Will Tesla stock close below $200 before the end of 2023? Currently the stock has several upgrades, but volatility in the stock market could challenge its growth. What will you decide?
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There are numerous factors that can benefit Tesla stock in the coming months. First, the macroeconomic environment is likely to improve. Second, the federal government has helped Tesla lower its prices. Third, competitors are accepting Tesla's charging stations, and finally, Tesla's cybertruck and energy businesses are doing well. Considering these and other macroeconomic factors, Tesla is expected to reach $281 by the end of this year. Although Tesla's stock has fallen to 12.9% in the last month, Tesla's stock has gained 30.2% in the last 6 months. Also, Tesla's net buy rating was 56.2% positive on October 27. Currently, Tesla stock is trading below the $210 support level, which could indicate that the stock is in a bearish moment. Although this is true and some analysts see Tesla's stock price falling below $200, the growth of the EV market, expansion of capacity and it's new products can boost the stock and avoid falling below the $200 price (Singh, 2023).
https://crowdwisdom.live/us-stocks/tesla-stock-forecast-2023/
@JoseEduardoBolanoss Besides Tesla’s fundamentals, are you taking the overall stock market into consideration? We have inflation that still is not in control, Interest Rates are at 8%, and we are in the middle of an election cycle with causes the market to swing dramatically. Tesla as a company is great, but the overall economy is my reasoning for my outlook for a below $200 price target.
There's a big possibility that Tesla's stock could be higher than $200 & hit $300 by the end of this year. Elon Musk claimed that by the company will start deliveries of its highly anticipated Cybertruck later this year (source). Therefore, it seems to be in place that the forecast of Tesla's stock is around $300.
Source: https://www.fool.com/investing/2023/08/24/can-tesla-stock-hit-300-by-the-end-of-2023/
@deagol Therefore my understanding is that if Tesla (TSLA) ends a trading day below 200 (excluding after-hours) on any day before the end of this year, the market will resolve yes.