Tesla Stock Is Up 67% in 2023. Here's Why That's Not So Impressive.
As of this writing, shares of (NASDAQ: TSLA) are up more than 67% year to date, making it the fifth-best-performing stock in the S 500. On the surface, such a swift and outsize gain could lead investors to believe that Tesla is overvalued or, at the very least, vulnerable to a sell-off. But some context is in order.
Let's look at where Tesla stock has been to understand where the electric vehicle (EV) company is today and where it could be headed.
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Source Fool.com
Tesla Inc Stock
€196.08
0.610%
Our community is currently high on Tesla Inc with 72 Buy predictions and 26 Sell predictions.
With a target price of 246 € there is a positive potential of 25.46% for Tesla Inc compared to the current price of 196.08 €.
