why is tesla stock so high right now

Serious answer from a bull. What are analysts forecasts for Tesla stock.

Forget Tesla This Auto Stock Is The One To Buy Right Now Analyst Says

First off it should be noted that TSLA stock is likely being impacted by a company-specific catalyst today.

. TSLA Tesla Inc NASDAQ. Teslas market cap is over 6000 times greater than its 2019 earnings. Cars and car motors and motor controllers and now they make batteries and battery controllers.

The pandemic created the perfect scenario for a speculative stock like Tesla to flourish. TSLA shares are trading higher on Monday after a new report showed the companys China car registrations in May increased 150. Allan Tongs Discover Picks This leaves TSLA stock with a PE around 183x a market cap over 900 billion and a beta of 2 based on shares trading around 900.

Teslas stock rose on all of this news and Rivian and. The company started off 2021 by reporting 499550 vehicle deliveries for 2020 just shy of its target. Tesla TSLA Stock Report has been one of the superstars of the stock market in recent months.

On Monday Tesla stock climbed nearly 10 adding 265 billion to its market value in a single day. They ARE highly dependent on Panasonic for most of their battery production but that will change. The 95 analysts offering price forecasts for Tesla have a median target of.

Shares of Tesla gained upside momentum as traders bet that harsh sanctions on Russia will push the world towards clean energy and electric vehicle stocks. On April 4 TWTR stock soared on news that Elon Musk revealed he had purchased a 92 stake in the company. 36 Wall Street analysts have issued 12-month price objectives for Teslas shares.

Terrible Net Income even with the 19 growth Outrageous Operating Cash Flow Poor. Tesla is a vertically integrated sustainable. Profit growth is likely to be driven by Teslas higher delivery volumes which should continue to improve its fixed cost absorption and also by higher software sales relating to.

That was just the beginning of a spectacle that has grown to see Musk announcing he has. Now Tesla has beat its last four quarters including a blowout last time so the company does perform. Shares of Tesla TSLA fell 6 Tuesday after closing down 85 Monday wiping out its gains for the year.

With Teslas share price down significantly this year Rosner said that theres a compelling opportunity to accumulate the stock right now. Oh and they make those gas station replacements. Its closing on a trillion-dollar market cap The year 2020 was a bumper one for Tesla as a.

Teslas stock continues to rise to ridiculous heights. The question on many investors minds is why. On average they predict Teslas stock price to reach 86827 in the next twelve months.

Tesla stock has a sky-high valuation much to the delight of bulls and the disgust of bears. It pulled back 45 on Tuesday to 156836 a. Tesla TSLA -18 stock surged to all-time highs today breaking above 1000 per share for the first time in the history of the company.

It sold only 34 as many vehicles as Toyota. The companynow with a market capitalization near 900 billion is. The rally has taken Tesla TSLA shares from bear market territory to raging bull.

Yesterday a report surfaced that the company is. According to the current price Tesla is 5793 away from the 52-week high. Its fundamentals dont come close to justifying its price.

This suggests a possible upside of 206 from the stocks current price. The stock closed at a record just above 883 on January 26 and has tumbled since. Todays Change 074 526 Current Price 72020 Key Data Points.

It remains the global market leader in EVs with nearly a 14 market share compared to VW Group at 11. According to the latest data from SP Global Market Intelligence Teslas balance sheet boasts 177 billion in cash against only 89 billion in. But I dont think Tesla stock is a buy right now for two simple reasons.

Their TSLA stock forecasts range from 25000 to 158000. On March 14 shares of the company closed at 76637. In my humble opinion Tesla although a great company is not a good investment and here are the summed up reasons.

Other stocks in the EV segment like NIO. Investors and analysts have reason to believe that Teslas production capacity will grow substantially in 2021 as new manufacturing plants in Berlin Germany and Austin Texas get up and running. More recalls could be coming and Teslas stock price could be coming right back down again.

Is Tesla Stock A Buy With Its Earnings Report Coming Up Investor S Business Daily