Tesla: Outperform @ $1000
Personal Buy Rating:
Tesla (TSLA) is an automotive, battery, and solar manufacturer. They are a world-wide leader in the electronic vehicle space. Tesla cars are in demand and the company is generating cash on a regular basis. They are in a great position to capitalize on the shift from internal combustion engines to electronic drive and the shift from central energy production to distributed energy production. Tesla is growing and outlook for the company is strong. Elon Musk is Tesla's CEO.
- Roy Philipose, Independent Analyst
Outperform (Buy) = Exceed Benchmark (S&P 500) over next 12 months.
Hold (Neutral) = In Line with Benchmark " "
Underperform (Sell) = Underachieve Benchmark " "
Current Price: $1009 (closing price)
Target Price 12M: $1000 (Target prices are hard to predict)
Bear case: $500
Bull case: $1000
Buy Light @ $1000s (Normal risk with normal reward)
Longer Term Outlook
10 year: $10,000 by 2030
Elon Musk (company dependent)
Disclosure: Long Tesla