TSLA has been trading sideways for the past 3 years. Typically, it would reach $140 or $180 and then peak out at between $240 and $280.
It's up >2% this morning.
However, seeing how Tesla is about to mark an important year with several new product announcements including a Tesla truck and bus, as well as production of hundreds of thousands of Model 3s, I think Tesla may go over $300, and potentially reach $500 by 2018.
The electric car industry isn't just about electric cars. It's about AI and Tesla is years ahead of the next biggest electric car maker, GM. I don't call Faraday Futures and some other obscure electric car startups as competitors as they have even worse balance sheets than Tesla or they're too small to compete realistically.
Driverless cars will replace conventional cars in the coming years, and will become mainstream by 2030. This may propagate Tesla's stock price to reach >$500, although this is just me speculating at this point.
Discuss.
Submitted January 13, 2017 at 09:52AM by ILoveSushi1337 http://ift.tt/2jf3lwM
