How far the Tesla Stock price can go?

Elon Musk announced a few days back that Tesla delivered around 5 million cars throughout the year. The soaring stock price boosted the electric carmaker’s market value. The Tesla stock price just crossed the mark of $ 700 just before starting of the New Year.

Here are the views from the different research house about Tesla Stock Price.

JPMorgan

On the contrary of many research houses, JPMorgan viewed that the electric car maker company is overvalued. However, Tesla Inc.’s electric vehicle company targeted to deliver five million cars vehicles by 2020. They were just short of their goal i.e. a reduction of 450 vehicles from their aim. But according to the research metric of JPMorgan thinks Tesla’s stock price can drop in the future.

Goldman Sachs

Goldman Sachs viewed that the stock price will be increased not too much. On the other hand, the research house was negatively biased about the stock price. The company claims that their delivery volumes can be to some extent conservative.  The reported that concluding volumes could differ by about nearly 0.5%. However, even if the target is missed by a little more than 0.5%, it can be said Musk and his team’s show have achieved their ambition. However, the research house viewed that the stock priced had jumped too much and can increase by around 10% only.

Wedbush Securities

Wedbush Securities is positively biased about Tesla Stock price. They think that the bull run of the company’s stock price will continue and viewed that the stock price of Tesla Inc. can increase to $ 1000 in one year. Many other research houses that are overweight on Tesla stock price think battery electric vehicle adoption will increase in the next year. Hence, this will benefit the company and the stock price.

Conclusion

The stock price of Tesla has gone up too much. If the adoption rate of battery electric vehicles is better than our estimation, then the company will run more. There are very few analysts who viewed the stock price will go up with more innovation. However, it can be concluded that the company needs to rely on the data on car sales mainly. The company proved wrong many research houses in the past who negatively viewed the company. However, with so much increase in price, one needs to be cautious before investing. You can check tesla stock news before investing.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.