Tesla (TSLA) is a technology company that sells electric vehicles, storage systems, and a solar roof lineup. Future products include autonomous vehicles and a robotaxi fleet called the Tesla Network.
Tesla (TSLA) Stock Price Targets
2020 - $240 - Price Target Met - July 2, 2020
2021 - $360 - Price Target Met - August 17, 2020
2022 - $500 - Price Target Met - August 31, 2020
2023 - $600
I view all corrections as a strong buying opportunity and Tesla (TSLA) is my top stock to buy for the long term.
Tesla will be ramping up Model Y production throughout the rest of 2020 and release the Tesla Semi, Cybertruck, and Roadster in 2021. These three additional products in full production will likely take Tesla (TSLA) stock to $600 per share by 2022/2023.
More to come.......
Tesla (TSLA) is a stock a started buying and trading in the $60's about seven years ago. I have bought and sold TSLA shares over the years but am now an investor for a long term. In a separate account, I have been buying Tesla stock which I will eventually convert into my next business called the Tesla Network. Still 3-5 years away, the Tesla Network will be a fleet of autonomous vehicles which will enable Tesla's to become a robotaxi fleet. I would expect Tesla's market cap to be over $500 billion at this point. I stand by my prediction that Tesla (TSLA) will one day catch up and be worth as much as Apple (AAPL).