Up 94% in 2023, Is Tesla Still a Buy?
Over the trailing decade, few companies have outperformed quite like North America's leading electric-vehicle (EV) maker (NASDAQ: TSLA). As of the closing bell on Dec. 5, shares of the largest automaker by market cap had risen by nearly 2,500% from where they stood 10 years ago. Further, they're higher by 94% year to date.
But as Wall Street's most-famous disclaimer goes, "Past performance is no guarantee of future results."
Though it can be entertaining to look back at eye-popping performances, what matters most is where Tesla stock is headed in 2024 (and beyond). Thus, the all-important question is: Does Tesla stock remain a buy, even after a 94% year-to-date gain?
Source Fool.com
Tesla Inc Stock
€159.84
-2.550%
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 248 € shows a very positive potential of 55.16% compared to the current price of 159.84 € for Tesla Inc.
