Tesla stock price forecast for 2040: Future mobility and energy narrative develops toward $3,000

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Tesla stock price outlook

Highlights

Price is testing the strength of the range from $390 to $395 after the recent correction.
The RSI is ranging in the mid-30s to mid-40s, which implies declining momentum.
Resistance is in place from $398 to $400, while support is in place from $385.

In the long term, the company is expected to grow due to the expansion of autonomous driving and energy infrastructure, which may open new avenues of income generation beyond electric cars. If the adoption of AI-based driving and energy systems is widespread, the valuation of Tesla is expected to appreciate in the long term and may be in the range of $2,000 and $3,000 in 2040.

As of now, Tesla is trading below critical short-term moving averages, which are defining the short-term structure in the stock’s price. The 20-period EMA is currently around the $396.91 mark, and the 50-period EMA is around the $398.09 mark. Both moving averages are hovering above the current price, and this is causing the selling pressure in the stock.

Moving higher, the 100-period EMA is around the $400.50 mark, and the 200-period EMA is higher up around the $406.86 mark. The short-term moving averages are stacked up against the Tesla stock, and this is defining the selling pressure in the recent price decline.

In the recent trading session, the Tesla stock lost its momentum after failing to hold up around the $410 mark. The decline below the $400 mark accelerated the selling pressure in the stock, and the recent support is around the $390 mark.

Tesla price dynamics (Source: TradingView)

RSI is declining towards the range of 37 to 48, which means that there is a decrease in momentum, and selling pressure is still prevailing. It is a positive sign for a potential recovery, but it is not a guarantee.

Autonomous driving and energy infrastructure could shape Tesla’s valuation toward 2040

Tesla’s growth prospects are also highly dependent on the company’s leadership position in autonomous driving and energy solutions. Tesla’s investments in autonomous driving have the potential to open up new revenue channels, depending on the possibility of mass production.

In other areas, Tesla’s growth prospects, apart from the automobile industry, are highly dependent on the company’s investments in the energy sector. Tesla’s investments in the energy sector have the potential to position the company as a key player in the transition towards renewable energy.

Tesla’s potential to leverage software intelligence with its physical infrastructure has the potential to give the company a competitive advantage. The potential of the company’s ecosystem, depending on the possibility of increasing levels of automation, has the potential to scale across multiple industries at the same time.

In conclusion, Tesla’s growth prospects have the potential to take the company’s stock valuation to the range of $2,000 to $3,000 by the year 2040.

Key levels to watch as consolidation develops

If the stock manages to stay above the level of $390, a move towards the range of $398 to $400 is a possibility.

On the flip side, a move below the level of $385 may weaken the stock further. It could weaken the stock further.

In our previous analysis on Tesla, we noticed that a move in the range of $400 started acting as a resistance level for the stock. The current price movement is a confirmation of that fact, as we are seeing a move towards lower levels.

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