Tesla Stock: How Future Artificial Intelligence (AI) Growth Can Explain Its High Valuation
Tesla (NASDAQ: TSLA) has already disrupted the auto world once. Against heavy odds and plenty of skepticism, the company proved that an electric vehicle (EV) manufacturer can be viable and profitable.
It first turned a profit in 2020, the same year that the stock soared to new heights as investors recognized that EVs were now the future of the auto industry.
Tesla's stock price has remained elevated but volatile since then, even as the company's revenue growth has slowed significantly and its profits are now declining as it has cut prices to stay ahead in an increasingly competitive EV market.
Source Fool.com
Tesla Inc Stock
€202.95
-0.150%
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 18.26% compared to the current price of 202.95 € for Tesla Inc.
