Is Tesla Just a Car Company?
One of the biggest knocks against electric vehicle (EV) maker (NASDAQ: TSLA) is the idea it's just a car company, not a tech giant that deserves a place among the Magnificent Seven.
Indeed, EV sales account for the large majority of Tesla's revenue. However, besides the massive potential behind opportunities like artificial intelligence (AI) that bullish investors may point to, the company has an existing energy storage business too.
Let's explore some of Tesla's capabilities outside of manufacturing EVs and assess what the company could look like in the long run.
Source Fool.com
Tesla Inc Stock
€295.60
0.220%
Currently there is a rather positive sentiment for Tesla Inc with 104 Buy predictions and 38 Sell predictions.
As a result the target price of 410 € shows a positive potential of 38.7% compared to the current price of 295.6 € for Tesla Inc.
