Tesla stock finished 2020 with a crazy 700%+ return and many Tesla bulls are wondering:
Will TSLA stock keep going higher in 2021?
In this article, I’ll give you a few reasons why Tesla stock will go higher and hit $1,000 by the end of Q2 2020.
Tesla Deliveries Keep Going Up
Tesla has increased its annual EV deliveries 8 years in a row and shows no signs of slowing down.
As long as Tesla continues delivering vehicles at a record pace then revenue will increase and shareholders will continue buying the stock.
Elon Musk is the Richest Man in the World
Musk just passed Jeff Bezos as the world’s richest guy. An impressive feat considering he had a net worth of under $30 billion in 2020.
Elon Musk will continue to dominate the Forbes richest lists, which will motivate more people to buy the stock and continue the bullish run.