#1 - Tesla (NASDAQ:TSLA)
Tesla Inc. (NASDAQ: TSLA) was one of the Magnificent 7 stocks in 2023 but has been one of the worst-performing stocks in 2024. TSLA stock is down 36% in 2024, erasing all of its 12-month gains and then some.
How you feel about Tesla comes down to what you believe Tesla is. If it's only, or primarily, an electric vehicle (EV) company, then Tesla stock may have much farther to fall. However, if you're in the camp that Tesla is a technology company that includes areas like autonomous driving which puts it into the artificial intelligence (AI) conversation. And don't forget that Tesla is the unquestioned leader in the still-emerging EV charging space.
TSLA stock is at 36.6 on the relative strength indicator and is currently one of MarketBeat's lowest-rated stocks. It's also one of the stocks with the most analyst downgrades. However, at its current price of around $155, analysts still give TSLA stock a 26% upside. That means if the stock continues to drop, it could become too attractive for investors to pass up.
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
Read More - Current Price
- $177.46
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 17 Hold Ratings, 7 Sell Ratings.
- Consensus Price Target
- $185.90 (4.8% Upside)
