From Nasdaq:



After a significant decline in 2022, Tesla’s stock has more than doubled in 2023, performing better than most other electric vehicle (EV) companies and legacy automakers. Although the stock is still trading below its 2021 record highs, it remains the most highly valued automaker in the world. Despite some missed deadlines and a price war affecting profit margins, Tesla has continued to outperform its competitors in the EV industry, with its charging standard being adopted by other automakers. Analysts are not overly bullish on Tesla heading into 2024, with the stock forecasted to be below its current price, but potential factors that could drive the stock in 2024 include delivery guidance, operating margins, the launch of new models, and progress on full autonomy. Overall, with a positive macro environment, Tesla could potentially regain its trillion-dollar status in 2024.



Original: Tesla Stock 2024 Forecast: Will the Elon Musk-Run Company Break Out to New Highs?