Where Will Tesla Stock Be in 5 Years?
(NASDAQ: TSLA) investors are no strangers to challenging times. But these last few months are putting their loyalty to the test. The electric vehicle (EV) maker has seen shares drop 33% year to date over concerns about its CEO, Elon Musk, who made a controversial foray into politics.
The company's first-quarter deliveries report provided clear evidence about how political blowback is affecting Tesla's global sales. Let's dig deeper into the numbers to decide what the next five years could have in store for this increasingly embattled American automaker.
As Musk wraps up his first quarter as a "special government employee" of the Trump administration, Tesla adjusts to a new reality. The company's vehicles and dealerships are beset by protests, sabotage, and arson attacks in the U.S., while its market share in the European Union declined substantially. Unsurprisingly, these challenges led to a sharp drop in first-quarter deliveries.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 103 Buy predictions and 40 Sell predictions.
As a result the target price of 397 € shows a positive potential of 28.38% compared to the current price of 309.25 € for Tesla Inc.
