Is Tesla's Big Gamble on Price Cuts Paying Off?
(NASDAQ: TSLA) has been one of the most remarkable comeback stories in the last decade. It was on the brink of bankruptcy a few times, most recently in 2017-2019. However, as the electric vehicle trend picked up steam in the last few years, Tesla became a huge winner, reporting higher revenue and profitability.
Despite its solid performance, Tesla has an even greater goal for its electric vehicle business: To produce 20 million cars by 2030. And to achieve that target, the company is taking a massive gamble with price cuts.
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Source Fool.com
Tesla Inc Stock
€168.20
0.050%
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 43.88% compared to the current price of 168.2 € for Tesla Inc.
