My Tesla Stock Price Prediction for 2024 | TSLA Stock Analysis

Tesla's stock price is surging as investors set aside worries about decreasing EV sales.

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All content on this channel is for entertainment and should not be taken as professional financial advice.

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[Oliver-egvi]

I agree with your overall sentiment but the the problem is that Tesla has never traded like a rational large cap. History has shown us these hype cycles can last months to years without any support from the companies fundamentals. That's because much of Tesla can be viewed as a composite of vertically integrated disruptor startups that are difficult to price since they are investing more than earning. And any company associated with musk gets additional meme-stock leverage. Tesla has many many many short to mid-term catalysts which are bound to change earnings estimates (probably not this year, but by 2025 to 2026) and the question is whether it will get weighed before then or trade on hype until the fundamentals catch up. In other words, i won't be adding more to my portfolio, but if i was looking for a long term entry i wouldn't exactly hold my breath for a more reasonable price.

[MiguePizar]

It may be a little risky, however, this company is way more than cars, it has almost all the future tech in it. Ev with AI self driving, robotics, solar energy, home energy, and more, so I do believe it will growth a lot more in the long term, don't know for this year. Best

[geolykos]

Completely agree with you. It’s why I sold half my shares and bought Nvidia. I’m not a trader but I’m thinking of selling all of it cause this is 100% hype and no fundamentals

[LongHuynh-if]

Agreed. Fundamentals don’t support the current rallies. Exited TSLA at $247 earlier in the year. Will pick up again once the frenzies cool down.

[johnnygunz]

Goes to show nobody including yourself can predict where the price could go.

[mattarmstrong]

The PE ratio is wrong metric to value a company at this stage of growth.

[Fifamud]

This Tesla is irrational. But I enjoy trading it. Bought at 170 sold it at 260. Not bad at all in such a short period.. 😂

[billderinbaja]

Parkev: I own Tesla, I really appreciate your thoughts on valuation. A few things this valuation fails to consider... Megapak, Powerwall, Solar tiles... all rising rapidly, and margins growing.... throw in market excitement over growth of Semitruck, FSD, Robotaxi, Optimus, etc... I expect a jump to at least $265 (again) before the end of the year, combined with slowing of CapEx which will increase EPS.

[Grace-jmxo]

Thank you Parkev. Very reasonable analysis 🎉

[jonathandismuke]

I think you may be overly bearish considering tsla stock isn’t only controlled by delivery reports. Tesla has previously held a valuation of double where it’s at now. Tesla also has probably double the realistic potential today.

[matt.stevick]

Trumps head and that said the stock market dodged a HUGE bullet. One inch another way and we’d have a mess. 🇺🇸

[KenUnger]

So wrong, eps is one method and Tesla doesnt follow, could go 100 x eps . Watch it go 350 to 425 in 90 days

[latishadnani]

Do you have historic forward P/E chart for TSLA

That will help us predict bias.

[stevenlee]

Parkev, thanks for the honest and unbiased presentation

[RhondaLawson]

Regardless of whether you're a Wise person, it's best to consult a professional advisor right away. As a business owner in the service industry as well as an ebay reseller of all product categories, I can attest to the fact that we are in a severe recession and that everyone is running out of money

[mannyahles]

In late Aug Parkev is right so far. Aug 26th price of $205.

[toddborstad]

Was about to invest 15, 000 in Tesla at 250 a share but decided against it realizing Tesla has more growing to do and maybe more pain. This video helps my decision to wait and see where the stock goes and future announcements from Tesla.

[baldelliraymond]

Thanks Parkev, do you have an opinion on Spotify

[juliusajoc]

Thanks Parkev, I totally agree with you on this one. 👍

[muhammedyusufgok]

This assumption ground the wall street eps assumptions but it will only be enough to maintain the growth in the energy to reach this eps. However with the fall of interest, car sales are likely to increase considerably