Tesla 2024 Price Target Canada. The analyst behind the note, toni sacconaghi, currently maintains a bearish outlook on tesla — with an underperform rating and a price target of $120 on the stock. Tesla’s margin gap with peers is narrowing, which makes it tough to justify the ev stock's premium valuation.
Based on our updated expectations for electric vehicle (ev) cost declines and demand, as well as our estimates for the potential profitability of robotaxis, our 2024. Analysts are not too bullish on tesla heading into 2024, given that its mean target price of $237.68 is below current prices.
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