why is tesla stock so high reddit 2021

If you just look at Teslas raw numbers its hard not to come to the conclusion that the company is way overvalued. At its current price of roughly 840 per share the stock trades at around 155x consensus 2021 earnings.

Tesla Stock Driven More By Reddit Than Fundamentals Barclays

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. EDT the stock was up by about 78. Teslas stock has surged more than 20000 since it went public in 2010. Tesla TSLA Stock Report has been one of the superstars of the stock market in recent months.

Buoyed by optimism about its leadership within the fast-growing EV market and potential within the renewable energy industry Teslas shares soared to a record high of 90040 on Jan. Overall while growth is expected to remain strong we still think Tesla stock is expensive. After getting losses for many years the Californian company has also given 3 valuable quarters in a line.

For the company Tesla will double production in 2021 complete two factories that over time will each be larger than their two existing factories combined further increase margins while cutting prices launch two or three new products finish the strongest supercomputer in the world see exponential development of their new selfdriving. Why Tesla TSLA Stock Surged To New All-Time High In The Stock Market. And then theres also some cult of Elon going on.

Teslas market cap is. Tesla is rising because earnings revisions are soaring points out Gary Black managing partner of the Future Fund Active exchange-traded fund. That interview that Elon did where he smoked the joint finally making the impact.

Im tempted to sell my Tesla stock but I dont really understand why its attracting such a high price at the moment. When you look at all the things. 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 TSLA -087 stock price rose above the 1000 mark and its market capitalization zoomed past 1 trillion. 19 votes 32 comments. Growth for the company or for the stock.

As of 342 pm. All these down-the-road things some people think they will be big in the future. So lets list some of the top reasons why the electric vehicle EV stock has a great year ahead.

First Quarter Fiscal 2021 Highlights. Shares of electric car and green energy company Tesla TSLA -077 soared on Tuesday. Yes it is.

The big selling started when the stock started surging past 80 a share in the fall of 2020 and gained momentum in 2021 as the stock held above 100 the filings show. EDT the stock was up by about. Why Is Tesla Stock So High.

The searing rally has been driven by production growth EV frenzy and frontman Elon Musk. Its a situation that. While this one may look obvious we did call for 1000 to break late week when the stock was still near 1200 so a 20 gain in a few sessions.

They made a surprise profit in Q3 and the hype machine is rolling. FSD robo taxis the battery highway tractorsemi. Wedbush analyst Dan Ives believes Tesla raised his most bullish case for Tesla stock to 1500 a share from 1300 after Tesla reported better-than-expected earnings on Wednesday.

As we all know Tesla stock has increased significantly in just a short couple of months. It grew over 700 leading the SP in growth. Press J to jump to the feed.

Why Tesla stock price skyrocketed Elon Musk to change battery technology. Investors have bought in to Elon Musks. Tesla TSLA 042 stock revved higher Thursday morning as Wall Street analysts competed to offer increasingly optimistic forecasts for the electric car companys fourth-quarter.

Thats still its patron Elon Musk getting cleared 13bn off Teslas worth in May 2020 a fter tweeting that its stock price was very high. Net sales increased 251 to 1277 billion compared to 1021 billion in the fiscal 2020 first quarter overcoming a nearly 12 reduction in the Companys global store base due to strategic de-densification efforts and continued store closures across Europe due to the COVID-19 pandemic. But many Wall Street analysts.

Shares in Elon Musks flagship automobile brand Tesla are trading toward the 1000 mark again this year after having fallen from their all-time high in the closing months of 2021. The company started off 2021. Tesla s TSLA -300 stock is up an incredible 695 in 2020 making it one of the most valuable companies in the world with a 630 billion valuation.

The stock began a rise of more than 50 in the middle of March going from a low of 766 on the fourteenth of the month to a high of 1145 just 21 days later. Greetings all Its clear that Tesla had a stellar year in 2020. Teslas High Valuations Will Be Justified.

The future of electric vehicles looks promising but many say a correction is due. Its impossible to time the market but being that it is the beginning of the new year what would you say would be your.

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