Why not to buy Tesla stock? (2024)

Why not to buy Tesla stock?

Tesla Stock Falls Amid Growth Concerns

Why is Tesla not a good stock to buy?

Tesla's valuation is too high

And this is a lot to pay for a company with slowing automotive growth and an uncertain path forward in AI. To be clear, Tesla is still a fantastic business with a long track record of overcoming its challenges, but a good company isn't always a good investment.

Is it worth buying stocks in Tesla?

With its 3-star rating, we believe Tesla's shares are fairly valued compared to our long-term fair value estimate. In 2024, we forecast Tesla will see a far slower growth rate, with deliveries increasing just 10% to a little under 2 million, from a little over 1.8 million in 2023.

Why is Tesla stock falling so bad?

Tesla's 2024 decline began with a post-earnings plunge after the company missed Wall Street estimates for quarterly profit and revenue, but the latest selloff coincides with increased controversy surrounding Musk, who has clamored for significantly higher power within Tesla and taken to his X social media platform to ...

Is Tesla a buy right now for long-term?

Tesla Bulls Wary Of 2024

The consensus among analysts for 2024 has Tesla EPS down to $3.31 as of Thursday afternoon. Before Q4 earnings, Wall Street had Tesla 2024 earnings at $3.63 a share. The consensus view is now 12% below where it was at the end of 2023 and has come down 40% since the end of January 2023.

Does Tesla have future?

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.

Is Tesla stock in trouble?

Just over a month into 2024, Tesla (TSLA) has already lost roughly a quarter of its market cap, and the stock is one of the worst-performing S&P 500 Index ($SPX) constituents based on its YTD price action.

What will Tesla stock be worth in 5 years?

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.

Is Tesla a buy hold or a sell?

Tesla's analyst rating consensus is a Hold. This is based on the ratings of 34 Wall Streets Analysts.

Is Tesla a buy or sell or hold?

Tesla stock has received a consensus rating of buy. The average rating score is and is based on 48 buy ratings, 34 hold ratings, and 11 sell ratings. What was the 52-week low for Tesla stock? The low in the last 52 weeks of Tesla stock was 152.37.

Will Tesla stock go up 2024?

This partially explains Tesla's decision to cut its sales prices multiple times in 2023 in an effort to maintain (and grow) its market share. These headwinds will likely persist (if not worsen) in 2024, so it won't be surprising if Tesla reports even slower revenue growth and further margin declines.

What are the best stocks to invest in 2024?

What is the future of Tesla stock?

After outperforming the broader market in 2023, Tesla (TSLA) stock is off to a challenging start in 2024. The shares of this electric vehicle (EV) giant have declined by over 23% year-to-date, pressured by concerns over signs of softer demand for EVs.

What will Tesla be worth 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.

Why did Tesla stock crash?

Shares in Elon Musk's electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance. SIGN UP Want this in your inbox each morning? Get it sent to your inbox.

Will Tesla prices go down in 2024?

Wall Street Is Worried. Tesla (TSLA) is continuing its strategy of offering vehicle discounts and slashing prices early in 2024 as the EV giant attempts to shore up demand.

Is Tesla really profitable?

E-mobility. Tesla ended Q4 2023 with a net income of $7.9 billion and the full year with $15 billion in profits. While Elon Musk's company more than doubled its earnings between 2021 and 2022, this past year's growth was limited partly due to price reductions.

Is Tesla going to make a comeback?

Tesla CEO Elon Musk confirmed on a post-earnings call on Wednesday that the company expects to start production of its next-generation EV at its Texas factory in the second half of 2025.

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 outlook for Tesla in 2024?

Tesla's sales could grow 20% YoY to 25% YoY in 2024, lower than the 30% or 40% levels seen in previous years. Launch of Tesla's compact sub-$25,000 car in 2025 has the potential to increase the company's delivery growth rate. Deployment of Tesla's solar panels and energy storage units expected to surge in 2024.

Does Elon Musk pay himself?

Musk, who founded Tesla in 2003, does not receive a salary from the electric carmaker.

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.

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

If you invested $10,000 with founder Elon Musk 10 years ago, your stake would be worth $2.1 million now. That works out to a more than 70% average annual return. The same $10,000 put into the S&P 500 during that time grew just 274% to $37,376.

How much will Apple stock be worth in 10 years?

Apple long term stock forecast is anticipated to be $315 in 2025, $370 in 2026, $425 in 2027, $465 in 2028, and $480 in 2029. In 2030, analysts anticipate Apple shares will be worth $510.

What are the best long term stocks?