Prediction: Here’s What $1,000 Invested in Tesla Stock Will Be Worth in 3 Years
Last week, the world was treated to the remarkable visual of a car driving up a vertical ramp, pausing while upside down, and then flipping in midair and launching itself gently back to the ground using compressed-air thrusters.
The vehicle that did that was the ultra-limited-edition “Rocket” tier of electric vehicle (EV) giant Tesla‘s (NASDAQ: TSLA) new Roadster, which is currently scheduled to go into production in 2028.
To be fair, Elon Musk‘s companies have long track records of overpromising and under-delivering, particularly on timelines, and experienced Tesla watchers shouldn’t expect this time to be any different. That said, the event highlights why Tesla continues to capture the market’s attention, even as its core business segments slow. Let’s dig into the pros and cons of the company as an investment, and map out what a $1,000 position opened today might be worth in three years.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.