- Tesla’s China-made vehicle sales see a 6% year-on-year decline in April.
- European markets show significant sales drops, with the UK and Germany leading.
- Analysts provide mixed forecasts, with a «Hold» consensus rating for Tesla stock.
Tesla (TSLA, Financial) is navigating a challenging market landscape as it reported a 6% year-on-year decline in April for sales of its China-made vehicles, with total sales reaching 58,459 units. This drop marks the seventh consecutive monthly decrease amid intensifying competition. Meanwhile, Tesla’s performance in Europe is also under pressure, with sales in April plunging by 62% in the UK and 46% in Germany.
Wall Street Analysts Forecast
Forty-four analysts have set a one-year price target for Tesla Inc (TSLA, Financial), averaging at $282.94. The forecasts range from a high of $452.00 to a low of $19.05, suggesting a potential upside of 2.76% from the current trading price of $275.35. Investors seeking more detailed estimate data can visit the Tesla Inc (TSLA) Forecast page.
In terms of brokerage recommendations, Tesla Inc (TSLA, Financial) holds an average rating of 2.7 from 54 firms, translating to a «Hold.» The recommendation scale ranges from 1 (Strong Buy) to 5 (Sell), reflecting a cautious outlook among analysts.
Furthermore, GuruFocus estimates suggest that the GF Value for Tesla Inc (TSLA, Financial) in one year is $269.33. This forecast indicates a possible downside of 2.19% from the current price of $275.35. The GF Value represents GuruFocus’ assessment of the stock’s fair trading value, derived from historical trading multiples, past business growth, and future business performance estimates. For a deeper dive into Tesla’s valuation metrics, refer to the Tesla Inc (TSLA) Summary page.
