Target price: $890.00
Recent price: $255.68
Timeframe: 2-5 years
We believe Tesla will become a leading player in the more than $2 trillion global automotive industry and the recent negative concerns around the company create a great buying opportunity at the current share price.Why Tesla Is a Great Company
Why Tesla Is a Great Company1. Tesla’s long-term growth will be driven by its disruptive, exceptional product portfolio in the near term.
2. Strong brand as the pioneer of electric vehicles will secure long-term growth.
3. Minimal competitive risk thanks to other legacy competitors’ inability to adapt to the transition of consumer demand from ICE vehicles to EVs.
4. Automation and economies of scale will continue to improve margins, and Tesla, as a pure EV maker, will achieve margins that have never been seen by other ICE auto makers.