Will Tesla Stock Triple In 5 Years? Tesla Stock Price Target $2,000

Will Tesla Stock Triple In 5 Years? Tesla Stock Price Target $2,000 per share. Long-time Tesla bull Pierre Ferragu of New Street on Tuesday raised his price target on the automaker to $800, the new highest on Wall Street and roughly 57% higher than where shares traded at Friday’s close.
Ferragu expects Tesla will sell as many as 3 million cars per year after 2025, and “discounted back to early 2021, we would see that fully priced with a stock in the $640-960 range. On that basis, we increase our target price to $800,” he wrote.

Ferragu increased his price target, sticking to his expectations that Tesla will sell 2 million to 3 million cars per year after 2025, like other premium brands and in line with BMW, according to the Tuesday note. That would justify a market capitalization of $230 billion to $350 billion, or roughly $1,200 to $2,000 per share.

Over the last year and a half, three points of Ferragu’s thesis on Tesla have been validated, he wrote in the Tuesday note. “Tesla achieved 40% cost, range, performance improvement over the past 7 years,” Ferragu wrote. “Competition is lagging, and the best is yet to come.”

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