Can Tesla Stock Reach $1,000 by 2030?
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Tesla stock has the potential to reach $1,000 per share by 2030 if there is a reacceleration of growth for the overall business. Last year, Tesla's sales increased by just 19%, a significant slowdown compared to previous years. However, the EV industry is still in the early stages, with EVs accounting for only 14% of all passenger vehicles sold worldwide in 2022. Tesla, commanding about 55% of the industry's unit sales in the U.S., is well-positioned to benefit from the continued growth of the EV market. If unit sales and revenue figures start to pick up and post growth similar to previous years, reaching $1,000 per share seems likely. However, there are factors that could temper expectations, such as the possibility of a higher-rate environment and intense competition in the EV space. Additionally, Tesla's current market cap of $560 billion and its trading at a price-to-earnings ratio of 41.7 suggest that its future gains may be more muted. Therefore, it is unlikely that Tesla's returns in the next six years will resemble the last five years.

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https://www.fool.com/investing/2024/03/31/can-tesla-stock-reach-1000-by-2030/