Tesla Just Turned a Huge Financial Burden Into a $12.9 Billion Revenue Opportunity
The past couple of years have been a bumpy ride for (NASDAQ: TSLA). After rocketing to an all-time high in late 2021, the stock plunged more than 70% in the face of high inflation, rising interest rates, and the worst stock market downturn in more than a decade. But the tide appears to have turned over the past several months. Since bottoming in early January, Tesla shares have been on fire, gaining 149% as of this writing.
What caused this epic run? A rebound in the stock market and the recovering economy were no doubt contributors, but the biggest gains have come over the past few weeks in the wake of a few historic announcements. Several big-name automakers have ceded the high ground, joining the Tesla Supercharger network and adopting its North American Charging Standard (NACS) connector, which is now on the road to becoming the industry standard on the continent.
This stampede of partnerships prompts the question: Is Tesla having an "AWS moment"?
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 248 € there is a hugely positive potential of 54.48% for Tesla Inc compared to the current price of 160.54 €.
