Tesla recently hit a new all-time high, driven by strong Q3 earnings, EV demand, and AI advancements like Full Self-Driving (FSD). Historically, Tesla has shown innovation-led growth, surging over 700% after its 2020 stock split.
Today, Tesla holds 20% of the global EV market and expands into energy storage and robotics. Despite price cuts, its margins remain competitive due to scale. The Cybertruck launch and AI-driven Optimus robots signal growth in high-margin sectors.
However, valuation concerns persist, with Tesla trading at 60x forward earnings. Competition and rising battery costs could slow growth.
Tesla’s innovation and market leadership justify bullish sentiment, but cautious optimism is wise amid high expectations.
Tesla Up 40% This Month: Time to Short or Long at $460?
Tesla achieved an all time high of $483 and then pullback today. Tesla has risen near 40% this month.
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Can Tesla reach $500 in 2024?
Or is it time to short Tesla after so many gains?
What's your target price for Tesla? $500 or $1000?
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