Tesla (TSLA) is currently one of the leading market favorites in the stock domain, with its valuation poised to rise higher with each passing second. As Elon Musk continues to revolutionize the sector of sustainable vehicles and green energy initiatives, chances are that TSLA may turn out to be a super lucrative endeavor for investors to be a keen part of. Statistics have shown how TSLA has rapidly grown over the last few years, delivering solid gains to investors who have shown consistency in their monthly investment in Tesla.
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Tesla: New Developments
Tesla is gaining momentum with each passing day, impacted by none other than its CEO Elon Musk’s moves and decisions. As far as Tesla Motors is concerned, a new development considering the domain has come to light, where Tesla has been invited by India’s union minister Piyush Goyal. Goyal, in one of his recent statements, shared how Tesla is welcome to enter and manufacture in India, as well as other global companies who wish to establish their hubs on Indian soil.
“We welcome Tesla and all other global companies who want to invest and manufacture in India.”
Goyal was later seen reiterating how investment in EVs can help combat the rising issue of pollution in India.
“In cities, the main reason for pollution is construction and vehicular pollution.” Goyal shared. The commerce union minister also stated how switching to EVs would help neutralize the overall situation.
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Investment Planning: $500 Turned $200,000 In Five Years
Tesla has had rapid growth, with Elon Musk leaving no stone unturned to keep the firm’s growth chart extraordinarily clear. Statistically, if an investor had invested a bulk initiation amount of $1500 in 2019, followed by consistently making $500 as a recurring investment till 2024, the investor would have accumulated a staggering amount of $214,181 in five years.
At the same time, this roughly translated to gaining nearly 478% of the amount invested, which is $37,000. The profit would amount to nearly $177,181, signifying the success of Tesla and its endeavors in all these years.
The Firm’s Future Stock Target
Per TipRanks, TSLA is eying a new stock price of $550 in the long haul.
“The average price target for Tesla is $351.38. This is based on 35 Wall Street analysts’ 12-month price targets, issued in the past 3 months. The highest analyst price target is $550.00, and the lowest forecast is $120.00. The average price target represents a 6.31% increase from the current price of $330.53.”
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