why is tesla stock so high reddit 2021

The companys target is to grow. EDT the stock was up by about.

Tesla Stock Value Forecast Worth Trillions By 2030

The stock now trades at 692 a share as of this writing down about 23 from its peak.

. Teslas aggressive investments in production capacity should lead to stronger growth in 2021. Teslas lofty stock performance-- up 743 in 2020 -- makes it one of the most valuable US companies in the world. BTW CEO cant keep the stock prices high stock buyers do.

The first is Teslas forward looking price-earnings ratio which is now at 200 according to Morningstar. Its fundamentals dont come close to justifying its price. Analyst and Price forecasters have speculated that the company will sell up to 58 million of its cars by the year 2030 which is more than half of the current size of Toyota.

As you may or may not know the. Its a bet that shareholders are making that Tesla is going to continue being a monster of innovation in the long term. In October Teslas NASDAQTSLA stock price rose above the 1000 mark and its market capitalization zoomed past 1 trillion.

The electric-car maker increased its sales by 45 percent last year. Posted on EVANNEX on July 01 2021 by Charles Morris. Put simply the price of the stock is.

One major reason why Tesla is valued so much higher than its peers is growth. Tesla rose up to 23to a new high of around 960 per share before paring back gains somewhat and ending the day at 887 per share. You buy stocks for its potential and TSLA is not dividend stocks.

Shares of electric car and green energy company Tesla NASDAQTSLA soared on Tuesday. GMs sales rose just 22 percent last year while F shrank by 10 percent. Teslas market cap is over 6000 times greater than its 2019 earnings.

As of 342 pm. The car manufacturing itself is. Teslas stock continues to rise to ridiculous heights.

So why is Tesla stock so high. TSLA is a very speculative stock with lots of optimism because of the nature of the business. The recent surge in price.

The pandemic created the perfect scenario for a speculative stock like Tesla to flourish. Wall Street analysts anticipate another 55 percent of upside this year. Theyre both expected to grow about 13 percent this year.

Its all about the potential man. On March 8 Teslas stock price dropped to 547 a five-month low. Yet the 500000 cars it sold in 2020 were a sliver of more than 70 million.

Tesla Stock is expected to reach a peak point in the market with over 890000 vehicles expected to be sold by the company in 2022. On Tuesday the stock kept going. Global manufacturers from Shenzhen to Detroit slowed halted or shifted manufacturing operations toward PPP and medical equipment during the 2020 economic crisis.

Automakers are among the industries struggling with supply chain issues from the novel coronavirus pandemic. Tesla stocks rocket-fueled rise has stalled of lateat this writing its in the high 600 range far below the all. Its a situation that likely had many Tesla investors rejoicing.

No profits because they invest everything they can in factories and RD. Thats because of the bullish momentum that is surrounding Tesla stock. FSD robo taxis the battery highway tractorsemi.

All these down-the-road things some people think they will. It sold only 34 as many vehicles as Toyota.

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