not vested
Tesla: How and Why It Will Reach $300
By Sam Quirke
Shares have been rallying since January and still feel cheap.
Further tailwinds have emerged in recent weeks that have added fuel.
Technically, $300 now represents the most logical price target.
Beyond a revitalized Musk and boosted market share expectations, Tesla shares are also benefiting from tailwinds in the form of price increases in China, considered to be the world's largest EV market, as well as the fact that prominent investor David Tepper's hedge fund, Appaloosa, recently added to its Tesla stake.
Pprice-to-earnings (PE) ratio is still only 65, suggesting they've seldom been as cheap compared to their quadruple PE ratios of recent years.
Tesla shares are on the verge of moving into the $240 zone, where they'll have cleared the closest resistance. The next technical target after that? You guessed it, $300.
Source: MarketBeat.com
https://www.investing.com/analysis/tesl ... s_headline