Tesla (NASDAQ: TSLA) aims to continue its impressive performance from late last year into 2025, with the stock targeting the $500 mark.
Despite starting the year below the crucial $400 level, Tesla has recovered and is now eyeing a comeback.
At the close of the last trading session, Tesla was valued at $398.09, ending the day with a slight increase of $0.94, which is a 0.24% rise. Year-to-date, the equity has increased 0.68%.
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AI predicts TSLA stock price
Finbold’s AI price prediction tool forecasts that Tesla’s stock price will surpass its current levels by February 1, 2025.
Specifically, ChatGPT-4o anticipates a price of $410, indicating a 3.44% increase, while GPT-4o Mini predicts the best results, with a value of $430—an 8.49% increase.
On the other hand, other AI models, such as Claude 3.5 Sonnet project a price of $385.50, reflecting a 2.74% drop, and its counterpart, Claude 3 Opus, a value of $401.19, a 1.22% increase.
Furthermore, Grok 2 Vision predicts an increase of 2.18%, which results in a price of $405.
The average of these predictions suggests a potential price of $406.34; a rise of approximately 2.52% from the current price.
Tesla fundamentals
Tesla is scheduled to release its Q4 2024 financial results today, January 29, 2025, after the market closes, with investors looking for a new catalyst after the stock’s Trump-fueled rise.
Analysts expect revenue of $27.2 billion and adjusted EPS of $0.75, but Tesla’s electric vehicle (EV) deliveries missed estimates, and its stock has seen a 5% decline since the start of the year.
That said, Tesla plans to launch a lower-priced EV in early 2025 and update its Model Y to boost sales. However, challenges like competition and potential EV tax credit removal loom large, according to Yahoo.
Tesla’s Q4 2024 earnings announcement
In Q4 2024, the company produced approximately 459,000 vehicles and delivered over 495,000 vehicles, setting new records for both production and deliveries. Additionally, Tesla deployed 11.0 GWh of energy storage products during this period.
Investors will closely monitor the Q4 financial results, especially in light of CEO Elon Musk‘s forecast of a 20% to 30% sales growth in 2025, driven by new and updated electric vehicle models.
Featured image via Shutterstock
