Tesla Faces Allegations of Massive Sell-off
Tesla's stock is currently facing challenges, reflected in its chart after a recent breakdown from a symmetrical triangle pattern. This technical move has sparked a cautious to mixed outlook among analysts, with the median one-year price target from 37 Wall Street analysts hovering around $310.65.
The breakdown has resulted in an approximate 3.34% downside potential from the current price around $320, with a consensus "Hold" rating split nearly evenly between buy, hold, and sell opinions. More bullish estimates see upside near $353, driven by expected revenue growth towards $297 billion by 2030 and EPS growth to $11.61.
However, other forecasts present a wider range, reflecting the technical breakdown combined with fundamental views. Some analysts predict a lower target zone around $275 for 2025, down to cautious lows near $270–$302. On the other hand, optimistic price predictions extend to $400 or more in 2025, with longer-term potential up to $956–$1,283 by 2027–2030.
The symmetrical triangle pattern is a neutral chart pattern that often appears at the end of a consolidation phase. The price oscillates in a narrowing range, with highs decreasing while lows increase. This pattern was evident in Tesla's stock, which has been in a downward trend since late May.
The downside breakout of Tesla's stock is interpreted as a chart technical weakness signal. This has led to a bearish market sentiment, with just under half the recent trading days showing positive results. However, some analysts emphasize Tesla’s tech-driven growth including AI and autonomous driving as factors that could reverse near-term weakness.
Recent setbacks for Tesla include sales plummeting in Europe, delivery numbers shrinking in recent quarters, recalls, image problems due to Musk's political involvement, and the failed robotaxi launch. Despite Elon Musk confirming a billion-dollar deal with Samsung, this fact is not directly related to the stock's performance or the challenges mentioned.
Investors should consider staying on the sidelines with Tesla's stock, as further setbacks cannot be ruled out. The calculated price target for Tesla's stock is around fifteen percent below the broken pattern, which would be around $260 to $265.
Notably, the CEO and majority shareholder of the publisher Boerse-Medien AG, Mr. Bernd Förtsch, has positions that could benefit from potential price developments related to Tesla.
In July, sales on key markets like France and Sweden saw a decline, adding to Tesla's challenges. Thursday saw Tesla's stock correct by 3.4% and break through the lower boundary line of the symmetrical triangle pattern.
In summary, post-breakdown, analysts' price targets for Tesla in 2025 range roughly from $275 on the low end to $400 on the high side, with the consensus around $310–$320 reflecting a cautious stance. The technical pattern break likely adds near-term downside risk, but fundamental growth prospects sustain some bullish views for recovery and longer-term appreciation.
The recent breakdown of Tesla's stock from a symmetrical triangle pattern has led to a cautious outlook among analysts, with some predicting a downside near $275 for 2025. However, more bullish estimates see upside potential near $400, driven by expected revenue growth towards $297 billion by 2030 and EPS growth to $11.61, indicating ongoing interest in investing in Tesla's stock.
