The Next Tesla TSLA Stock? Here are 3 Potential Candidates

what is the next tesla stock

However, in the past few years, we have seen multiple EV stocks emerge, which have the potential to perform better than the EV pioneer. Now investors have all but thrown in the towel on the shares. Longer term, Tesla ideally wouldn’t be dependent on electric passenger car and truck sales for growth. The company’s fast-growing energy segment should help in that regard. Launch of driverless taxis and a possible move into cloud computing with Dojo are also potential growth engines. In July, for example, Tesla stock jumped from unexpected good news about the company’s second quarter.

Drawing on decades of experience, Centrus can help with the design and manufacture of critical components as well as the design and licensing of facilities to produce new fuels. Famous growth investor Cathie Wood has a similar vision, albeit with a longer timeline. Citing Dojo as a growth factor for Tesla, Wood predicts Tesla will hit $1,400 or more by 2027. Tesla’s multiples are high by most standards, though not nearly as high as they were in 2020 and 2021.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Parkev Tatevosian has no position in any of the stocks mentioned. Moreover, Ford plans to ramp its EV capacity from 600,000 by the end of 2023 to 2 million by 2026. Also, it will be securing deals for battery minerals with suppliers to ensure its targets are met effectively. Hence, Ford has some ambitious plans to dominate the EV space, making it one of the top prospects in the sector.

Tesla, Inc. is the world’s leading manufacturer of electric vehicles. With more than 26% of the market share in 2022, the company’s leadership position is all but assured for the coming decade if not longer. While specifically an EV manufacturer, however, the company is also engaged in many related and unrelated ventures that could produce significant results for shareholders. Competition will be a major challenge for Tesla in the years ahead. Going forward, consumers will have more choice in electric vehicles as other automakers increasingly look to win a piece of the EV market.

Tesla’s stock is down 44% in 2022 as enthusiasm for the electric car maker fades.

In dollars, that means the $500 billion in sales this year will grow to nearly $1,580 billion in seven years. Contributing factors are favorable regulatory environments for EVs around the world, rising fuel prices and growing adoption of alternative fuel vehicles. The average analyst rating for Tesla stock from 36 stock analysts is “Hold”. This means that analysts believe this stock is likely to perform similarly to the overall market. Tesla, Inc.’s name change came in 2017 shortly after then and current CEO Elon Musk agreed to acquire SolarCity and expand the company’s product line. Tesla is now headquartered in Austin, Texas, and operates global manufacturing capacity through a network of Gigafactories.

what is the next tesla stock

All told, marijuana stocks are down more than 90% from their peak value. It’s hard to trust that a cannabis rally is coming since there’s been no evidence of one. So it makes sense to take a flyer on that kind of growth at such depressed levels. And the “safest” way to do it is by buying shares in the largest cannabis retailer, Green Thumb. Like all cannabis stocks, GTBIF’s chart looks terrible, with shares down 60% in the last two years and 77% off all-time highs.

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To form an opinion on Tesla’s pricing, start by deciding what kind of company Tesla is. Considering Tesla’s current valuation, it’s clear most investors don’t view Tesla as a carmaker. Investors are paying a steep premium because they believe in Tesla’s ability to innovate, open new markets, diversify its business model and create massive shareholder value. Tesla’s automobile segment designs, develops, manufactures, leases, and sells electric vehicles in the U.S., Europe, Asia, and internationally. This segment offers a line of luxury Ev s equipped with industry-leading features. The company also generates revenue by selling excess EV credits to the business at large.

  1. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
  2. Hence, Ford has some ambitious plans to dominate the EV space, making it one of the top prospects in the sector.
  3. Longer-term, the energy business, driverless taxis and a cloud computing service using Dojo could end up justifying Tesla’s high price tag today.
  4. Among the many technologies worked on by the company are self-driving/autonomous vehicles, AI, and glass along with EV motors and batteries.
  5. Early signs for the F-150 Lightning sales are strong and have exhibited the potential to outsell its traditional model in the not-so-distant future.
  6. Tesla has been a clear leader in the space but has operated mainly without competition.

The company has 5 Gigafactories in key locations around the world with a 6th planned. The Gigafactories are noteworthy for multiple reasons including their size, end-to-end production capability, and non-reliance on grid-supplied power. The consensus estimate doesn’t tell the whole story, however. The bullish camp predicts steep growth for TSLA, while Tesla bears believe the stock is only headed down. If you don’t have that confidence, Tesla is an expensive risk. You might prefer an exchange-traded fund that includes Tesla as a major holding, as recommended by Erik Sherman in his coverage of the best EV stocks.

Tesla is a risky stock, but one that could play big rewards down the line. If Tesla can execute near-term product and feature launches while maintaining its market share without upending margins, the future will be bright. Longer-term, the energy business, driverless taxis and a cloud computing service using Dojo could end up justifying Tesla’s high price tag today. Tesla has been a clear leader in the space but has operated mainly without competition.

It will be testing its batteries in its flagship electric SUV, the Mullen Five, enabling it to go over 600 miles on just one charge. Due to supply-chain bottlenecks, it couldn’t expand its factory output. However, its recent third-quarter update has been more encouraging and suggests that its production ramp is going according to plan. Moreover, its reservations continue to increase each quarter, amounting to over $3.5 billion in potential sales. The nuclear power industry is rapidly changing, with a new generation of advanced reactors under development. Centrus provides an integrated solution for meeting the industry’s engineering, manufacturing and fuel needs.

The stock price spiked in July above $290, only to fall to $215 in August. Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. The focus has been on its batteries division, though, where it reported positive test results earlier this year, exceeding its previously stated targets.

How Is Tesla Stock Doing Now?

34 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Tesla in the last year. There are currently 8 sell ratings, 17 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” TSLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TSLA, but not buy additional shares or sell existing shares.

Therefore, it is one of the EV stocks with moon-shot potential. Nevertheless, the EV market is expected to grow at an incredible 24.3% annually, from $287.4 billion last year to a whopping $1.3 trillion in 2028. Therefore, EV stocks remain great long-term bets, and investors must look past the short-term volatility. EV sales shot up almost 120% on a year-over-year basis to 6,261 units, with retail sales up 79.1%. The F-150 Lightning has been the best-selling electric truck since its release this year.

Still, analysts don’t agree on whether Tesla is overpriced, fairly priced or underpriced. Tesla stock has run up 135% since January, but it’s still 40% off its 2021 highpoint. Is this recent strength building towards a new high stock price for Tesla TSLA in 2025? Read on to learn where Tesla’s opportunities lie and what challenges it faces going forward. The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.

Under Musk’s guidance, the company was reborn and moved away from the high-end sports-car segment and into a line of cars geared toward a larger audience. The first model, the Roadster, was soon eclipsed by the Model S which is the top-selling plug-in EV car to this day. Follow-on models include the Model X SUV in 2015, the Model 3 sedan in 2017, and the Model Y crossover in 2020. Tesla is an interesting long-term stock that may face near-term headwinds. The company’s leading market share in the global EV market is attractive.

Adjusting for splits, Tesla hit that mark two years early in 2021. The $85 target comes from Craig Irwin, a Roth Capital analyst. In his view, steeper competition, factory shutdowns and launch delays put Tesla at risk of losing market share. Immediate threats include Ford and Chinese EV maker BYD. 2022 has been an eventful year for the firm, delivering more green energy vehicles than Tesla. Moreover, its sales volume from its EV battery unit surpassed LG and is now second only to CATL.


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