Will Tesla Be a Trillion-Dollar Stock by 2025?
(NASDAQ: TSLA) has flat-out been one of the best investments in recent times. The stock has skyrocketed 1,000% in the past five years and 3,600% in the past 10. And in 2023, it's up 114% through the first six months of the year. This leading maker of high-end electric vehicles (EV) has certainly proven that it can accelerate anyone's portfolio into overdrive.
As of June 30, Tesla had a market cap of $826 billion, making it one of the most valuable companies in the world. What are the chances that by sometime in 2025, this top auto stock carries a valuation of $1 trillion, something it already achieved in late 2021? Let's find out if this 21% rise is in the realm of possibilities.
Despite macroheadwinds, Tesla continues its blistering pace of growth. Revenue during the first three months of 2023 increased 24% year over year to $23.3 billion. While this does represent a marked slowdown from previous quarters, it's still healthy growth nonetheless. Tesla was able to beat Wall Street expectations with that top-line figure.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 80 Buy predictions and 30 Sell predictions.
As a result the target price of 249 € shows a positive potential of 21.43% compared to the current price of 205.05 € for Tesla Inc.
