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Tesla (TSLA) stock forecast for 2023 and beyond
This page examines the most up to date price predictions in order to give you an overview of how Tesla’s stock price might change in the future. Compare short term and long term predictions to help you make the best investment decisions.
TSLA stock forecast and price target
A majority of Tesla analysts think you should buy its stock, with many believing the price can rise above $1000. There is a wide disparity in expert opinions, however, and the average price prediction is around $800, thanks to a few determined outliers foreseeing a steep fall back to the $200-$300 range.
The table below provides a short summary of recent forecasts by expert analysts, combined with our own forecasts. We have looked through their targets in order to provide an average and you can scroll down to find more specific year-end predictions.
|Stock||Average price target||Highest target||Lowest target||Majority guidance|
Expert forecasts on the future of Tesla (TSLA)
Below are some views on the stock that you can use in combination with hard numbers elsewhere in this article to form your own opinion on Tesla’s future.
New $1,000 price target (from $725) – no rival to get even close to Tesla in 2022”Patrick Hummel, UBS
We’re beginning to believe that not only will Tesla take that biggest share of the electric vehicle market, we believe that it could take 20% to 25% share of the total auto market in five years,”Cathie Wood, ARK Investment Management
The Tesla you’ll likely see over the next 12 to 18 months would demonstrate the capabilities of the trillion dollar Tesla, emphasizing step-changes in manufacturing, cost reduction […] expansion in capacity, model lineup and services offerings.”Adam Jonas, Morgan Stanley
Short term TSLA stock forecast
Some analysts foresee the stock climbing above $1000 while others see weakness and a fall down below $800. The big question is whether Tesla can continue to justify its current valuation, which is significantly larger than all other automotive manufacturers. Below is a summary of some expert Tesla stock price forecasts for the next two years.
Tesla stock price prediction 2022
Tesla stock could reach $1200 in 2022 if it grows by 35% over the course of the year. That’s the average growth estimate from a group of more than 30 analysts but, it should be noted, not everyone agrees; one of the most bearish predictions comes from JP Morgan’s team of analysts, who set their December 2022 target at $250.
Tesla price prediction 2023
The same 35% growth estimate would have Tesla at around $1600 by 2023. Some forecasts are even more bullish, predicting annual growth of 70%, which would see the price at $2600 by the end of 2023.
Long term TSLA stock forecast
Most longer term Tesla stock forecasts have the stock priced at between $1000 and $5000. You should note that predictions beyond the next couple of years are more speculative but it is possible to estimate the size of the electric vehicle market and price Tesla accordingly. Below are some future price targets for the next decade.
Tesla price prediction 2024
ARK Investment Management had a price target of $1400 for 2024, which they have since suggested might be on the low side. Many predictions are based on the fact that Tesla expects to increase sales by 50% annually, which would help the company to keep increasing its share price up into the thousands of dollars.
Tesla price prediction 2025
$3,000 is one price target for Tesla in 2025, based on their share of the EV market growing considerably over the next few years. ARK analysts estimated that the company could sell around 10 million cars by then, a 20 times increase on its 2020 performance.
Tesla price prediction 2030
Perhaps the most optimistic prediction of all has the Tesla share price at around $45,000 by 2030, a fifty-fold increase on the 2021 figure. The company would be worth $1.5 trillion by that reckoning.
Compare the best places to buy Tesla stock
To buy shares in Tesla you need to create an account with an online stock broker. Sign up to one of the beginner-friendly options below to get started straight away, or scroll down to learn more about the company.
What affects the price of TSLA?
Demand for electric vehicles is the most important factor that affects Tesla. Alongside that, there are a number of other factors which play a role and below you can find a short summary of all the most important ones.
- Electric vehicle sales. Tesla’s main business is selling new vehicles and so demand for them is crucial. Things like climate awareness and the practicalities of owning an electric car and charging it, play a role in that demand. Tesla needs to keep increasing its sales figures to meet investor expectations.
- Supply chains. There are a lot of moving parts, both literally and figuratively, that go into making a Tesla. Along with the raw materials, the supply chain includes things like lithium batteries and semiconductors, and any shortage of those can hold up supply and affect sales.
- Elon Musk. Musk’s personality and actions drive many of Tesla’s price moves. He has crafted a cult of personality which has helped the company succeed but it means that even his tweets – such as creating a poll on whether he should sell stock in the company – can move the market.
- Bitcoin price. Tesla bought a lot of Bitcoin in 2021 so the price of that cryptocurrency can help or hinder the balance sheet quite significantly. A major slump or spike in Bitcoin is likely to have at least some impact on Tesla’s stock price.
- Competition. There are more EV manufacturers than ever entering the market, and traditional motor companies like Ford and General Motors have started to invest heavily in electric vehicles as well. Tesla needs to maintain its competitive edge in order to keep growing its stock price.
How has the Tesla price changed over time?
Tesla stock has surged in value over the last couple of years. Prior to the pandemic, in early 2020, it was trading at $100. Within two years each share was worth over $1000 and the stock broke its all time high twice in 2021.
Those steep rises are a Tesla trademark, as are similar sharp falls in price. While it does particularly well with younger, tech or climate-focused investors, a lot of its price is based on hype, often driven by Musk’s comments. Any negative news can slam the brakes on and it’s not uncommon to see fluctuations of multiple percentage points in a single day.
Tesla stock split
Tesla plans to split its stock in 2022. This is when a company multiplies the total number of shares outstanding and gives all existing shareholders some new stock. Tesla has not disclosed the ratio of the split yet, but in 2020 it split its stock at a 5:1 ratio, which meant that every shareholder received four extra shares (but the monetary value of those shares at the time of the split remained the same as if they owned one).
There can be many reasons for a stock split but in Tesla’s case it is usually to make it easier for the average person to invest in the company. Rather than a share costing $1000, for example, after a 5:1 split each share costs only $200.
Make sure you consider this when you look at Tesla stock price forecasts many years into the future. The stock split still needs to be approved by the company’s shareholders but if it goes through, all future price predictions need to be adjusted accordingly.
What should I do now?
To learn more about how to invest you can visit our pages and guides about stocks, or you can look through our guide on how to buy the Tesla stock. Alternatively, you can use the links below to read the latest Tesla news or click the button to buy shares right away.
Latest Tesla news
Tesla stock price forecast 2023, 2025, 2030: Headwinds and tailwinds
Moody’s upgrades Tesla Inc to investment grade
Tesla stock outlook: ‘this is not Peloton’
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