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On July 3, 2023, Wedbush reiterated its Outperform rating for Tesla (NASDAQ:TSLA), despite a forecast suggesting a 29.45% downside to the stock’s price, which is currently at $261.77. The average one-year price target is set at $184.69, with estimates ranging from a low of $24.58 to a high of $294.00.
The projected annual revenue for Tesla is estimated at $118.517 billion, an increase of 37.75%, and the projected annual non-GAAP EPS is $5.70. There are currently 4,034 funds reporting positions in Tesla, a 5.24% increase from the previous quarter. The total shares owned by institutions decreased slightly by 0.12% to 1,553,294K shares.
Vanguard Total Stock Market Index Fund, VFINX, and Geode Capital Management have significantly increased their holdings in Tesla by 58.68%, 57.97%, and 58.75% respectively over the last quarter.
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