Tesla Stock Price Prediction
Here are my updated Tesla stock price predictions from 2023 to 2040.
Tesla remains the clear leader of the electric vehicle industry while competitors such as Lucid, Rivian, and Nio are struggling to catch up to Tesla’s massive lead.
TSLA Price Prediction from 2023 to 2040
According to Morningstar, Tesla stock has achieved a 55% CAGR over the last 10 years. I don’t expect Tesla to grow at the same rate in the future but the company does have an impressive pipeline of high margin products that could fuel further stock gains in the future.
Assuming Tesla grows its revenue between 40 to 50% over the next few years, I expect TSLA stock to achieve a 50% CAGR over the next 7 years.
| Year | Average Price |
|---|---|
| 2023 | $300 |
| 2024 | $450 |
| 2025 | $675 |
| 2026 | $1,012 |
| 2027 | $1,518 |
| 2028 | $2,278 |
| 2029 | $3,417 |
| 2030 | $5,125 |
Overview
Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003 by entrepreneur Elon Musk. The company designs, manufactures, and sells electric cars, energy storage systems, solar panels, and related products. Tesla’s mission is to accelerate the world’s transition to sustainable energy, and it has quickly become one of the most recognizable brands in the world.
TSLA Stock Price Prediction for 2023
2023 is an important year for Tesla as the company works tirelessly to keep up with growing demand. Elon Musk mentioned on the Q4 2022 earnings calls that demand was “2x as much as the company’s production”. I expect Tesla to deliver 1.8 million EVs and approach around $130 billion in annual revenue.
| Price | Details |
|---|---|
| Fair value: $300 | Tesla finishes the year with a $1 trillion market cap and will be on track to hit 2 million EV deliveries in 2024 |
| Bull Case: $350 | Tesla demand soars and the Fed lowers interest rates in the 2nd half of 2023. Tech stocks go up as a result. |
| Bear Case: $250 | Tesla continues increasing FCF and net income but further interest rate hikes limit its upside. |
