Is Tesla's Big Gamble on Price Cuts Paying Off?
(NASDAQ: TSLA) has been one of the most remarkable comeback stories in the last decade. It was on the brink of bankruptcy a few times, most recently in 2017-2019. However, as the electric vehicle trend picked up steam in the last few years, Tesla became a huge winner, reporting higher revenue and profitability.
Despite its solid performance, Tesla has an even greater goal for its electric vehicle business: To produce 20 million cars by 2030. And to achieve that target, the company is taking a massive gamble with price cuts.
Image source: Getty Images.
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.
