Where Did Tesla's Demand Go?
More so than any other American company, Tesla (NASDAQ: TSLA) deserves credit for making the electric vehicle (EV) industry viable. After decades or even generations of talk about an electric car, Tesla has taken the concept mainstream, scaling production and turning a tidy profit against long odds, defying expectations.
That success in an industry that many think will eventually supplant traditional combustion vehicles, along with its big promises about autonomy, has allowed Tesla to earn a sky-high valuation and a market cap now well over $1 trillion, which compares to peers like General Motors and Ford that trade at single-digit multiples of their earnings.
According to the stock chart below, things continue to look good for Tesla. As you can see, the stock has jumped 56% since the end of 2023, overcoming an earlier setback last year.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 106 Buy predictions and 41 Sell predictions.
With a target price of 408 € there is a slightly positive potential of 2.28% for Tesla Inc compared to the current price of 398.9 €.
