Tesla shares have jumped nearly 230% so far this year.<\/p>\n
Three experts break down what's next.<\/p>\n
Dan Ives, managing director of equity research at Wedbush, says one thing matters above the rest.<\/p>\n
\"What's the fundamental value? If you have a million-mile battery, what does that add to the stock? ... It comes down to scarcity. How do you play the EV market? ... It all comes down to the P word: profitability.\"<\/p>\n
Brian Johnson, senior autos analyst at Barclays, says Tesla could face a make-or-break moment later this year.<\/p>\n
\"We think the reckoning that there is going to be could be more when we get to the second half and the fourth quarter ... If this were a real growth stock, we'd actually be talking about things like same-country, same-model sales, and so if you back out China from this quarter, back it out from a year-ago quarter, the rest of the world shrunk 28%. Now of course there's Covid, of course there's challenges, but that isn't that different from many of the legacy automakers.\"<\/p>\n
Colin Rusch, managing director and senior research analyst at Oppenheimer, sees major upside ahead.<\/p>\n
\"We're really going back to our numbers. It's run aggressively past our price target that was $968. We put that in place over a quarter ago, and as we look at what the company has planned out for 2024 and 2025, you know, we see the potential for 50% to 70% upside.\"<\/p>\n
Disclaimer<\/p>\n
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Tesla stock surges more than 200% in 2020 three experts on what comes next - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Tesla shares have jumped nearly 230% so far this year. Three experts break down what's next. Dan Ives, managing director of equity research at Wedbush, says one thing matters above the rest Continue reading