Tesla (TSLA) Stock Prediction & Analysis: Wall Street Sees Recovery Chances Despite Brutal Q1
TLDR
- Tesla stock up 1.5% in premarket after falling 38% year-to-date and 41% since inauguration
- Q1 deliveries missed expectations with 337,000 units, down 13% from previous year
- Analysts cite CEO’s political activities, competition, and aging product lineup as factors
- New affordable model in Q2 and Austin robotaxi launch in June viewed as key recovery catalysts
- Average analyst price target of $305.93 suggests 21% upside potential despite mixed ratings
Tesla shares gained ground in Monday’s early trading session, offering a glimmer of hope after months of decline. The electric vehicle giant’s stock rose 1.5% to $256.09 in premarket activity.
Market watchers are looking ahead to Tesla’s imminent earnings report with…
