Musk and the company are also feuding with trade unions in Sweden, Norway, and Denmark, and recently lost a legal action against Sweden’s postal service about using it to deliver license plates to customers. Dockworkers are refusing to unload Tesla shipments that arrive in the country and makers of electrical components are also joining the boycott of Tesla-related work. A large pension fund in Denmark is also showing support by selling off its holdings in the company.
The Pick
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
Key facts
The average prediction of Tesla’s share price for the next 12 months is $245.89
There is a wide range of predictions and recommendations, reflecting uncertainty about the company’s direction
Sales have been weaker than expected, but Tesla’s technology and research has intrigued the market
Erratic and unpredictable, no one ever knows what Elon Musk might do next. And the same seems to be true of his signature company. Tesla has had a successful year in the stock market, with share price climbing above $290 range this summer and offering a year-to-date gain of more than 95%. However, the share price is currently hovering around $240, and there are concerns about the company and market, which are counteracted by overall excitement over Tesla’s technology and plans for the future.
So, what does that mean for its share price at the end of the year? It seems that the best US betting sites are also joining in the uncertainty, as the over/under target for Tesla stock has changed recently at BetOnline (find out more with our BetOnline Review), moving up $2 to its current cutoff of $239.50.
Reasons for Concern
Overall, the market for electric vehicles seems to be softening this year, partly due to concerns about the economy and partly because of high-interest rates in the U.S. Fed’s attempts to slow inflation. Both make the decision to buy a Tesla more difficult than in previous years.
The company’s revenue growth was just 9% in the third quarter, and the growth in automotive revenue was just over half of that—5%. The company has cut prices to cope with high-interest rates, which have also eroded its profit numbers.
Tesla isn’t alone. Electric vehicle manufacturers across the board seem to be struggling with demand, and many companies have cut production of EVs.
Why the Market Likes Tesla
Despite that, Tesla stock has posted gains this year and is currently trading above the year-end over/under cutoff. That’s because investors like Tesla’s technology and plans for the future. Musk’s company has invested heavily in AI in an effort to perfect self-driving cars. Tesla is working on a Robotaxi as well as a robot named Optimus that has people willing to continue buying stock in the company. The cybertruck project also interests investors.
What Could Impact the Share Price
Musk always seems to be involved in some type of situation, and some of the current controversy swirling around him could impact Tesla’s share price. Tesla stock fell last year after Musk sold off a large chunk of his company shares, and Barron’s recently reported that he may be considering another sale sometime next year.
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
Musk and the company are also feuding with trade unions in Sweden, Norway, and Denmark, and recently lost a legal action against Sweden’s postal service about using it to deliver license plates to customers. Dockworkers are refusing to unload Tesla shipments that arrive in the country and makers of electrical components are also joining the boycott of Tesla-related work. A large pension fund in Denmark is also showing support by selling off its holdings in the company.
The Pick
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
The AI technology that has intrigued the market also took a hit when Ganesh Venkataramanan, the Tesla executive in charge of the Dojo supercomputer project, left the company in early December. The computer uses data collected from Tesla cars to train AI for future self-driving vehicles.
The cybertruck has also been plagued by production problems, and demand for the product appears to be lower than expected. Forbes recently speculated that a failure of the cybertruck could end up “dunking Tesla stock”.
Musk and the company are also feuding with trade unions in Sweden, Norway, and Denmark, and recently lost a legal action against Sweden’s postal service about using it to deliver license plates to customers. Dockworkers are refusing to unload Tesla shipments that arrive in the country and makers of electrical components are also joining the boycott of Tesla-related work. A large pension fund in Denmark is also showing support by selling off its holdings in the company.
The Pick
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
Key facts
The average prediction of Tesla’s share price for the next 12 months is $245.89
There is a wide range of predictions and recommendations, reflecting uncertainty about the company’s direction
Sales have been weaker than expected, but Tesla’s technology and research has intrigued the market
Erratic and unpredictable, no one ever knows what Elon Musk might do next. And the same seems to be true of his signature company. Tesla has had a successful year in the stock market, with share price climbing above $290 range this summer and offering a year-to-date gain of more than 95%. However, the share price is currently hovering around $240, and there are concerns about the company and market, which are counteracted by overall excitement over Tesla’s technology and plans for the future.
So, what does that mean for its share price at the end of the year? It seems that the best US betting sites are also joining in the uncertainty, as the over/under target for Tesla stock has changed recently at BetOnline (find out more with our BetOnline Review), moving up $2 to its current cutoff of $239.50.
Reasons for Concern
Overall, the market for electric vehicles seems to be softening this year, partly due to concerns about the economy and partly because of high-interest rates in the U.S. Fed’s attempts to slow inflation. Both make the decision to buy a Tesla more difficult than in previous years.
The company’s revenue growth was just 9% in the third quarter, and the growth in automotive revenue was just over half of that—5%. The company has cut prices to cope with high-interest rates, which have also eroded its profit numbers.
Tesla isn’t alone. Electric vehicle manufacturers across the board seem to be struggling with demand, and many companies have cut production of EVs.
Why the Market Likes Tesla
Despite that, Tesla stock has posted gains this year and is currently trading above the year-end over/under cutoff. That’s because investors like Tesla’s technology and plans for the future. Musk’s company has invested heavily in AI in an effort to perfect self-driving cars. Tesla is working on a Robotaxi as well as a robot named Optimus that has people willing to continue buying stock in the company. The cybertruck project also interests investors.
What Could Impact the Share Price
Musk always seems to be involved in some type of situation, and some of the current controversy swirling around him could impact Tesla’s share price. Tesla stock fell last year after Musk sold off a large chunk of his company shares, and Barron’s recently reported that he may be considering another sale sometime next year.
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
Musk and the company are also feuding with trade unions in Sweden, Norway, and Denmark, and recently lost a legal action against Sweden’s postal service about using it to deliver license plates to customers. Dockworkers are refusing to unload Tesla shipments that arrive in the country and makers of electrical components are also joining the boycott of Tesla-related work. A large pension fund in Denmark is also showing support by selling off its holdings in the company.
The Pick
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
The AI technology that has intrigued the market also took a hit when Ganesh Venkataramanan, the Tesla executive in charge of the Dojo supercomputer project, left the company in early December. The computer uses data collected from Tesla cars to train AI for future self-driving vehicles.
The cybertruck has also been plagued by production problems, and demand for the product appears to be lower than expected. Forbes recently speculated that a failure of the cybertruck could end up “dunking Tesla stock”.
Musk and the company are also feuding with trade unions in Sweden, Norway, and Denmark, and recently lost a legal action against Sweden’s postal service about using it to deliver license plates to customers. Dockworkers are refusing to unload Tesla shipments that arrive in the country and makers of electrical components are also joining the boycott of Tesla-related work. A large pension fund in Denmark is also showing support by selling off its holdings in the company.
The Pick
There are plenty of reasons to like Tesla and plenty of reasons for concern. As a result, analysts are all over the place when it comes to the future of the stock price. When asked for a 12-month prediction, a group of 33 analysts came to an average predicted share price of $245.89. However, the range of those predictions goes from a high of $380 to a low of $85, so even the experts don’t know what to expect from the company.
As a result, recommendations from Wall Street are also all over the place. Of the group of analysts that predicted the future price, 13 recommended Tesla as a “Hold”, 14 had it as a “Buy” and six recommended “Sell”.
So, what to do with Tesla stock? In the short run, it seems like you could place a bet at any of the main US betting sites and still be safe. The stock has survived the run of bad news so far, and the promise should still continue to outpace concern at least until the end of 2023.
Tesla to end the year over $239.50 (-115) at BetOnline.
Shawn West
Shawn West has been involved with college basketball, NFL and college football and MLB since he left his job as bank vice president two decades ago. He lives in North Carolina with his wife, children, two dachshunds and a variety of turtles.
Every book is graded across 27 weighted criteria — payouts, integrity, market depth, support, and more.
Real-money test deposits
90-day payout audit
Odds comparison across 14 markets
ON THIS PAGE
Digital Wager Wire is a leading source of online betting news, banking, politics, and cryptocurrency as it relates to betting with offshore sportsbooks.
