#4 - Tesla (NASDAQ:TSLA)
How does Tesla, a carmaker, fit into this picture? Because Tesla is the cutting edge of technology representing the future of transportation; electric vehicles and autonomous driving. The company’s value lay not so much in the number of cars it can sell but in the technology it develops and how it can capitalize on that in future years.
Tesla has already unveiled its prototype electric semi. First revealed in 2017 the truck is slated for a production run in 2021 and the first models are expected to include Tesla’s self-driving feature Autopilot. Notably, the first 500 pre-orders were received within days of the unveiling and now there are thousands and the number is growing.
Two things the Tesla Semi have going for it are cost and fuel savings. The cost of the Semi is comparable to traditional rigs and come with significant fuel savings over the course of the year. You should expect to see these trucks on the road very soon but don't forget about the present. Tesla is firing on all cylinders as it is and expected to grow EPS more than 60% over the next 12 months alone.
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
Read More - Current Price
- $394.94
- Consensus Rating
- Hold
- Ratings Breakdown
- 17 Buy Ratings, 14 Hold Ratings, 9 Sell Ratings.
- Consensus Price Target
- $295.69 (25.1% Downside)
