Can Tesla Stock Reach $1000?

Tesla hit all-time high on Dec. 18 just before its debut on S&P 500 Index. Tesla stock has already gained a whopping 677% year to date. Behind this dramatic rise is the explosive growth potential in the EV market. Wedbush Securities analyst Dan Ives said in a note that the latest developments are removing another “question mark” on Tesla’s story.

The analyst said that Tesla has a golden opportunity to take full advantage of the EV market, especially in China. Ives has a $1000 price target for Tesla.

Tesla, Amsterdam

However, Jefferies analyst Philippe Houchois recently warned that there are huge expectations around Tesla which could dent the company’s valuation. The analyst also believes the company won’t be able to dominate the market because of its size, structure and politics.

Tesla fundamentals

For this year the company, based inPalo Alto revenue will be around 30,89 billion USD. This is according to the average of the analysts' estimates. This is rather significant more than 2019's revenue of 24,58 billion USD.

Historical revenues and results Tesla Motors plus estimates 2020

Tesla

The analysts expect for 2020 a net profit of 2,4 billion USD. Most of the analysts anticipate on a profit per share of 2,29 USD. The price/earnings-ratio is then an extreme 303,49.

For this year analysts don't expect the company to pay a dividend. The average dividend yield of the automobile producers is a limited 0,8 percent.

Most recent target prices around 663 USD

Jefferies & Co., Goldman Sachs and Wedbush Morgan Securities recently provided recommendations for the stock.

Tesla Motors 's market capitalization is based on the number of outstanding shares around 599,8 billion USD. The Tesla Motors stock was the past 12 months quite volatile. Since last December the stock is even 757 percent higher. This year the stock price moved between 70 and 695 dollar.

Historical stock prices Tesla Motors

Click here for dividend Tesla Motors. On Friday the stock closed at 695 USD.

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