Opinion: The Tesla Growth Story Is Officially Dead
Few trends have captivated the attention of investors over the past five years quite like the electric-vehicle (EV) revolution. That's because there are big dollar signs attached to the global growth of EVs. Based on a report released last year by Fortune Business Insights, worldwide EV sales are expected to grow by nearly 18% annually between 2022 and 2030, ultimately reaching close to $1.6 trillion by 2030.
Though a lot of companies are vying for their piece of the ever-growing EV market share pie, it's (NASDAQ: TSLA) that's ridden its first-mover advantages to outsize returns.
Image source: Tesla.
Source Fool.com
Tesla Inc Stock
€221.90
-8.850%
Currently there is a rather positive sentiment for Tesla Inc with 91 Buy predictions and 52 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 11.76% compared to the current price of 221.9 € for Tesla Inc.
