{"id":49414,"date":"2023-05-11T09:03:33","date_gmt":"2023-05-11T13:03:33","guid":{"rendered":"https:\/\/autosector.com\/?p=49414"},"modified":"2023-05-11T09:03:33","modified_gmt":"2023-05-11T13:03:33","slug":"analyst-forecasts-tesla-stock-280-share-in-year","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=49414","title":{"rendered":"Analyst Forecasts Tesla Shares Will Reach $280 In A Year"},"content":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX<\/a>, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs<\/a>, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!<\/em><\/p>\n

Posted on<\/span>\u00a0EVANNEX on May 11, 2023,\u00a0by<\/span>\u00a0Peter McGuthrie<\/p>\n

Tesla<\/a>\u2019s stock has dropped some in the weeks since the automaker\u2019s Q1 2023 earnings call, with some citing concerns around slowed inventory turnover and price cuts. However, one bullish analyst from Piper Sandler is still banking on the company\u2019s long-term profits, and he expects Tesla\u2019s shares to surge significantly over the next year.<\/p>\n

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Above: A Tesla Model Y (Image: Casey Murphy \/\u00a0EVANNEX<\/a>).<\/em><\/p>\n

Piper Sandler analyst Alex Potter expects Tesla\u2019s shares to jump to $280 in the next 12 months, which would represent over 60 percent in gains,\u00a0The Motley Fool<\/em><\/a>\u00a0reports. Despite recent bearishness, Tesla shares are up almost 40 percent since the beginning of the year, while the S&P 500 index has only jumped 8 percent during the same time.<\/p>\n

The news comes as some analysts have dropped price targets on Tesla\u2019s shares in recent weeks, even including Potter. Many have cited concerns about the company\u2019s dipping profit margins following price cuts across its lineup. Prior to the earnings call, Potter previously held a $300 12-month price target on Tesla\u2019s stock, noting lowered estimates for 2023-2025 in his newest update.<\/p>\n

In response to margin concerns during the earnings call, Tesla CEO Elon Musk emphasized the company\u2019s long-term objectives for autonomy, which he and bulls argue would drive significant profits no matter what margins the vehicles are selling for. Potter holds this view too, as part of his reasoning behind the still-bullish target.<\/p>\n

Although Potter doesn\u2019t expect Tesla\u2019s Full Self-Driving beta to reach total autonomy this year or anytime soon, he still echoes that Musk is right about potential future profits through a\u00a0network of robotaxis<\/a>. He also highlights Tesla\u2019s impressive free cash flow and potential for margin expansion, as well as the automaker\u2019s rare ability to finance its own business compared to much of the industry.<\/p>\n

The $280 price target on Tesla shares represents the fourth-highest of any analyst tracked by\u00a0Bloomberg<\/em><\/a>. Tesla also reported a 15-day supply of inventory vehicles for the first quarter, which the publication notes is considered fairly healthy in the auto industry. Still, the current inventory levels paired with uncertain macroeconomic headwinds are keeping some\u00a0bearish on Tesla<\/a>, as they worry that high supply could risk the company\u2019s more than $500 billion market cap.<\/p>\n

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Tesla remains an important growth stock for many investors, and while there\u2019s no way to tell where the company\u2019s shares are headed, bullish shareholders are looking toward the long term. While price cuts and macroeconomics have made the company’s\u00a0profits rocky in the near term, many expect substantially increased revenue down the road with the improvement of FSD and its subsequent use for robotaxis.<\/p>\n

Sources:\u00a0The Motley Fool<\/em><\/a>\u00a0\/\u00a0Bloomberg<\/em><\/a><\/p>\n

===<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/49414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49414"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/49414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49414"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}