3 Reasons Tesla Motors, Inc. Stock Could Rise
In a previous article, I laid out the bear case against Tesla (NASDAQ: TSLA). Today, let's take a look at some ways the sustainable energy company's stock could trend higher in the years ahead.
Electric vehicles produce fewer greenhouse gases than those with combustible engines, particularly when they're charged with electricity generated from renewable energy sources such as wind or solar. Therefore, if more people become concerned about the effects of global warming, demand for electric vehicles could skyrocket in the years ahead. That would be a boon for Tesla.
Far from simply an opportunist, CEO Elon Musk is an environmental at heart. In the "Master Plan" that he wrote back in 2006, Musk said:
Source: Fool.com
Tesla Inc Stock
€206.55
-0.530%
Our community is currently high on Tesla Inc with 80 Buy predictions and 30 Sell predictions.
With a target price of 248 € there is a positive potential of 20.07% for Tesla Inc compared to the current price of 206.55 €.
