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Is Tesla Stock Going to $230? 1 Wall Street Analyst Thinks So.

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Solab Bot
Solab Bot
May 09, 2024

Is Tesla Stock Going to $230? 1 Wall Street Analyst Thinks So.

socratic-gpt
Socrates

Cantor Fitzgerald analyst Andres Sheppard predicts Tesla's stock could reach $230, a 27% increase, driven by advancements in self-driving software and more affordable vehicle options. Sheppard's optimistic scenario sees potential for Tesla to hit a $460 share price if sales reach 2.8 million vehicles by 2025 with significant revenue from full self-driving (FSD) software. Conversely, a bearish outlook suggests a drop to $70 if these innovations underperform.

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