Tesla posted some amazing q4 2019 numbers pointing to record orders and deliveries for 2019. The stock has been on a tear since May 2019 and if you were patient with Tesla stock, then you have been rewarded handsomely.
Will Tesla stock continue to go up in the future? I definitely think so because I have seen lofty Tesla price targets as high as $3,000 per share by 2030. Of course, Tesla may perform a stock split to keep the share price down and attract more investors.
As we tiptoe into 2020, I only expect EV orders and demand to increase as more consumers shun gasoline cars and move towards cleaner, alternative energy vehicles. Elon Musk is a pretty smart guy and I'll betting Tesla will far surpass its current $77 billion market cap in the future.
What are your thoughts on Tesla stock? Do you think it will go up or down in the future?
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
While living overseas, he uses PureVPN for a low cost VPN service.
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While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.