Tesla Has Disrupted the Auto Industry. What's Next?

MachineGun
2021-06-27

In the past year, Elon Musk has declared himself Technoking of Tesla and Imperator of Mars. Under his guidance, Tesla has bought and sold Bitcoin. It also began accepting Bitcoin as payment, and then stopped doing so. Tesla's CEO has run into more trouble with the SEC over his tweeting habits, too.

Tesla stock, however, is up more than 200% in the past 12 months, making the company the world's most valuable auto maker. What's more, Musk's space-exploration and technology company, SpaceX, is now the fifth most valuable aerospace and defense franchise in the world. SpaceX's value has increased as the company delivers more astronauts to the International Space Station and more of its Starlink satellites into low Earth orbit. SpaceX plans to offer space-based high-speed internet across the globe.

Tesla and Musk, 50, have their critics. More than 25% of analysts covering the stock rate it Sell. The average Sell ratio in the S&P 500 index is about 7%. Still, the average analyst price target for Tesla stock is up about 360% over the past year. Even the bears seem willing to admit that Tesla is disrupting the auto industry and is worth hundreds of billions of dollars. Musk is the main reason for that.

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Comments

  • Fattydimple
    2021-11-12
    Fattydimple
    I am here to earn 10 Tiger coins by making my first comment. Hehehe
  • tamira
    2021-11-11
    tamira
    I think tesla price will go higher in 6 months or so. It is time to watch out and buy later
  • Nooblearning
    2021-12-22
    Nooblearning
    what about NIO
  • Ping456
    2021-12-21
    Ping456
    Tesla still has the potential to double. Look at their market share
  • skyun
    2021-11-09
    skyun
    will telsa price go higher in the next 5 years?
  • elcyellie
    2021-11-08
    elcyellie
    good luck averyone
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