As Tesla prepares for another stock split, analysts are pondering what to expect from retail investors.
The last time Tesla conducted a stock split was in August 2020, and the company split the shares at a ratio of five-for-one. Between the split’s announcement and the day it was completed, Tesla’s shares jumped 80 percent.
Individual retail investors considering Tesla’s stock may also want to consider their own appetite for risk, because there’s no denying it’s a fairly high-risk stock. Still, while volatility for the stock may be high, many analysts are banking on big-buck benefits down the road with Tesla’s upcoming plans for robotaxis, the Tesla robot, and the establishment of its new Gigafactories in Austin, Texas and Grünheide, Germany.
Some analysts, like Ark Invest’s Cathie Wood, have staked high price targets on Tesla’s claims that it would have a functional business model surrounding the robotaxi alone. Wood has a bullish price target of $4,600 by 2026 for Tesla, expecting around 60 percent of the company’s expected value to come from its robotaxi business.said the automaker would aim for volume production in 2024.
In the response, Musk stated, “So, I think we want to hold up on — we don’t want to jump the gun on an exciting product announcement too much. So, I think, we’ll aim to — we do a product event for robotaxi next year and get into more detail, but we are aiming for volume production in 2024.”
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