Although Tesla (NASDAQ: TSLA) stock has not had an impressive year so far in terms of price, some Wall Street analysts are certain it will recover in the next 12 months, and a popular artificial intelligence (AI) model has provided insights that reveal when it could hit $200.
As it happens, Tesla has recorded positive developments and successful results with its humanoid robot Optimus, leading certain finance experts to share their views that TSLA stocks could soon begin to recover their price and reach the target of $200 or higher in the next 12 months.
TSLA stock price prediction
With this context in mind, Finbold has asked the latest iteration of OpenAI brainchild ChatGPT, called ChatGPT-4o, to analyze available information and offer insights into when Tesla shares would reach the price of $200, to which the chatbot provided two possible scenarios.
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Specifically, ChatGPT-4o pointed out that Tesla stock’s technical analysis (TA) was giving mixed signals leaning towards a ‘sell’ and that, taking into account the “reaching the $200 mark would depend on overcoming the bearish technical indicators and benefitting from positive macroeconomic news or company-specific catalysts.”
“If the stock price consolidates and receives positive triggers, historical performance suggests that Tesla could retest higher levels like $200 in the medium term. Conversely, if adverse factors persist, achieving $200 may take longer.”
Among the external factors possibly playing a part in the price performance of TSLA shares, the generative AI model singled out the imposition of tariffs on imported Chinese electric vehicles (EVs) by the Joe Biden administration, as well as performance metrics of major indices like the S&P 500 and Nasdaq.
TSLA stock price analysis
For the time being, Tesla shares are changing hands at the price of $184.86, recording a modest increase of 0.08% on the day, declining 2.47% across the past week, accumulating an advance of 5.66% on its monthly chart, while losing 25.59% to its price this year, as per data on June 19.
It is also worth noting that Wedbush analyst Dan Ives has recently shared his opinion that Tesla will only go up in price and market capitalization in the next 12 months, exceeding the $1 trillion market cap – likely in the first half of 2025, as Finbold reported on June 14.
All things considered, TSLA shares could, indeed, reach the price of $200 in the next several months, up to a year, as predicted by ChatGPT-4o, particularly as some Wall Street analysts support this projection, if not even higher. However, doing one’s own research is critical as trends could easily change.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
