Tesla's stock has surged more than 20,000% since it went public in 2010. The searing rally has been driven by production growth, EV frenzy, and frontman Elon Musk. But many Wall Street analysts say Tesla's bloated stock price is a bubble that's bound to pop.
Should you buy TSLA stock?
Why Is Tesla Stock So High? Tesla’s capital expenditure-to-sales ratio is also high at 14.9%, which compares favorably to the sector median of just 2.6%.
Would it be worth buying 1 share of Tesla stock?
2 days ago · Shares of the electric vehicle (EV) maker Tesla ( TSLA 0.79%) were rising this morning after an analyst raised his price target for the company's stock. Tesla's share price was up by as much as 2 ...
Why is TSLA so overvalued?
Apr 07, 2022 · Why Tesla Stock Was Riding High This Morning By Rich Smith - Apr 7, 2022 at 12:20PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Why everyone should sell Tesla stock now?
Jan 25, 2021 · Tesla’s share price doesn’t matter so much when you put the above in perspective. Tesla’s ability to drive environment consciousness by lowering CO2 emissions from manufacturing EVs and challenging 20th-century car manufacturers to do the same is of more value than any vehicle manufacturing stock on the market.
Why Is Tesla Stock So High
Elon Musk has owned global headlines as his company has skyrocketed by over 700% in the past year. In January 2021, Tesla became the fifth most valuable company, surpassing Facebook by market capitalisation. As the world moves forward, driven by government regulation to reduce CO2 levels, Tesla will grow its manufacturing output.
1. Autonomous, Connected, Electric, Shared (ACES) ecosystem
In 2019 only two million electric vehicles were sold globally. Electric vehicles represent a minor 2.5% of the global light-vehicle (LV) market, so there are significant growth opportunities for EVs.
2. Competition from EV manufacturers
Tesla has a strong advantage over competing EV manufacturers because they have already built their own products and services across the ACES ecosystem. Tesla has also developed customer interfaces which integrate with all of its Tesla models.
3. Downstream revenues through mobility as a retail service
Tesla has the opportunity to become the dominant ‘aggregator’ for customer revenue streams. According to KPMG, downstream revenue streams could increase ten-fold over a ten-year lifetime period of a vehicle.
What does the future hold?
Autonomous, Connected, Electric, Shared vehicles have a long way to go; however, there has already been substantial technical progress paving the way for EV manufacturers in light-vehicles and electric trucks (eTrucks). Electric vehicles and trucks are already entering markets worldwide.
Tesla (TSLA) stock forecast
The chart has now regressed to the $1,000 support line, and early indications in the premarket are that Tesla shares may breach this too. The next support then becomes filling the gap at $910, the start of the recent price explosion. Once or if there, then it will be time to reevaluate.
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TSXV:WML
In the first quarter of 2020, Tesla produced 103,000 vehicles, only 4% of the vehicles produced by Toyota in the same period.
But Wait! There's More..
As Elon Musk loves to push the envelope whether its creating electric cars or sending rockets into space or selling flamethrowers. It was not entirely surprising that Mr. Musk took to Twitter on Monday to reveal his newest creative venture. Musk is launching short shorts, Yes, short shorts!
