Ah, long gone are the days when when a bullish Tesla target stock price = $100. With Tesla (TSLA) stock now at $203.77, and holding fairly steady in that area, bullish analysts aim a lot higher. Credit Suisse has stated that its Tesla target stock price over the next 18 months to 2 years is actually $325.
Credit Suisse isn’t the only big investment player that is very bullish on Tesla. Adam Jonas, Morgan Stanley’s lead auto analyst, recently made strong statements in favor of Tesla (following its recent conference call) and said they were all in.
Tesla’s stock value isn’t just about its leadership in the fast-growing and potentially disruptive electric car market. It’s also about its Gigafactory — which has the potential to serve huge home storage, commercial storage, and grid storage markets — and the software side of cars, where Tesla is seemingly leading the market and making cars more like computers than big auto manufacturers.
But don’t discount the electric vehicle side of things. Based on the many benefits of electric cars, and their quickly declining costs, I’m convinced they will very quickly and surprisingly (to most) disrupt the market and become the main type of car sold. If that happens, it seems that no company is better positioned to lead the way and dominate that market. With a market that is about $1 trillion worldwide today, and growing, that’s big.
So, whether you look at it as a disruptive auto company, an energy storage company, a software company, or all of the above, Tesla looks like it’s set for success. Are you ready to put some money in?
Photo by 401(K) 2012 (CC BY-SA 2.0)