Tesla (TSLA) stock forecast for 2023 and beyond

The electric vehicle manufacturer, Tesla, is one of the most famous companies in the world. This page offers up the very latest Tesla price predictions to help you time your investment into it.
Updated: Oct 13, 2022

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.

StockAverage price targetHighest targetLowest targetMajority guidance
Tesla (TSLA)$830$1400$250Buy
Analyst price targets for Tesla stock, updated 18 March, 2022

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.

Min. Deposit
$ 10
User Score
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
Min. Deposit
$ 0
User Score
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
Min. Deposit
$ 100
User Score
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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 Inc (NASDAQ: TSLA) is in focus this morning after Moody’s raised its credit rating to investment grade. Reasons for the upgrade to Baa3 rating The electric vehicles manufacturer now enjoys a Baa3 rating at Moody’s. The credit rating firm was elevated by the fact that Tesla Inc has…
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.