How will Tesla stock perform in 2023?

Sales should jump 55% to $83.3 billion, down from a 71% gain in 2021. Meanwhile in 2023, analysts expect Tesla earnings per share to grow a cooler 40% to $5.66, with sales up 42% to $118.2 billion. That's a strong pace, but the era of triple-digit growth and idea of unlimited demand that long fueled Tesla stock may be over.

Will Tesla reach its 2023 guidance?

Tesla (TSLA) analysts predict the company will reach its 2023 guidance but face more challenges in 2024. Tesla is expected to report a solid fourth quarter this year during its last earnings call for 2023.

Will Tesla sales increase in 2023?

Still, expectations are high that Tesla sales will rise significantly in the U.S. next year. Tesla should get a boost in 2023 from new EV tax credits of up to $7,500 per vehicle from the Inflation Reduction Act (IRA). Income and vehicle price caps, however, could limit Tesla vehicle and buyer eligibility.