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Tesla Stock Forecast: Is Now the Time to Invest in TSLA Stock

Thursday, April 13, 2017 3:43

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Tesla Stock Forecast Jumps with Market Cap

Tesla Inc (NASDAQ:TSLA) passed a huge milestone with its market cap overtaking General Motors Company (NYSE:GM) as the most valuable U.S. auto firm. The electric car company is looking to turn its potential into reality as Tesla’s value now outranks its competitors. But with General Motors Company, Ford Motor Company (NYSE:F), and many other auto manufacturers selling far more vehicles than Tesla, is the valuation appropriate? More importantly, what does the news mean for the Tesla stock forecast?

The thing about TSLA stock is that it is running on hype right now. Elon Musk wants to deliver the car of the future, and as such, investors are betting big that Tesla will be able to not only sell tons of vehicles, but also be able to produce the requisite number of them on time to actually match its market cap.

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