0

Your Cart is Empty

 

Tesla's TSLA Current Share Price Is a Good Deal as Big Gains Lie Ahead, Says Worm Capital

by Eva Fox April 20, 2022

Tesla's TSLA Current Share Price Is a Good Deal as Big Gains Lie Ahead, Says Worm Capital

Ahead of Tesla's (NASDAQ: TSLAearnings report, Worm Capital has high hopes for the manufacturer. The analysts wrote that the current share price of the company is a good deal for investors to buy, as there is a lot of growth ahead.

Tesla shares rose slightly at the market open as the company will announce its Q1 2022 financial results on Wednesday and can give some guidance for the next quarter. Some analysts are sure that long-term goals are the most attractive for investors.

According to a report released by Texas-based hedge fund Worm Capital, Tesla should rise easily and soon dominate the S&P 500. The hedge fund's Director of Research Eric Markowitz and Research Analyst Cameron Tierney are confident that the current stock price, hovering around $1,000, is still a good deal to buy. They believe that Wall Street is constantly underestimating Tesla's development in many business areas, its scale, its growing margin profile, and more.

“Conventional Wall Street analysis consistently undervalues ​​Tesla's multiple business lines, its massive scale, its expanding margin profile, its leading revolution in complex manufacturing, its approach to real-world AI, its vertical integration, its software stack, and much more,” the firm explained. “Our multi-year research effort into Tesla’s manufacturing capabilities and supply chain integrations suggest that Tesla is more than 6 years ahead of any competitor. This lead is expanding.”

The team explained that Tesla will dominate the electric car revolution, so the share price has huge upside potential. “We believe Tesla shares could offer a 10x return by 2030 – and potentially much more,” the analysts wrote.

Worm Capital also has an upbeat outlook on the Tesla Semi truck, AI, and Tesla Bot.

© 2022, Eva Fox | Tesmanian. All rights reserved.

_____________________________

We appreciate your readership! Please share your thoughts in the comment section below.

Legal Disclaimer --

This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.








Previous  / Next