Is Tesla a Good EV Stock to Buy?

Should you Buy Tesla stock right now?

The short answer: Yes. Tesla stock is a good stock to buy over the long term. However, it’s important to research a company before buying any shares.

Luckily, our team has spent countless hours researching Tesla and its competitors to give you a full Tesla stock analysis before you decided to smash the buy button.

Tesla is the clear leader in electric cars with a $1+ trillion market cap and nearly 1 million deliveries in 2021.

Tesla’s EV Models

The company produces 4 EV models: the Model 3, the Model Y, the Model S, and the Model X.

Tesla Model 3
Tesla Model 3 (Source: Tesla.com)
Tesla Model Y
Tesla Model Y (Source: Tesla.com)
Tesla Model S
Tesla Model S (Source: Tesla.com)
Tesla Model X
Tesla Model X (Source: Tesla.com)

The Model 3 is arguably the best-selling EV worldwide and leads the world’s biggest EV market in China.

Tesla is planning the Cybertruck in 2022 and currently has over 1.5 million preorders reservations!

Tesla Cybertruck
Tesla Cybertruck (Source: BusinessInsider.com)

Tesla bulls speculate that the company could also launch robot & air taxis to increase income further.

However, let’s not forget that Tesla is not just an electric car company. Tesla also offers a fast-growing solar energy business that sells solar roofs and power walls to help power residential homes with renewable energy.

Tesla’s Profitability

Tesla is a profitable company and no longer needs to raise capital through dilutive stock sales or convertible bonds to raise capital.

TSLA shares will continue to trade a massive premium as long as the company continues to increase EV deliveries annually and grow its solar energy business.

Tesla will scale deliveries further once new gigafactory in Austin, TX (USA) reaches full capacity.

Tesla’s Bitcoin Investment

Tesla is also one of the few companies to hold Bitcoin to its balance sheet. According to Bitcointreasuries.net, Tesla currently holds 10,800 BTC worth $257 million.

Elon Musk tweeted that Tesla will consider accepting Bitcoin for future car purchases if Bitcoin mining uses at least 50% renewable energy.

TSLA Stock Rating: Buy

Despite the inflated P/E ratio, I believe TSLA stock is a strong buy. Demand for the cybertruck will help lift revenue to new highs. Tesla will continue pumping out EVs and hit new revenue goals in the future. It’s hard to bet against a company that increases both revenue and net income despite the lofty valuations.

My future 2030 Tesla Stock prediction is over $16,000 per share if TSLA shares continue compounding at around a 50% CAGR. That gives Tesla stock at least 20 to 25x upside over the next 8 years.

Learn More: Tesla Stock Prediction in 2025:

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