How much will Tesla Stock be worth in 10 years ?

 

About Tesla Inc USA 

is an American multinational artificial intelligence, clean energy and automotive company headquartered in Austin Texas. Tesla Designs and manufactures electric vehicles, battery energy storage and related products. Tesla Energy is its subsidiary company, one of the largest global supplier of battery energy storage systems.

History of Tesla 

🚘  Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Name is a tribute to electrical engineer Nikola Tesla. In 2004 Elon musk invested and become largest shareholder of the company and served as CEO since 2008.  

Image by Valentin Baciu from Pixabay

EV Market - 

For the full year, 808619 EV were sold in the U.S., including 225,689 in the fourth quarter. That’s up about 66% 😍from the 488,397 sold in all of 2022. Fourth-quarter EV sales volumes jumped about 58% from the 148,977 sold in the final quarter of 2021

Market Share - 

Tesla U.S. market share in the fourth quarter of 2022 was about 58%, down😢 from almost 78% in the fourth quarter of 2021.

Share price and Prediction - 

Current share price is - $198. It is believed that Telsa share price will reach to $500 by 2025 and to $1500 by 2030. Tesla is market leader in EV hence if it keeps continue to hold the market share then share even reach to $2000 💣and above by 2030 that means you will get 10 times return ($200 to $2000) by 2030 i.e. within 7 years. 💥

Earnings - 

Tesla reported $24.32 billion in revenue in the fourth quarter of 2022, a 37% 😎increase from the same timeframe a year prior and coming in above the $24.16 billion forecasted by analysts. Profit came in at $1.19 per share, or $3.7 billion, far surpassing the analyst consensus of $1.13 earnings per share

Will Tesla continue to grow? 

Tesla is moving forward with its plans to build more gigafactories and expand existing ones. It filed to expand its gigafactory in Texas in early 2023 and is seeking to build a plant in Indonesia and Mexico.

Recently Tesla opens its supercharger network🔋 to other EVs. Payment can be made either by the pay per charge method or via a monthly membership of $12.99. Customers with Non Tesla EV can download the Tesla App and find the nearest supercharging station.

Conclusion – Overall Tesla is a good buy but you should hold this share at least up to 2030. EV market will flourish in upcoming years and as EV market will rise, Tesla will rise and touch the sky. 👌