Where Will Tesla Be in 5 Years?
(NASDAQ: TSLA) has taken its investors on a volatile ride. Shares currently trade 36% off their peak price. But in the past five years, they have crushed the market, rocketing 1,520% higher. This would have turned a $10,000 initial capital outlay into $162,000 today.
The Elon Musk-led enterprise has seen strong momentum from the investment community recently. This electric vehicle (EV) stock has surged 84% since the end of April. But investing should be a long-term game. With this mental framework, where will Tesla be in five years?
Tesla has historically been known for posting rapid growth. The impressive top-line gains happened thanks to strong interest in its EV lineup. Additionally, the company's premium pricing and manufacturing cost advantages resulted in rising profitability.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 84 Buy predictions and 30 Sell predictions.
As a result the target price of 247 € shows a slightly positive potential of 13.12% compared to the current price of 218.35 € for Tesla Inc.
