A 27-Year-Old Analyst's Bold Tesla Bet Yields Staggering 14,800% Profit For Investor – He Still Sees Room For Gains
Portfolio Pulse from Benzinga Neuro
Owuraka Koney, a Wall Street veteran, remains bullish on Tesla Inc. (NASDAQ:TSLA) despite the company's 14,800% gain. Koney, who convinced his colleagues at Jennison Associates to invest in Tesla at an early stage, believes the company still has significant room for growth. He anticipates a surge of new cars in the coming years and expects the auto industry to undergo massive consolidation. Koney projects that by 2026, Tesla could be producing twice the two million cars it's expected to deliver this year.
July 19, 2023 | 9:28 am
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Owuraka Koney, a Wall Street veteran, remains bullish on Tesla Inc. (NASDAQ:TSLA) despite the company's 14,800% gain. He believes the company still has significant room for growth and could be producing twice the two million cars it's expected to deliver this year by 2026.
Koney's bullish stance on Tesla, despite its already significant gains, indicates his belief in the company's growth potential. This could potentially influence other investors and drive up the stock price in the short term.
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