Will Tesla stock go up?

Tesla Stocks: Is Tesla (TSLA) a Good Stock to Buy in 2023?

Tesla has been making headlines lately for their financial controversies. With all the news flying around, some investors may wonder if now is a good time to invest in Tesla shares. This article will review the company's recent share price performance, the key drivers of those fluctuations, and what analysts predict for the TSLA stock outlook in 2022 and the future. But first, let's dig into some past.

Is Tesla a Good Stock to Buy?

Will Tesla Stock Go Up?

Is Tesla stock predicted to go up?

 

If you're reading this article, you are probably wondering if Tesla stock will go up and if is Tesla a good stock to buy.

Both are very valid questions and I will do my best to provide the necessary information to help you better answer those questions.

Tesla's (TSLA) stock has been tearing up this year, rising more than 300% since 2020, while many other companies have been struggling to avoid bankruptcy.

On July 13, shares of Elon Musk's electric car company hit an all-time high of almost $1,800, and can you believe in 2010, 1 share of Tesla cost only $17?

Tesla has been making headlines lately for their financial controversies.

With all the news flying around, some investors may wonder if now is a good time to invest in Tesla shares.

This article will review the company's recent share price performance, Tesla stock split, the key drivers of those fluctuations, and what analysts predict for the TSLA stock outlook in 2022 and the future. But first, let's dig into some past.

Tesla Stock Price History

Is Tesla a Good Stock to Buy?

Tesla's stock price history has been one of ups and downs.

It went public at $17 per share and closed its first day at $23.89 but was soon corrected by market factors and traded for $3.84 by July 2, 2010. However, it slowly rose over time and reached $10.24 in April 2013 before skyrocketing to $32.37 by August 23, 2013. 

The graph above shows how Tesla's website has improved over the years as its market cap grew.

In January 2019, it was trading for $63.54; by May, it had fallen to $37.03, but by November, it had risen to $62.66. Just a month later, in December, it traded for $86.08.

Tesla's stock price has continued to rise since May 15, 2020, when it was trading at $159.83. On August 21, 2020, the price reached $410.00, and by the first week of December 2020, it was trading at around $599.04.

The stock price continued to rise throughout the year and eventually closed at $705.67 on December 31, 2020.

Tesla (TSLA) had a mixed year in 2021. On January 8, 2021, the stock price was $880.02 per share.

However, by May 5, it had dropped to $597.95. The stock price rose again to $717.17 on August 13 and climbed further to $843.03 on October 15. Two weeks later (October 29, 2021), Tesla (TSLA) traded at $1,114.00. By November 5, the stock price had increased to $1,222.09. There was minimal fluctuation after that, and Tesla (TSLA) finished the year at $1,056.

Will Tesla stock go up?

As we have seen, Tesla stock has been a good share to invest in the company continues to deliver higher returns to its investors, and it's also a safe stock to add to your portfolio.

So it's safe to say that if the company continues along the path that it currently is on, its stock will continue to go up barring any unforeseen circumstances or black swan events.

Is Tesla a Good Stock to Buy?

Tesla's long-term investment projections look very promising, with the value of Tesla's (TSLA) stock potentially reaching $1450 by the end of 2022, $1630 in 2023, and an average price of $1810 by 2025.

This is a significant and continued increase from where the stock value is now, and it can make any investor happy-go-lucky.

Experts have predicted Tesla's stock prices to continue rising above the $2550 mark in 2027 and end 2030 at around $3000 per share.

This means that now might be a good time to invest in Tesla as the market trend seems to be going upwards for the company!

Here's a great analysis on Youtube about whether Tesla is a good stock to buy and the Tesla stock split predictions.

Key Takeaway: Should I Invest in Tesla Stocks (TSLA)?

Tesla is an excellent company to invest in if you're looking for stocks as a way to build wealth.

With one of the world's most charismatic CEOs, Elon Musk, at the helm and a team that has been able to take the company from startup to the world's most valuable automaker in less than 20 years, Tesla is a company with huge potential for growth in the coming years.

Tesla's (TSLA) stock has undeniably been a top performer recently, making it one of the market's most lucrative and sought-after investment options.

In just two years, the stock went from trading around $100 to over $1,000 per share, and if history indicates future performance, there's potential for even greater gains down the road.

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