Tesla Stock Forecast & Price Prediction: 2021 and Beyond

Tesla stock (NASDAQ:TSLA) has been on fire for a long time. Its share price rose by 695% during 2020, making Elon Musk the richest person in the world. The Tesla Motors stock value is included on major US indices, such as NASDAQ and the S&P 500 Index. And after a period of consolidation, which started at the beginning of 2021, the company appears to be on course to strengthen its positions.

Tesla is the undisputed leader in electric vehicles (EVs) anyway. It remains to be seen whether this will still be the case in the coming years in a market where many other brands are also strongly producing their own EVs. One thing is certain: electric cars are the future and a fast-growing segment of car sales, which is evident from the Tesla share forecast. 

The article covers the following subjects:

The ticker symbol “TSLA” stock is slated to become the most talked-about stock of 2021 and perhaps also in 2022. TSLA is probably the most pressed symbol on any investment platform. The Tesla share price forecast has risen so much that some investors are afraid of heights. Is this right? Or are they just missing an opportunity out of a thousand? We’ll take a look at it in this Tesla stock price prediction and financial outlook.

A Short History of Tesla

Tesla first went public in 2010, offering its 13.3 million Tesla shares for just $17 per share. Now here’s the fact; at the beginning of November 2021, Tesla’s stock was valued at over $1,000! This represents an increase of more than 6,300% in a short period of time of just 10 years! With a market cap of approximately $1 trillion, there is no doubt that Tesla is the world’s largest automaker by value, even outperforming giant premium brands such as Toyota and General Motors.

While the entire world suffered from the economic effects of COVID-19, Tesla reported a sharp 71% increase in vehicle production in the fourth quarter compared to the same quarter last year. Most people thought Tesla’s goal of producing 500,000 vehicles by 2020 was nearly impossible. The California carmaker almost managed to reach its target by producing 499,647 cars by 2020.

The shares reached an all-time high on November, 4, 2021, when the closing price was $1,229.91. The current price of Tesla stock (NASDAQ:TSLA) is 1 090.27.

And the company keeps doing everything possible to push its stock price. For example, Tesla plans to grow aggressively, expanding deliveries by more than 50% each year over a multi-year horizon. Production facilities in Berlin and Texas, expected to be open by the end of 2021 or at the beginning of 2022, are likely to boost near-term growth. The release of the Cybertruck, Tesla’s new pickup, is expected by December 31, 2022. This may support the stock’s value in the long run. Tesla keeps showing its resilience to even the most adverse scenarios, thus remaining a very attractive bet for long-term investing. Reasons for this lie in the combination of a robust balance sheet, appealing valuation metrics, a largely untapped total addressable market coupled with a management team that boldly faces challenges while demonstrating its capacity to live up to its promises.

Tesla Stock Price Today

On the chart below you can always track the current price, updated online. Also, it’s possible to do  technical analysis, using various indicators (for instance, stock trading volume) and tools that will save you time. 

Tesla Stock Forecast: Price Predictions by Experts

According to the 12-month price forecast based on opinions of 23 analysts, the average projection is $828.05, maximum forecast is $1,400.00, and minimum forecast is $160.00. 

As for analyst recommendations, 9 analysts out of 22 still recommend strong buy, 3 analysts are for buy, 8 analysts are not sure about the future price direction and recommend holding stocks, none of the experts  gives advice to sell, and 2 analysts are for strong sell.

Ryan Brinkman, JP Morgan

Ryan Brinkman at JP Morgan kept the strong sell rating but raised the price target to $160 from $155. This prediction is very pessimistic for Tesla shares.

Patrick Hummel, UBS

Patrick Hummel at UBS is also negative about Tesla’s future price. Although he targets a price of $660, it’s below the previous forecast of $730, the rating is to hold.

Jed Dorsheimer, Canaccord Genuity

Jed Dorsheimer at Canaccord Genuity is more optimistic about estimated stock growth. The average price target is set above the previous forecast ($1,040 vs. $940), the analyst maintains a strong buy rating.

Colin Langan, Wells Fargo

Colin Langan at Wells Fargo says to hold the stocks and sees the price higher than he did before – at $860.00 this year (vs. $660.00 before). 

Dan Levy at Credit Suisse

Dan Levy at Credit Suisse sets the expected price at $830 but says to hold the stocks. Thus, Tesla stocks may be not the best investment. 

According to a recent Tesla announcement, they sold 241,300 vehicles in the third quarter globally. 627,300 vehicles have been delivered this year so far. As a result, the company beat the record of 499,550 set last year. These sales volumes are up 73% year over year (YoY) and 20% quarter over quarter (QoQ). If we look at Tesla’s growth over the past 3 years, we see that sales have grown from $21.46 billion in 2018 to $31.54 billion last year at a 21.1% CAGR, and its deliveries have increased at a compounded annual growth rate of 42.4%. What’s more, due to lower comps and higher sales volumes, the company’s results have doubled during the first semester of 2021 compared to the same period in 2020.

No share rose in value as much in 2020 as Tesla’s did. CEO Elon R. Musk did not do any harm. Thanks to his Tesla shares, he can now call himself the richest man in the world.

Of course, Tesla isn’t unique, and it also suffers difficulties. Despite the sales growth, their average price declined by 6% as the company had to sell more of the cheaper Models 3 and Y and fewer of the more expensive Models S and X. Another thing that affected the company’s fortune is the depreciation of Bitcoin that resulted in an impairment charge of $51 million.

Tesla Stock Technical Analysis

Let’s start a technical analysis of Tesla stocks by examining the monthly prediction chart to determine the general market sentiment.

There has been a bullish trend on the TSLA chart since May 2010. Tesla projected growth potential was confirmed by rising trading activity until February last year.

Since the spring of 2020, the trading volumes for TSLA stocks began to fall sharply, and the price chart has been showing the sideways since the beginning of 2021. It should be noted that the uptrend line has not been broken out and there are chance for further growth.

Hence, we can conclude that the market is currently in a state of uncertainty. At the same time, future Tesla rate decline is as likely as possible growth due to a sharp decline in buyers’ activity. A breakout of the blue trend line and the support level around 540 dollars will confirm the future price decline. 900 USD serves as the strongest resistance level for the bulls. Its breakout will be a very important signal for buyers.

TSLA stock forecast for next three months

It is more convenient to make a Tesla stock forecast for the next three months on the daily timeframe.

Let’s conduct a more in-depth Tesla analysis. 5 zones can be designated on the technical chart after imposing a grid of Fibonacci channels on the price movement vector and dividing the entire trend lifecycle into several conditional phases:

  • Zone 1 is where the local bullish trend starts and ends.

  • Zone 2 and 4 are consolidation phases.

  • Zone 3 is an area of ​​dynamic development. Tesla projected stock price is extremely high here. The price seems to slip through this zone.

  • Zone 5 consists of the overbought zone and ​​bullish trend highs.

At the moment, a tension can be observed on the border between the first and second zones.

MACD curves are located close to the zero zone, and the angle of their movement is minimal. At the same time, Tesla price history chart shows divergence in relation to the rising price, which indicates a weakening bullish potential. 

With a high probability, buyers will not be able to stay above 725 USD and there will be a return to the first zone. Thus, Tesla future value may be stuck in the price range of 650 – 750 USD. 

This situation will not last long. Already at the end of November, an exit from the triangle may occur, which can serve as a trigger for larger-scale movements.

Monthly Tesla price forecast for 2021/2022

To make realistic Tesla stock predictions for the next twelve months, let’s study Tesla trend changes and draw projections for each month using Bollinger Bands.

In the price chart above, the orange squares depict the projected value of TSLA shares for each period.

According to the three-month forecast, bullish impulse can occur already in November with a transition to the second zone. Until the end of the year, TSLA shares may test the all-time high around 900 USD. The range between 900 USD and 1000 USD is extremely complex from the point of view of market psychology. If the pressure from buyers persists, consolidation is likely to occur within 5-6 months at the indicated levels.

If support from the global trend continues, then in the second quarter the bulls will be ready to break through new highs. There may be an exit from the second zone with a quick transition to the third, which will become a consolidation zone for a new cycle of the bullish trend development. The target of this scenario is in the range of 1200 – 1300 USD with the implementation period until the end of 2022.

The table below provides more specific minimum and maximum values of expected TSLA trading range for each month.

Month

TSLA Price

Minimum

Maximum

December

2021

795

905

January 

2022

790

885

February

2022

800

885

March

2022

820

960

April

2022

915

1160

May

2022

1110

1285

June

2022

1200

1325

July

  2022

1190

1300

Long-term TSLA trading plan

Let’s draw up the optimal long-term trading strategy for Tesla stocks for the next year based on the technical analysis.

Before making deals, I recommend waiting for the price rebound from the trend line. It is reasonable to enter a long (buy) trade after the chart crosses the psychological level of 700 USD, near which one of the nearest local maximums is located. The approximate price level at which it is worth entering the market is marked with a blue line.

It is profitable to place the stop loss below the trend line and move it up with the development of the global trend. A relatively safe place for stop loss is below 600 USD. If you intend to trade on relatively short periods, then the probable target will be 870 USD, which is just below the resistance level of 900 USD.

Do not exit long-term trades until a signal for a trend reversal appears, as there is a good chance to update maximums and reach the 1300 USD zone within the next 12 months.

TSLA technical analysis is presented by Mikhail Hypov.

Tesla Stock Price Forecast: 2022 – 2023

If analysts’ predictions for 2021 come true, the bullish trend for Tesla stock will be kept in 2022.

Wallet Investor

According to Wallet Investor’s Tesla stock predictions, the opening price for January 2022 is $1,053.420, the closing price for December is $1,418.220. Although the source has increased its volatility forecast, the maximum difference between the minimum and maximum prices is around $37, with the biggest difference being $51. The overall volatility degree can’t be called high. 

In 2023, the uptrend is expected to continue. Starting the year at $1,424.070, the price will move up to $1,789.230 (closing December price). Volatility will also be low.

Date

Opening Price

Closing Price

Minimum

Price

Maximum

Price

January 2022

1053.420

1092.880

1053.420

1092.880

February 2022

1093.190

1105.000

1093.190

1105.000

March 2022

1104.610

1121.780

1103.830

1121.780

April 2022

1122.520

1155.000

1122.520

1155.110

May 2022

1156.960

1174.380

1156.410

1174.380

June 2022

1175.880

1212.920

1175.880

1212.920

July 2022

1213.970

1243.590

1213.970

1243.590

August 2022

1247.790

1284.900

1247.790

1284.900

September 2022

1285.540

1311.410

1285.540

1311.450

October 2022

1314.170

1365.290

1314.170

1365.290

November 2022

1366.200

1378.760

1366.200

1378.760

December 2022

1380.050

1418.220

1380.050

1418.220

 

Date

Opening Price

Closing Price

Minimum

Price

Maximum

Price

January 2023

1424.070

1465.150

1424.070

1465.150

February 2023

1465.960

1477.450

1465.960

1477.820

March 2023

1477.560

1493.710

1476.680

1493.710

April 2023

1498.730

1527.240

1498.730

1527.260

May 2023

1529.460

1546.980

1529.120

1546.980

June 2023

1548.100

1584.770

1548.100

1584.770

July 2023

1590.650

1619.210

1590.650

1619.210

August 2023

1619.940

1657.240

1619.940

1657.240

September 2023

1657.570

1683.580

1657.570

1683.630

October 2023

1686.220

1737.380

1686.220

1737.380

November 2023

1738.840

1750.950

1738.840

1750.950

December 2023

1751.920

1789.230

1751.920

1789.230

The Economy Forecast Agency

The Economy Forecast Agency is rather optimistic about the next year. The price will rise at a pretty confident pace. The closing price for December 2022 is $1,670. 2023 seems to be even more promising for Tesla stocks, according to the source. Although the website provides forecasts only for the first eleven months of 2023, the projected stock price for the end of November is 2,678 US dollars. The $2,000 threshold will be broken in April 2023.

Year

Month

Min

Value

Max

Value

Close Price

2022

Jan

994

1120

1057

2022

Feb

1043

1177

1110

2022

Mar

1096

1236

1166

2022

Apr

1111

1253

1182

2022

May

1167

1315

1241

2022

Jun

1209

1363

1286

2022

Jul

1269

1431

1350

2022

Aug

1299

1465

1382

2022

Sep

1355

1529

1442

2022

Oct

1423

1605

1514

2022

Nov

1495

1685

1590

2022

Dec

1570

1770

1670

2023

Jan

1633

1841

1737

2023

Feb

1660

1872

1766

2023

Mar

1743

1965

1854

2023

Apr

1830

2064

1947

2023

May

1921

2167

2044

2023

Jun

2017

2275

2146

2023

Jul

2118

2388

2253

2023

Aug

2224

2508

2366

2023

Sep

2283

2575

2429

2023

Oct

2397

2703

2550

2023

Nov

2517

2839

2678

Long-Term Tesla stock Price Prediction: 2025-2030

The next five years could bring a significant increase to Musk’s business.

Wallet Investor

According to Wallet Investor, at the beginning of 2025, the opening price will be $2,168.610. The closing price of December is $2,539.390. Volatility will stay in the usual range. The source provides the prediction only for the first eleven months of 2026. The opening price as of January 2026 is $2,540.760, the closing price for November is 2,860.060 US dollars.

Date

Opening price

Closing price

Minimum price

Maximum price

January 2025

2168.610

2210.440

2168.610

2210.440

February 2025

2213.490

2222.390

2213.490

2223.330

March 2025

2223.340

2241.030

2222.320

2241.030

April 2025

2241.970

2274.700

2241.970

2274.700

May 2025

2274.730

2291.120

2274.400

2291.120

June 2025

2296.270

2332.250

2296.270

2332.250

July 2025

2333.490

2364.890

2333.490

2364.890

August 2025

2365.470

2401.000

2365.470

2401.000

September 2025

2404.690

2430.650

2404.690

2430.650

October 2025

2431.320

2483.020

2431.320

2483.020

November 2025

2487.220

2493.870

2486.960

2493.870

December 2025

2499.380

2539.390

2499.380

2539.390

 

Date

Opening price

Closing price

Minimum price

Maximum price

January 2026

2540.760

2582.380

2540.760

2582.380

February 2026

2585.480

2595.210

2585.480

2596.000

March 2026

2596.200

2613.150

2595.080

2613.150

April 2026

2614.580

2647.180

2614.580

2647.180

May 2026

2646.920

2662.230

2646.920

2662.230

June 2026

2667.380

2704.290

2667.380

2704.290

July 2026

2706.030

2736.870

2706.030

2736.870

August 2026

2741.490

2776.390

2741.490

2776.390

September 2026

2776.910

2803.470

2776.910

2803.470

October 2026

2803.750

2854.020

2803.750

2854.020

November 2026

2858.920

2860.060

2858.920

2861.830

Coin Price Forecast

Coin Price Forecast is more optimistic about the future of Tesla shares. However, the outlook was reviewed significantly. The source doesn’t expect the stock rate to skyrocket to $10,000. The change in the projection is based on the weak stock performance in the first half of 2021. 

At the beginning of 2025, the price will be near $3,079. By the year’s end, the rate will reach $3,768. In the middle of 2026, the price will go beyond a psychological level of $4,000. And by the end of 2027, it will reach the point of $5,080. By the end of 2030, the price will be at $5,781. Although the growth from the end of 2027 to the end of 2030 in value is not significant, a small uptrend is better than a downtrend.

Year

Mid-Year

Year-End

2025

$3,425

$3,768

2026

$4,107

$4,443

2027

$4,776

$5,080

2028

$5,185

$5,294

2029

$5,408

$5,527

2030

$5,651

$5,781

Billionaire investor Ron Baron believes Tesla, Inc (the company) could be worth $1.5 trillion by 2030.

Please note that such long-term forecasts are very approximate, are considered speculation, and are never reliable investment advice, as they are updated on a daily basis.

How Has the Price of Tesla Stock Changed Over Time?

In order for analysts to make a realistic and reliable Tesla stock prediction, it’s essential to look back at how shares performed during the previous years of its existence. Below is a NASDAQ timeline that shows how the Tesla stock value has changed since the company was founded. Notice the major price explosion around 2020 and 2021!

As the most significant price fluctuations started in 2020, we will consider the events that affected the price from 2020 to 2021. 

In February 2020, the price rallied over 100% since the beginning of the year. However, there were no specific factors that should have boosted the price to such highs. In January, the company reported strong quarterly earnings data. As a result, stocks increased 13% in after-hours trading.

Another factor that could have pushed the price up was price targets set by analysts. For example, when Argus Research updated its price target to $808 on February 3, the stock rate skyrocketed 19%. Shares also reacted to the opinion of billionaire investor Ron Baron who claimedTesla’s revenue could reach $1 trillion in the next decade. In the end, the shares jumped 13%.

After the coronavirus came into effect, the stocks lost value. The price was again below $100. However, the downtrend soon ended . The robust bullish trend lasted from the beginning of April until September 1. 

On August 31, the company held a 5-to-1 split. As a result, the closing price reached its then highest level of $498.32. However, on September 8,Tesla shares suffered their largest loss since going public. The plunge could be caused by the news that the S & P 500 index didn’t include Tesla stocks in the index. The market was shocked. From then until the middle of December 2020, the stocks traded sideways. 

In the new year Tesla stocks started with a new high. As a result, Tesla Inc. became the world’s most valuable carmaker. On January 26, the shares set an all-time high of $883.09. 

The rally finished in the beginning of February. Analysts named several reasons. Firstly, the company had a weak earnings report. Critics considered it as proof that the company couldn’t make money building and selling cars. Increased competition could become the second reason for the stock decline. Tesla’s competitors set ambitious targets for EV sales. The third reason may be hidden in the case with its cheapest version of its Model Y and its best-selling Model 3 cars. The company cut their price by $2,000 each. In a week, the “standard range” version of the Model Y disappeared from Tesla’s site. The company didn’t provide comments. 

The price struggled to form an uptrend from March 9 to April 14. After that, there was a new drop in the price, which lasted until May 19. However, it was not so critical for the stock. From May 20, the price established a new bullish trend. The stock set an all-time high of $1,229.91 on November, 4, 2021.

However, as it has already been mentioned, the Tesla Q2 2021 earnings report showed that the company has overperformed on earnings and revenue. Plus, a renewed interest in green energy and the EV space has been detected recently, which also plays in Tesla’s favor. Finally, Elon Musk is striving to keep up with one of the most powerful trends in the auto market – self-driving technology. The sales of the company’s driver-assistance software seem to be growing  steadily.  As for the third quarter, the growth rate is quite remarkable: over 13%.

The company’s market value managed to overcome a $1 trillion threshold on October 26, 2021. The growth was caused by a deal with the car rental firm Hertz to sell 100,000 vehicles.

Factors That Can Affect the Tesla Stock Price

The price of a share mainly depends on the attitude of the investors to the issuing company. Among the most important factors that will influence a stock’s price are expectations about the company’s results. The demand for Tesla shares on the stock exchange depends on the analysts’ predictions about the company’s profit (or loss).

A company can also increase its value in the market through the assets it owns. Just think of, for example, a patent, a real estate portfolio, a sales exclusivity. Innovation also plays an important role in the success of a company.

Stock market predictions and prices are also influenced by the level and expected evolution of interest rates. After all, at low interest rates, investors will dare to take more risks to obtain higher returns and find their way to the stock exchange more easily.

The sector in which a company operates is also a factor that can cause its price to fluctuate. A healthy company in a sector in difficulty will be negatively impacted by the image of the sector on the market. We are thinking here of the financial values ​​that have become much less credible after the crisis in 2008. And the value of Tesla shares on the stock exchange can also rise or fall due to a radical change that the sector is experiencing. A new product that is released or new habits that consumers adopt are factors that can determine the evolution of a share’s value. Another great opportunity is the consolidation of a sector. A company that acquires other companies in the same sector can establish itself as a market leader and occupy a dominant position there.

In a broader context, the general evolution of the markets can increase or decrease the value of a security. In gloomy markets, as we have known them during the financial crises of 2008 and 2011, even healthy and promising values ​​were sucked into a downward spiral when there was fundamentally nothing wrong with them. In periods of euphoria, the entire market takes part in the increase without being economically justified.

Major economic and political trends can also trigger panic or calm on the stock market and sweep an entire market up or down due to favorable or troubling macroeconomic fundamental occurrences. A country’s fiscal, budgetary and especially monetary measures are more likely to reassure or worry investors.

Consumer habits can also play a role in the potential evolution of a stock price, as with the Tesla stock prediction. Some opportunities are cyclical. Certain sectors that have had to implement restructuring can get out of a cycle of less growth due to more consolidation. Other opportunities are more structural. This is the case, for example, for companies active in education. As emerging countries transition from a predominantly agricultural culture to an industrial and service economy, there is a structural need to improve the educational system. There may then be a strong demand for these companies on the stock exchange.

Some companies are also more sensitive than others to the evolution of the currency. A company that derives a large part of its turnover from exports will experience a rise or fall in the currencies on its turnover, profitability, and stock market price.

As we can see, the stock market price will therefore depend on internal factors: balance sheet structure, profitability, earnings expectations, the share of turnover in exports, capacity to innovate, position in the market relative to competitors, assets. But this evolution will also depend on external factors: the political and macroeconomic situation, as well as the evolution and the perception of the sector in which the company operates. All these factors must, therefore, be correctly approached and analyzed by the investor.

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What Is the Future Price of Tesla Stocks? Are Tesla Stocks a Good Investment?

Tesla was one of the few companies operating in 2020 that managed to make significant profits in these crazy pandemic times. In January 2021, CEO Elon Musk became the richest man in the world and even surpassed Amazon’s CEO Jeff Bezos! The Palo-Alto, California-based electric vehicle manufacturer, is a huge brand in today’s world. The company specializes in manufacturing “future cars” that do not require gasoline or diesel to run.

The ride for Tesla, Inc shareholders appears to be getting more comfortable as the company continues to make a profit and even increase its earnings quarter after quarter. Tesla has grown into the largest producer of high-tech cars in the world. Anyone dealing with the industry in one way or another knows the name of the company. If it continues like this with Tesla, there is no doubt that its shareholders will make huge profits in the future. So, what is the Tesla (TSLA) stock forecast? Below is a Tesla Inc. price prediction table for 2021-2030:

Year

Mid-Year

Year-End

2021

 

$1,530

2022

$1,726

$1,901

2023

$2,010

$2,372

2024

$2,728

$3,079

2025

$3,425

$3,768

2026

$4,107

$4,443

2027

$4,776

$5,080

2028

$5,185

$5,294

2029

$5,408

$5,527

2030

$5,651

$5,781

Source: Coin Price Forecast

During the frenzied pandemic times, it is nearly impossible to believe that while other companies struggled to stay in the market, Tesla’s stock rose over 1,300%! This means that if you had invested $10,000 in Tesla in 2019, your investment would have become over 140,000 by now! It sounds crazy, right? Well, these numbers are nothing yet.

Such an increase means that shareholders get even more profit from Tesla shares. The company generated a whopping $31.5 billion in total revenue in 2020, which was more than enough to push its total value above $1 trillion. Tesla became the fifth company that managed to reach such  value.

However, buying Tesla stock now may not be the best decision as the price just set an all-time high and will pull back for a while. The weak trend at the beginning of the year and low analyst forecasts makes us think about waiting for the end of 2021. If you’re wondering, “should I invest in Tesla,” it’s worth considering stock trading. Do it with a reputable exchange/broker. A good example of this is LiteFinance. A great reason to create a free demo account on LiteFinance! LiteFinance has fact-checked information and a user-friendly platform both for novices and experienced traders.

Tesla Stock Prediction FAQs

Disclaimer: The information in this article is not written for advisory purposes, nor is it intended to recommend investments. Investing involves risks and is no guarantee. You can lose (part of) your investment. We advise you to only invest in financial instruments that match your knowledge and experience. 

Price chart of TSLA in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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