Weekly forecast: Tesla shares remain 31.8% below 52-week high
Tesla stock drops 3% amid robotaxi tests and weak European sales
Tesla Inc. (NASDAQ: TSLA) shares are trading approximately 3% lower compared to a week ago, reflecting investor caution amid robotaxi test rollouts and persistently disappointing European sales figures.
Although the stock is still nearly 12% higher over the past 90 days, it remains down 31.8% from its 52-week high reached on December 17, 2024. Despite these fluctuations, Tesla continues to attract significant investor interest due to its status as a long-term market leader in electric vehicles (EVs). Since going public in 2010, Tesla stock has soared over 20,500%, demonstrating the company’s remarkable ability to defy market cycles and deliver consistent value growth. However, the volatility in 2025 reflects broader concerns about demand, regulatory pressures, and increasing competition, both in the EV and autonomous driving spaces.
Tesla’s diversified businesses and innovation continue to fuel optimism
Tesla’s historical dominance in the EV market has been reinforced by its innovation across multiple business segments. Beyond electric vehicles, Tesla’s energy storage, charging infrastructure, and battery businesses have significantly expanded, positioning the company as a diversified technology powerhouse. Its gigafactories in China and Germany are expected to reduce manufacturing costs and simplify international operations by avoiding export tariffs, potentially boosting future profitability.
Tesla’s investment in full self-driving (FSD) and robotaxi technology further cements its leadership, particularly against competitors like GM’s Cruise and Alphabet’s Waymo. While Chinese rivals such as Apollo Go and WeRide present formidable competition, Tesla’s head start and rapid development cycles could maintain its advantage in the robotaxi sector. Meanwhile, Wall Street’s consensus 12-month price target currently stands at $306.07, although analysts projects a more bullish year-end price of $351.73, indicating over 12% potential upside.
Tesla’s long-term potential remains strong despite recent challenges
Looking beyond 2025, Tesla’s long-term growth trajectory remains compelling, with projected revenues expected to climb from $112.1 billion this year to nearly $297.4 billion by 2030. Analysts anticipate normalized earnings per share (EPS) to grow significantly, from $1.91 in 2025 to $11.24 in 2030, reflecting strong operational performance and continued cost efficiencies.
Tesla stock chart. Source: TradingView
Despite near-term challenges like soft European sales and uncertainties in robotaxi deployment timelines, Tesla’s broader innovation ecosystem and expanding business lines suggest resilience. Investors remain focused on Tesla’s ability to scale its operations, particularly as the company continues to advance its energy solutions, battery technology, and autonomous driving capabilities. With 21 out of 47 Wall Street analysts recommending the stock as a buy, and seven offering Strong Buy ratings, Tesla’s appeal remains intact for those looking at the broader, multi-year growth horizon.
Recently we wrote that as of July 3, Tesla stock is trading at $315.65, up 5 percent in the last 24 hours.
