Analyst predicts Tesla stock could rise to $230, with potential to reach $460

From Nasdaq: 2024-05-05 14:06:00

Tesla stock rises as analyst predicts further gains

Cantor Fitzgerald analyst Andres Sheppard is bullish on Tesla (NASDAQ: TSLA) stock, predicting a potential rise to $230 per share, a 27% increase. He highlights self-driving software and lower priced vehicles as key factors for growth. Sheppard sees stock reaching $460 if sales projections are met.

Investing in Tesla and other top stocks

Tesla is among the 10 best stocks recommended by Motley Fool Stock Advisor. Analysts believe Tesla has strong growth potential, but also point out other overlooked investment opportunities. Stock Advisor has a track record of outperforming the market, making their recommendations worth considering.

Read more at Nasdaq: Is Tesla Stock Going to $230? 1 Wall Street Analyst Thinks So.