Tesla is the stock to buy going forward
The was I see it Tesla is a good addition to any investment with a LT view of profit making for the following reasons:
1) Ellon Musk, at the helm, an innovative forward looking entrepreneur with proven track records, made 1b in PayPal, space X project, Tesla the leader in EV etc etc
2)EVs will dominate the road going forward in the 2030s, currently only 5% of vehicles population is EVs. With the Biden zero emission going green policy EVs population will sky rocket, so we see the craze in EV related industry be it the charger, batteries, raw material like nickel, etc. The tax credit thatTesla has enjoyed in the past & will enjoy beyond the 200k th car will also add to the bottom line of TSLA.
In short with such popularity of Tesla, the stock split will add momentum to the demand of TSLA shares, as at current price, of ~$700 sit into 3:1 meaning at split price ~$233, more investors may be ableto afford owning the same Tesla. Tesla is a good value proposition for shareholders with LT horizons.
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