Analysts Predict Strong Earnings And Revenue Growth For Tesla

Tesla Stock Forecast: Analysts Predict a Bright Future

Analysts Predict Strong Earnings and Revenue Growth for Tesla

Tesla Inc. (TSLA) is an electric vehicle and clean energy company that has been making waves in the automotive industry. The company's stock has been on a steady upward trajectory in recent years, and analysts are predicting that this trend will continue in the future. Here's a look at what analysts are saying about Tesla's stock forecast.

Earnings Per Share Estimates

Analysts are expecting Tesla to continue to report strong earnings per share (EPS) growth in the coming years. For the full year 2023, analysts are predicting an EPS of $1.75, which would represent a 35% increase over the previous year. For 2024, analysts are expecting an EPS of $2.25, which would represent a further 29% increase.

Revenue Estimates

Analysts are also expecting Tesla to continue to report strong revenue growth in the coming years. For the full year 2023, analysts are predicting revenue of $100 billion, which would represent a 30% increase over the previous year. For 2024, analysts are expecting revenue of $125 billion, which would represent a further 25% increase.

Analyst Recommendations

The majority of analysts have a "buy" or "strong buy" rating on Tesla stock. This indicates that they believe that the stock is undervalued and has the potential to continue to grow in the future. Some analysts have even set price targets for Tesla stock well above its current price.

Conclusion

Analysts are predicting a bright future for Tesla stock. The company is expected to continue to report strong earnings and revenue growth in the coming years, and analysts believe that the stock is undervalued. If you're looking for a growth stock to add to your portfolio, Tesla is definitely worth considering.