Can Tesla Stock Reach $1,000 by 2030?

In recent times, you will struggle to find businesses that performed better for investors than (NASDAQ: TSLA). In the past five-year period, this top electric vehicle (EV) stock has skyrocketed 908%.

It hasn't been a smooth ride this year, though. Shares are down 28% in 2024 (as of March 27), as investors appear to be growing pessimistic about the Elon Musk-led enterprise. Maybe this is the right time to buy the dip in the hopes that Tesla can continue being a winner over the long term.

But can the stock rise 456% between now and 2030 to reach $1,000 per share?

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Source Fool.com