Tesla Motors (TSLA) is continuing its improbable climb higher and is currently trading at nearly $250 a share

Jay Soloff

Argonath Financial

Tesla Motors (TSLA) is continuing its improbable climb higher and is currently trading at nearly $250 a share. That's a whopping $30 billion in market cap for a company with about $2 billion in revenues. Nevertheless, it's hard to argue that Tesla has the potential to be real game changer. Tesla's Model S was just picked as the top auto of 2014 by Consumer Reports - perhaps the most important automobile ranking out there. More importantly, Morgan Stanley raised its 1-year projection of TSLA's share price to $320 on the company's potential in both the auto and energy industries. TSLA plans to open a huge lithium-ion battery factory to help make its vehicles more affordable. These batteries could also be used for general energy storage and could help support the electric grid. The Elon Musk/Tony Stark comparisons are becoming uncanny.

3 topics

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment