Is Tesla a meme stock?

Elon Musk has turned Tesla into a meme stock as he tells Wall Street to value the EV maker like an AI company, top economist says.

Is Tesla a buy right now?

Tesla is a Zacks Strong Sell Tesla is a Zacks Rank #5 (Strong Sell). The Zacks Rank is based on changes to analyst earnings estimates. It has a Zacks Strong Sell recommendation due to the cuts to the earnings estimates. But this is just a short-term recommendation of 1 to 3 months.

What makes a meme stock?

A meme stock refers to the shares of a company that have gained viral popularity due to heightened social sentiment .

Is Tesla a good buy in 2024?

Tesla Stock Declines In 2024 That signals another year of earnings declines for this growth stock. Analysts currently expect Tesla earnings per share of just $2.48 in 2024 , according to FactSet. That would be more than a 20% decline vs. $3.12 in 2023.

What is the prediction for Tesla stock in 2025?

Tesla Stock Forecast 2024 & 2025 They believe an upside scenario for the stock over the next 12 to 24 months could be ~$300 using a multiple of 50x to 60x applied to the company's 2026E EPS , while a downside scenario could be ~$65 to $85 using a multiple of 30x applied to Tesla's 2024 EPS.

Is Tesla stock expected to go back up?

Based on 32 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $173.29 with a high forecast of $310.00 and a low forecast of $22.86 . The average price target represents a -6.21% change from the last price of $184.76.

Tesla's initial public offering was on June 29, 2010 .

Who buys Tesla shares?

Who is Tesla owned by? The largest individual Tesla shareholder is Elon Musk , who owns about 13% of the company's common stock. Vanguard and BlackRock are the two largest institutional investors, owning about 7.2% and 5.9% of outstanding shares, respectively.