TOP 3 Reasons: Elon Musk's TESLA Stock over $1200


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Tesla Stock well over $1,200 that is just a matter of time.

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At least a few executives at major automakers have indicated that electric cars are the way of the future, and several of them are making big bets on battery-powered vehicles.

But at least in the United States, the market seems to belong almost entirely to Tesla.

The California carmaker’s Model 3 midsize sedan far outstripped sales of any other competitor in 2019. The next best-selling model that year was the Chevrolet Bolt, which sold a mere 16,000.

The success of both Tesla cars, and Tesla shares, have baffled many in the automotive industry, who point to the company’s small size; precarious financial history; and repeated struggles with manufacturing delays; and customer complaints about long waits for orders and difficulty obtaining parts and service.

Meanwhile established automakers with brands that play at practically every price point and in every segment have been promising and slowly releasing their own stabs at a viable electric vehicle. But none have so far proven to be Tesla killers.

A slew of new models are scheduled for release starting in early 2020, and many are starting to offer specs competitive with what buyers can find on Tesla models. For example, Ford’s Mach-E Mustang electric crossover promises 300 miles of range in one configuration, close to the 322 miles on the long range version of the Model 3 sedan.

But relatively few buyers in the United States seem interested in battery electrics, and industry watchers think many buyers are early adopters buying Teslas out of an interest in the brand or an interest in cutting edge technology, rather than out of an interest in owning an electric car.
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16 replies
  1. Jiayang Shao
    Jiayang Shao says:

    this might be long term, but in short term don't expect tesla to soar when the major index is dead, there is reason for some medical or low cap stock to rise, but there is no reason for stock and market cap like tesla to not fall

    Reply
  2. D R-K
    D R-K says:

    Well the fear virus is doing a job on the market and Tesla is once again in red, but if this continues… and it appears it will… I am going to get ready to buy more

    Reply
  3. self directed soul
    self directed soul says:

    Not sure about $1200 in a few months. I was thinking by the end of the year? 🤷‍♂️ Have to see how the Corona Virus shakes out. Still dropping pretty hard. Going to be a lot of ground to make up. No doubt after it reconsolodates the stock will have an even stronger base. Hope your right though! 👍🏻👍🏻😏

    Reply

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