Is tsla going to hit 300 by July 31

**Tesla's stock is not expected to hit $300 by July 31, 2024**. Here's the analysis to support this conclusion: 1. **Current Price and Recent Performance**: As of July 15, 2024, Tesla's closing price was $252.64. The stock has experienced a slight decline of -0.12% from July 9 to July 15. |Ticker|Name|Closing Price|Date|code|market_code| |---|---|---|---|---|---| |TSLA.O|Tesla|252.64|20240715|TSLA|185| 2. **Technical Indicators**: The 5-day moving average is $253.56, and the 10-day moving average is $245.95. These indicators suggest a slight uptrend, but they are below the $300 mark. |Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---| |TSLA.O|Tesla|253.4980|245.9460|20240715|TSLA|185| 3. **Resistance and Support Levels**: The resistance level is at $265.6, and the support level is at $251.73. The stock is trading close to the support level, which could indicate a limited upside in the short term. |Ticker|Name|Support Level|Resistance Level|Date|code|market_code| |---|---|---|---|---|---|---| |TSLA.O|Tesla|251.7300|265.6000|20240715|TSLA|185| 4. **Analyst Predictions and Market Sentiment**: - The average price target from 35 Wall Street analysts over the past 3 months is $193.18, with a high forecast of $310.00 and a low forecast of $22.86. This average price target is below the $300 mark. - The sentiment is generally bullish, with 24 technical analysis indicators signaling bullish signals and only 2 signaling bearish signals. However, this does not directly indicate a price target of $300. |Ticker|Name|Current Rating|Date|code|market_code| |---|---|---|---|---|---| |TSLA.O|Tesla|Underweight|20240614-20240716|TSLA|185| |TSLA.O|Tesla|Sell|20240614-20240716|TSLA|185| |TSLA.O|Tesla|Perform|20240614-20240716|TSLA|185| |TSLA.O|Tesla|Overweight|20240614-20240716|TSLA|185| |TSLA.O|Tesla|Outperform|20240614-20240716|TSLA|185| |TSLA.O|Tesla|Neutral|20240614-20240716|TSLA|185| |TSLA.O|Tesla|Buy|20240614-20240716|TSLA|185| 5. **Long-Term Forecasts**: While some long-term forecasts suggest significant growth, such as an average price target of $193.84 by 2025, none of them predict a price of $300 by July 31, 2024. |Ticker|Name|Average Price Target|Date|code|market_code| |---|---|---|---|---|---| |TSLA.O|Tesla|214.3953488372093|20230713|TSLA|185| |TSLA.O|Tesla|214.3953488372093|20230714|TSLA|185| |TSLA.O|Tesla|214.3953488372093|20230715|TSLA|185| |TSLA.O|Tesla|214.3953488372093|20230716|TSLA|185| |TSLA.O|Tesla|217.70454545454547|20230717|TSLA|185| |TSLA.O|Tesla|217.70454545454547|20230718|TSLA|185| |TSLA.O|Tesla|217.72093023255815|20230719|TSLA|185| |TSLA.O|Tesla|229.6904761904762|20230720|TSLA|185| |TSLA.O|Tesla|233.45|20230721|TSLA|185| |TSLA.O|Tesla|233.45|20230722|TSLA|185| In conclusion, based on the current price, recent performance, technical indicators, resistance and support levels, and analyst predictions, it is unlikely that Tesla's stock will reach $300 by July 31, 2024.