Where Will Tesla Stock Be in 1 Year?

Tesla (NASDAQ: TSLA) is having a volatile year as investors toggle between weak vehicle demand and rising hopes for autonomy. The electric-vehicle pioneer also sells energy storage systems and runs a global charging network, but the story dominating the stock is Tesla's push to commercialize self-driving. Indeed, shares trade around $420 as of this writing, following a sharp rebound in recent sessions that was fueled by renewed optimism around Robotaxis and AI.The next 12 months won't be decided by a neat model or a single datapoint. If an autonomous ride-sharing network takes hold, it could spark a wave of new orders and a higher-margin services business layered on top of the installed base, justifying Wall Street's recent optimism for the stock. If it doesn't, investors are left with a cyclical auto company investing heavily in ambitious and costly projects. Therefore, the honest answer to "Where will Tesla be in a year?" is that the range of outcomes is unusually wide.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool