Tesla stocks are currently hovering around the $241 mark, but saw a 5% DIP on Wednesday as the market crashed. The Dow Jones plunged 700 points, eliminating nearly $1.75 trillion worth of wealth from the US stock market. TSLA is one of the stocks that have been a terrible hit as its price has fallen almost 37% since the start of the year. The 50% YTD had fallen, but we were able to recover a bit as the 90-day tariff suspension began this month.
Tesla Stock: When should I buy and sell TSLA?
Tesla’s revenue calls are scheduled for April 22, 2025, and Wall Street is closely watching the development. First quarter revenue calls had poor results along with lower production, sales and revenue. Production fell by 16%, while car delivery fell by 13%. Additionally, its annual revenues saw a major dip that slowed Tesla stock performance.
If things don’t change, Tesla stock could face another round of sale, causing prices to plummet on the charts. If revenues are disappointing this time, TSLA is likely to fall into the $220-$200 range. EV makers are on the negative side of their news cycle as sales and revenues drop.
So the best time to take an entry position for Tesla is when the stock drops from $200 to $220 level. If the market crashes or falls into a recession, TSLA could drop even further, but we hope it doesn’t. Mizuho Securities, Wedbush and Benchmark also remain bullish with TSLA giving it a “buy” rating.
All three financial companies have cut their price targets, but they are still confident in their future outlook. The latest revised price target offered by three Tesla stock companies is $315. This is an increase of about 30% from the current price of $241 and a return on investment (ROI).
In conclusion, buying Tesla stocks between $200 and $220 and selling them for $315 is an ideal deal. Additionally, we recommend doing a thorough research into TSLA due to the market being on slippery slopes. Trade at your own risk as US policies are wreaking havoc in global financial markets.
