Elon Musk Called This Tesla Business a "License to Print Money" -- and Profits Could Start Soaring
There's little question that (NASDAQ: TSLA) stock has been a winning investment for shareholders. So far this year, the electric vehicle (EV) maker's stock price has climbed roughly 78%, far outpacing the comparable 13% gains of the S 500. The longer term has been even more lucrative, as the stock has soared 853% and 1,930%, respectively, over the preceding five- and 10-year periods.
This significant run-up in recent years has some investors questioning whether the easy money has already been made, with Tesla stock expected to generate much more muted gains in the years to come.
A challenge to that assumption might be found in a recent pronouncement by CEO Elon Musk which suggests that one of Tesla's new ventures will be incredibly lucrative, saying, "It's a license to print money." Even better, the profits from that business could start flowing sooner than expected.
Source Fool.com
Tesla Inc Stock
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.
