Where Will Tesla Be in 3 Years?
There's no doubt that (NASDAQ: TSLA) has been one of the single greatest investments in the past decade. Shares have skyrocketed 2,830% since November 2013, a gain that trounces the Nasdaq Composite index by an incredibly wide margin.
But investors ultimately only care about what the future will look like. So, where will this electric vehicle (EV) stock be in three years? Here are some important factors to think about.
Tesla commands about 50% of the EV market in the U.S., a position that has come about thanks to its first-mover advantage in the space. In other words, Tesla basically spearheaded the EV industry, making these cars more popular among a larger group of people.
Source Fool.com
Tesla Inc Stock
€202.50
-0.370%
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 18.52% compared to the current price of 202.5 € for Tesla Inc.
