Tesla’s stock ticker price having grown about seven times within a year has produced a lot of attention and wars between the bulls and the bears. Even speculators who are extremely optimistic about Tesla are still intimidated by its volatile growth, arguing that the stock is unstable and overvalued. Tesla is definitely capable of producing long-term growth, turning to be an automotive giant like Audi, as long as they continue to innovate. And with a man behind the company who proposes a “5th mode of transportation,” known by Elon Musk as the Hyper Loop, Tesla still has the thinking power to provide innovation.
Elon Musk reimagined the electric car and is changing the industry. Everyone understood that the electric car is the future, but Elon decided that it would be now. Somebody had to do it, he says. The electric car only stands a chance of replacing the petrol powered vehicles if they’re better. People want a car that has great performance, safety, practicality, range and looks. Tesla did this with the Model S; creating a beautiful, practical, high-performance, long range luxury sedan with the highest safety standard ever to have been tested in an automobile. Yes, safer than those old Volvos sedans with the excessive hood space in the front.
I’d like to talk about something Joe Biden from 2008: “Imagine with me for a moment. Imagine America. Imagine a world, where people pop the hood on their cars, and they see stamped on an electronic motor the words: Made in America.” – Joe Biden (-ish) I say –ish because this is his quote rephrased in the coolest possible way by Schmoyoho. Watch the video below to see Youtube Stars, Schmoyoho also known as the Gregory Brothers, take the presidential campaign news of 2008 on an adventure through the audio processor known as Auto-Tune. Anyway. It was then when Joe Biden mentioned his dream of American engineered & built electric cars – and to get straight to the point: it’s now called Tesla. Although the Model S is not Tesla’s first car, which was the Roadster, it is the starting point of Tesla’s approach to the masses. The Model S is a mid-price, (high for most of us) Mid-volume luxury sedan that is like no car out there. Tesla is planning to take this step further by having a high-volume, low cost vehicle. Tesla will have to be competitive because these cars are starting to pop up in the market, such as the Chevrolet Sonic, or the BMW i3.
Tesla is on route to be an incredible auto manufacturer, and the people buying shares seem to think so too. Tesla’s growth is obviously fast. Probably too fast, in my opinion. With the limits of battery production, and Tesla’s increased production costs, the value of the stock can’t possibly reflect the current price of Tesla. I don’t hold any positions in Tesla but I say Tesla is set for long-term growth, but I believe that it’s due for a major correction soon. However, remember that a long-term position isn’t affected by corrections, or even an economic collapse.
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