Tesla (NASDAQ: TSLA) has been one of the hottest stocks to own over the past five years, but it has taken shareholders on quite a roller-coaster ride along the way. In 2023 alone, Tesla has gone from $108 to $293 to its current price of about $240.

That's a lot of movement, but investors really want to know where the stock is heading in 2024. If it enters next year at $240, it would require a 25% gain to reach $300 -- a market-beating return. So, can Tesla do that next year? Let's find out.

Tesla electric vehicles are some of the most popular on the market. In 2023 so far, the Tesla Model Y and Model 3 are the fourth and twelfth best-selling vehicles in the U.S. When you remove pickups from the equation, the Model Y becomes the best-selling vehicle in the U.S.

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Source Fool.com