Tesla is a well-known electric vehicle and renewable energy company that has been making headlines in recent years. The company’s stock, which trades on the NASDAQ exchange under the ticker symbol TSLA, has been one of the most popular and talked-about stocks in recent years.
Tesla’s stock has had a volatile history, with extreme highs and lows. In the early days of the company, when it was still a startup, the stock was relatively stable, trading in a range of $20 to $30 per share. However, in 2013, when the company started to gain traction and began to deliver on its promise of bringing electric cars to the mass market, the stock started to take off. By the end of 2013, the stock was trading at around $150 per share, a gain of more than 500% in just one year.
Over the years, Tesla’s stock has experienced several ups and downs, driven by a variety of factors. In 2018, the stock surged to an all-time high of $389 per share, largely driven by the success of the company’s Model 3 electric car. However, in the months that followed, the stock plummeted, falling below $200 per share in late 2018 and early 2019.
Since then, the stock has experienced several periods of extreme volatility. In early 2020, when the COVID-19 pandemic hit and global markets went into a tailspin, Tesla’s stock was no exception. The stock fell by more than 60% in just a few weeks, as investors panicked and sold off their shares.
However, since the low point in March 2020, Tesla’s stock has gone on an incredible run, reaching new all-time highs on a regular basis. In January 2021, the stock hit an all-time high of $880 per share, driven by strong demand for the company’s electric cars and a renewed focus on renewable energy.
So, what’s driving Tesla’s stock price? There are several factors at play, including the company’s financial performance, its position in the electric car market, and investor sentiment.
From a financial perspective, Tesla has been posting impressive results in recent years. In 2020, the company delivered a record number of electric cars, despite the challenges posed by the pandemic. The company also turned a profit in each quarter of 2020, a significant achievement given the company’s history of losses.
Another factor driving Tesla’s stock price is its position in the electric car market. Tesla is the market leader in the electric car space, with a dominant share of the market. As more and more consumers look to switch from gasoline-powered cars to electric vehicles, Tesla is well-positioned to capture a significant portion of this market.
Investor sentiment is another important factor driving Tesla’s stock price. Tesla has a large and vocal fan base, who are often referred to as “Tesla bulls.” These investors are passionate about the company’s mission and believe that Tesla is poised to change the world. This enthusiasm can sometimes lead to extreme price movements, as investors rush to buy or sell shares based on their beliefs about the company’s prospects.
Of course, there are also risks associated with investing in Tesla’s stock. The company operates in a highly competitive market, and there are several other companies that are also vying for a share of the electric car market. Additionally, the company’s valuation has been a topic of debate among analysts and investors, with some arguing that the stock is overvalued.
Despite these risks, many investors remain bullish on Tesla’s stock. The company has a visionary founder in Elon Musk, who is seen as a driving force behind the company’s success. Musk has a track record of innovation and disruption, having previously founded PayPal and SpaceX. His vision for the future
