Tesla (TSLA) Stock Close to Being Best Deal on Wall Street: Here’s When to Buy
Tesla stock is currently hovering around the $241 mark but saw a 5% dip on Wednesday as the markets crashed. Nearly $1.75 trillion worth of wealth was erased from the US stock market as the Dow Jones plunged 700 points. TSLA is among the badly hit equities as its price is down nearly 37% year-to-date. It had fallen 50% YTD but managed to recover a bit as the 90-day tariff pause kicked in this month.
With Tesla down this year, analysts have been weighing out buying the dip and when would be the best time. Shares are down over 100% from their all-time high reached in late 2024. Along with the dip, plenty of discouraging news has hit the EV maker, including founder Elon Musk’s political moves and US tariff threats. Musk still feels that Tesla could one day beat out Apple for the most valuable company in the world. Thus, when would be a good time to buy the stock?
At What Price Would Tesla Stock (TSLA) Be Worth Buying?
Tesla stock has high potential to fall lower than its current $240 price tag, so the best time to buy certainly isn’t now. It’s hard to pinpoint an exact low for the stock, but one deciding date that could affect its trajectory is the next earnings report.
Tesla’s earnings call is scheduled for April 22, 2025, and Wall Street is closely watching the developments. The Q1 earnings call delivered poor results with a decline in production, sales, and revenues. The production declined by 16%, while car deliveries were down by 13%. In addition, its yearly revenues saw a major dip leading to the poor performance of Tesla stock.
Also Read: US Judge Rules Alphabet’s Google Operates Illegal Ad Monopoly
If things don’t turn around, Tesla stock could face another round of sell-offs making its price plummet in the charts. There is a high chance TSLA could fall to the $220 to $200 range if the earnings call disappoints this time. It is this point that experts suggest Tesla (TSLA) stock could be at its cheapest.
Several firms like Bank of America and Wedbush are still confident of their future TSLA prospects. The latest and revised price target provided by the three firms for Tesla stock stands at $315. That’s an uptick and return on investment (ROI) of approximately 30% from its current price of $241. Thus, buying TSLA shares once they reach $200 or just above and cashing in when they peak over $300 could deliver max gains for the stock in 2025.
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Tesla (TSLA) Stock Close to Being Best Deal on Wall Street: Here’s When to Buy
Tesla stock is currently hovering around the $241 mark but saw a 5% dip on Wednesday as the markets crashed. Nearly $1.75 trillion worth of wealth was erased from the US stock market as the Dow Jones plunged 700 points. TSLA is among the badly hit equities as its price is down nearly 37% year-to-date. It had fallen 50% YTD but managed to recover a bit as the 90-day tariff pause kicked in this month.
With Tesla down this year, analysts have been weighing out buying the dip and when would be the best time. Shares are down over 100% from their all-time high reached in late 2024. Along with the dip, plenty of discouraging news has hit the EV maker, including founder Elon Musk’s political moves and US tariff threats. Musk still feels that Tesla could one day beat out Apple for the most valuable company in the world. Thus, when would be a good time to buy the stock?
At What Price Would Tesla Stock (TSLA) Be Worth Buying?
Tesla stock has high potential to fall lower than its current $240 price tag, so the best time to buy certainly isn’t now. It’s hard to pinpoint an exact low for the stock, but one deciding date that could affect its trajectory is the next earnings report.
Tesla’s earnings call is scheduled for April 22, 2025, and Wall Street is closely watching the developments. The Q1 earnings call delivered poor results with a decline in production, sales, and revenues. The production declined by 16%, while car deliveries were down by 13%. In addition, its yearly revenues saw a major dip leading to the poor performance of Tesla stock.
Also Read: US Judge Rules Alphabet’s Google Operates Illegal Ad Monopoly
If things don’t turn around, Tesla stock could face another round of sell-offs making its price plummet in the charts. There is a high chance TSLA could fall to the $220 to $200 range if the earnings call disappoints this time. It is this point that experts suggest Tesla (TSLA) stock could be at its cheapest.
Several firms like Bank of America and Wedbush are still confident of their future TSLA prospects. The latest and revised price target provided by the three firms for Tesla stock stands at $315. That’s an uptick and return on investment (ROI) of approximately 30% from its current price of $241. Thus, buying TSLA shares once they reach $200 or just above and cashing in when they peak over $300 could deliver max gains for the stock in 2025.
Read More