Tesla Extends Winning Streak to Four Weeks as Self-Driving Hopes Fuel Rally
Tesla edged about 1.5% higher on Friday morning, setting up a fourth straight week of gains as investors bet on its self-driving prospects and held firm on its production roadmap.
Shares have jumped more than 40% over the past month, including about a 15% lift this week, after the company stuck to its lower-cost vehicle plan and confirmed a June start for its robotaxi service in Austin, despite softer first-quarter results.
The Q1 earnings release initially sparked the rally; Tesla topped delivery expectations and reassured the market by keeping capital spending in check. Broader optimism from easing U.S.-China trade tensions added momentum.
Piper Sandler's Alexander Potter reiterated a Buy rating with a $400 price target, saying Tesla's Full Self-Driving software remains central to long-term upside, even as Version 13 still requires driver oversight.
Goldman Sachs analyst Mark Delaney echoed caution, noting that FSD success will hinge on improving system reliability and cost efficiency. With investors eying autonomous breakthroughs and production discipline, Tesla's streak may continue, but only if its technology and execution keep pace.
Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $283.81 with a high estimate of $452.00 and a low estimate of $19.05. The average target implies a downside of -17.21% from the current price of $342.82.
Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.13, suggesting a downside of -21.50% from the current price of $342.82.
This article first appeared on GuruFocus.
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