Tesla (TSLA ) stock has been on a tailspin over the course of 2025, with shares down 40% year-to-date. Experts are mixed on trying to evaluate the future of the EV-maker’s stock. While some have considered this a perfect time to buy a premium stock cheap, others warn that shares may continue to tumble.
Tesla stock rebound prospects have brightened as reports suggest that Elon Musk may soon, perhaps in the coming weeks, step back from his government duties. The electric vehicle maker’s shares saw some dramatic price swings last Wednesday after news broke about the CEO’s possible shift in focus back to his companies. Despite this short-term swing, Tesla is still down almost 10% in the past week.
Tesla TSLA is trading near the bottom of its 52-week range and below its 200-day simple moving average. Investors have been pushing the share price lower, and the stock still appears to have downward momentum. Most analysts say this is a negative sign for the stock’s future value. How are TSLA’s stock forecasts looking after this latest period of decline?
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Tesla TSLA Stock Forecast: Further Slump Ahead?
Analysts at TipRanks are extremely bearish on TSLA, suggesting it will underperform significantly over the next 12 months. The Trump Tariff catastrophe that has purged the stock market is even impacting TSLA, a stock that some experts previously said wouldn’t be impacted as much. While Elon Musk’s EV maker’s rivals are being hit harder, it doesn’t equate to gains for Tesla: the stock is still being hit hard as well.
Out of 57 analysts surveyed by CNN, the number of analysts suggesting to buy has dropped to 51% from nearly 90%. Additonally, 26% suggest holding onto TSLA shares, while 23% say now is the time to sell before the stock worsens. Additionally, Tesla’s low forecast for the next 12 months is now lower. CNN suggests it could plunge as much as 40% more to $120.00. While its dreams of reaching $1000, Tesla’s stock future is much bleaker post-tariffs than previously suggested.
Tesla Stock Patterns Don’t Paint a Better Picture
Furthermore, Tesla stock is set to see an Elliot Wave Pattern play out. Indeed, after reaching an all-time high in December, TSLA entered a downtrend for much of Q1. That was followed by a pattern with five distinct swings. The chart had seen an upward push selling pressure on the 200-day moving average (MA) to meet the relative strength index (RSI) that introduced a local top above the 50 threshold, according to recent analysis. Moreover, that should have traders looking out for a potential death cross.
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The bearish signal takes place when the 200-day MA falls below the 50-day MA. In order to help avoid this, Tesla will find critical support at $225. This is the first key stock level to watch for the asset. If bullish traders are unable to hold the line, further drops to $186 could take place.
