rival to OpenAI and others. He seems to be holding Tesla\u2019s board hostage \u2014 demanding an increase in his stake from 13% to 25% of the company so he can turn Tesla into a leader in AI and robotics, according to Bloomberg.
\n
This raises many questions: If Musk does not get what he wants, will he leave Tesla? Will he sell the company to a rival more interested in competing in the EV market? Why would Tesla\u2019s board reward Musk for spending more time on AI and robotics and less time repairing what ails the EV maker?
\n
Analysts Cut Tesla Stock Price Targets
\n
Analysts are not optimistic about Tesla\u2019s prospects, with some sounding particularly pessimistic. \u201cTesla is signaling that the days of 50% or even 30% to 40% growth year-over-year is not going to happen in 2024,\u201d said Seth Goldstein, a Morningstar research analyst, in a Bloomberg interview.
\n
Brokers reduced their price target for Tesla. Barclays cut its price target from $250 to $225. \u201cNot as bad as feared, but a cloudy path ahead reinforces some downside risk for now,\u201d Barclays analysts wrote in a note on Thursday. RBC analysts slashed their price target from $300 to $297 while Canaccord Genuity reduced its price target to $234 from $267, according to CNBC.
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