There is no doubt that Elon Musk is a genius. He has founded or co-founded some of the most successful companies in the world, including Tesla, SpaceX, and PayPal. Recently, he announced his plans to take Tesla public and buy SolarCity. This has caused a lot of excitement in the investment community, with many people predicting that Tesla stock will go through the roof. If you’re thinking about buying Tesla stock, here are 5 reasons why you should buy Tesla stock. The man is a modern-day genius!
In Tesla, I mean Elon we Trust
Tesla is the leading company in the electric vehicle market. With gas prices remaining high and concerns about climate change increasing, there is a growing demand for electric vehicles. Tesla has a head start on its competitors and is expected to dominate the market in the years to come.
Tesla’s cars are some of the best on the market. They are luxurious, high-performance, and environmentally friendly. Tesla’s Model S was named Car of the Year by Motor Trend, and its Model X is one of the most highly anticipated cars in recent memory.
Elon Musk is a proven genius. He has a proven track record of founding and running successful companies. He is also an excellent manager and motivator, which is evident in Tesla’s recent successes.
Tesla has a strong financial position. It has been profitable for the past two years and has no debt. This is rare for a young company, and it gives Tesla a lot of flexibility to invest in new technologies and expand its business.
The future looks bright for Tesla. The electric vehicle market is expected to grow significantly in the next few years, and Tesla is well-positioned to take advantage of this growth. If you’re looking for a high-growth stock with a lot of upside potential, Tesla is a great choice
#1 The world is shifting to Electric Going Green
With gas prices remaining high and concerns about climate change increasing, there is a growing demand for electric vehicles. Tesla has a head start on its competitors and is expected to dominate the market in the years to come. Not only are people wanting to buy Tesla because it’s “the cool thing to do” but Elon Musk has made it his life mission to change the world and how we get from A to B.
He’s done it with Space X and now he’s doing with Tesla.
In the first half of 2021, worldwide electric vehicle (EV) sales were roughly 2.6 million vehicles. It doesn’t appear to be much. But unit growth was up 160% over the same period last year, which is more than six times faster than the overall automobile market. Globally, EVs account for less than one percent. Now it is much higher as of 2022.
Tesla has a 15% market share, followed by Toyota (13%), Nissan (11%), and General Motors’ GMC brand (10%). The uptake of electric cars in the United States is slower than in other countries. Europe and China have higher rates of EV adoption. According to some sources, about 44 percent of all EVs are in China.
#2 Giga Berlin Set To Open
There is currently a five-to-six month delivery delay for Model Ys and some Model 3s in different parts of the globe, as of early March, Ives said in a recent note to clients.
He says the key to alleviating these issues is centered on the key factory openings in Austin and Berlin, which will help solve the current delivery nightmare.
“We see Giga Berlin coming online in Q(fourth quarter) 2021 and reaching full production in 2022 of around 250k units annually, with a large percentage of these cars being sold in Europe,” Ives said. “The Austin facility should be operational by early 2022, with an annual run rate of 150k.”
#3 The Smart Money is Still Buying Tesla Stock
The “smart money” loves to discuss hot stocks like Tesla, which has over 30 analysts covering it. The sell-side experts are also rather bullish by nature, with the average S and P 500 stock getting 56 percent of analysts to rate it “buy” based on median ratings. It’s not a good look when you have
The majority of analysts are still expecting Tesla to report an annual loss – but it’s not as if they’re urging you to flee in terror. However, any investor is well aware that even a 10% increase may appear insignificant if everyone else is outpacing you.
#4 Tesla Loves Crytpo and is an S&P 500 Member
You may be a Tesla stock owner without even knowing it, particularly if your stock portfolio includes any index funds that track the S&P 500 or the Nasdaq 100. Furthermore, Tesla stock is included in the portfolios of over 200 exchange-traded funds (ETFs).
The Tesla story has been highlighted in recent years by such popular culture figures as actor Ashton Kutcher, musician Kanye West, and entrepreneur Elon Musk. Due to his success with startups and his considerable net worth, several people have called him the Thomas Edison of our time. However, investing in Tesla isn’t for faint-hearted investors; its stock is nearly
Finally, CEO Elon Musk has proven he’s capable of moving the stock’s price with a single tweet. In February, Musk said the company had invested $1.5 billion in cryptocurrency Bitcoin and might take the crypto as payment for vehicles, only to change his mind a few months later, citing the large energy use of Bitcoin mining operations.
I wrote about Bitcoin here!
#5 Tesla is one of the most vaulable companies in the world (It’s Big)
Tesla is the most dominating EV stock. And it’s not even close. The company has a market cap of over $800 billion as of this writing, which is more than double that of its closest competitor, Volkswagen.
And Tesla isn’t just big in terms of EVs. It’s one of the most valuable companies in the world, period. Only a handful of companies are worth more than Tesla, including Apple, Amazon, and Microsoft.
What’s more, Tesla is the most shorted stock on the market. That means there are a lot of people betting against the company. As of early March, there was $27.79 billion worth of Tesla shares sold short.
Why buy Tesla stock? Here are a few more reasons:
– Tesla is the leading EV company, with a market share of around 20%.
– The company is set to open its Gigafactory in Berlin, which will help solve delivery issues.
– The majority of analysts expect Tesla to report an annual profit.
– CEO Elon Musk is capable of moving the stock’s price with a single tweet.
– Tesla is one of the most valuable companies in the world.
Do you have any other reasons to buy Tesla stock? Let us know in the comments! And be sure to follow us for more investing tips and insights. Thanks for reading!
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Disclaimer: This article is for information purposes and should not be considered professional investment advice. It contains some forward-looking statements that should not be taken as indicators of future performance. Every investor has a different risk profile and goals. All investments have risks. Always do your own research or hire an expert before investing and trading in the stock market.
