Should You Buy Tesla Stock While It's Below $627?

According to Dan Ives -- a popular sell-side analyst on Wall Street -- Tesla (NASDAQ: TSLA) will become a $2 trillion business by the end of 2026. That market cap roughly translates to a stock price of around $627 given the company's current shares. That's 44% higher than the stock's price at market close on Sept. 22. Given Tesla's potential over the next 15 months, should you be loading up on Tesla stock? I'd say only if you're extremely bullish on Tesla's new business segment, and there's reason not to be overly excited.What makes Ives so bullish on Tesla stock? After years of heavy investment to advance self-driving capabilities, Tesla launched a pilot version of its robotaxi service in Austin, Texas, earlier this year. Ives was present for the launch, experiencing the service firsthand. He called the experience "the future," adding that it "exceeded expectations." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool