Tesla Up 40% Since Late-April Lows: Analyst Outlines 4 Factors That Can Keep Stock Turbocharged
Portfolio Pulse from Shanthi Rexaline
Tesla shares have risen 40% since late April, and fund manager Gary Black outlined four factors that could keep the stock rising: volumes growing more than 39% in 2023 and 27% in 2024, a 22% compounded annual growth rate of volume between 2023 and 2027, stable ASPs, and rising gross margins excluding regulatory credits.
June 05, 2023 | 8:58 am
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Tesla's stock has risen 40% since late April, and could continue to grow if volumes increase more than 39% in 2023 and 27% in 2024, with stable ASPs and rising gross margins.
The article highlights four factors that could keep Tesla's stock rising: volumes growing more than 39% in 2023 and 27% in 2024, a 22% compounded annual growth rate of volume between 2023 and 2027, stable ASPs, and rising gross margins excluding regulatory credits. These factors indicate a positive outlook for the company's performance and, consequently, its stock price in the short term.
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