Has Tesla's Stock Peaked?
Shares of electric vehicle maker Tesla (NASDAQ: TSLA) have risen by around 70% in the past 12 months, pushing its market cap up to nearly $1.5 trillion. It's one of the leading stocks in the world, due to its focus on growth and innovation.
But there's also no denying that it's also among the most expensive stocks. Investors often have to pay a significant premium to own a piece of the business. Currently, it's around its all-time high. And on a year-to-date basis, it has risen in value by just 9%. Is Tesla's stock approaching a peak, or could this stock still have room to rise higher?
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€284.20
-1.400%
Our community is currently high on Tesla Inc with 104 Buy predictions and 38 Sell predictions.
With a target price of 410 € there is a positive potential of 44.26% for Tesla Inc compared to the current price of 284.2 €.
