Can Tesla Double in 5 Years? Here's What It Would Take.
At first glance, it seems odd that the shares of (NASDAQ: TSLA) are down more than 50% from their all-time high. Sales of electric vehicles (EVs) were at record highs in 2023, and the company is producing more cars than when its stock was at more than $400.
This means that we can essentially rule out its production as the main catalyst for its stock growth, especially considering that its shares have been in decline for the better part of two years.
To truly figure out what it will take for Tesla to double in the next five years, we need to do some digging. And in doing so, it should become clear that the company has what it takes to reward investors.
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
Currently there is a rather positive sentiment for Tesla Inc with 73 Buy predictions and 28 Sell predictions.
As a result the target price of 245 € shows a positive potential of 21.08% compared to the current price of 202.35 € for Tesla Inc.
