VWAPY - Tesla: Innovation Is Secular Challenges Are Temporary
2024-05-02 10:18:57 ET
Summary
- Tesla, Inc.'s stock has underperformed the market over the last quarter, but investors should understand that it is a long-term play characterized by substantial short-term volatility.
- Tesla has an unmatched autonomous driving technology. It is expected to start aggressive global expansion by the end of 2024, which will disrupt the whole automotive industry.
- My Tesla, Inc. stock target price is $260.
Investment thesis
My previous bullish call about Tesla, Inc. ( TSLA ) underperformed the broader U.S. market with a -3% share price change since early February. However, as I always say, Tesla is an inherently volatile stock and is not a suitable option for investors who are seeking rapid returns. It is an apparent long-term play, and recent developments give me even more optimism about the company's long-term prospects....
Tesla: Innovation Is Secular, Challenges Are Temporary