One Wall Street Analyst Predicts Tesla Stock Could Reach $230

Cantor Fitzgerald analyst Andres Sheppard has made a bold prediction regarding Tesla (NASDAQ: TSLA) stock, suggesting that it could reach $230 per share in the near future. Despite a challenging year for the electric vehicle maker, Sheppard believes that Tesla’s recent price cuts for its self-driving software and plans for more affordable vehicles could drive the stock price higher.

Sheppard’s analysis suggests that if Tesla can successfully implement its lower priced model and increase sales volume to 2.8 million EVs by 2025, the stock could potentially reach $460 per share. On the other hand, if Tesla fails to meet these targets and remains at a sales volume of around 2 million units in 2025, the stock price could drop to as low as $70.

Investors are advised to consider the potential risks and rewards associated with Tesla stock, as Sheppard’s projections are based on optimistic scenarios for the company’s future growth. However, with the recent recovery in Tesla’s stock price and the potential for increased sales from self-driving software and cheaper vehicles, Sheppard’s recommendation to buy Tesla stock may be worth considering.

Overall, Sheppard’s analysis highlights the importance of monitoring Tesla’s progress in achieving its business goals and the impact this could have on the stock price in the coming years. Investors should stay informed and consider all factors before making any investment decisions related to Tesla stock.