3 Reasons Tesla Motors, Inc. Stock Could Rise
In a previous article, I laid out the bear case against Tesla (NASDAQ: TSLA). Today, let's take a look at some ways the sustainable energy company's stock could trend higher in the years ahead.
Electric vehicles produce fewer greenhouse gases than those with combustible engines, particularly when they're charged with electricity generated from renewable energy sources such as wind or solar. Therefore, if more people become concerned about the effects of global warming, demand for electric vehicles could skyrocket in the years ahead. That would be a boon for Tesla.
Far from simply an opportunist, CEO Elon Musk is an environmental at heart. In the "Master Plan" that he wrote back in 2006, Musk said:
Source: Fool.com
Tesla Inc Stock
€169.68
0.880%
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 27 Sell predictions.
As a result the target price of 242 € shows a positive potential of 42.62% compared to the current price of 169.68 € for Tesla Inc.
