3 Off-the-Radar Data Points in Tesla's Earnings Report That May Spell Trouble
Few trends have been capturing the attention of investors since this decade began quite like the rise of electric vehicles (EVs). According to Fortune Business Insights, global EV revenue is expected to soar from an estimated $500 billion in 2023 to $1.58 trillion by 2030. This works out to a compound annual growth rate of close to 18%.
Despite fierce competition in the EV arena, it's (NASDAQ: TSLA) that's ridden its first-mover advantages to jaw-dropping gains. Since its initial public offering (IPO) in 2010, shares off the company have risen by more than 15,000%!
A Tesla Model S charging. Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€200.00
-1.600%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 20.0% compared to the current price of 200.0 € for Tesla Inc.
