This electric car company shocked Wall Street last quarter, posting EPS of $0.71 vs. the -$0.54 analysts had expected. For this year and next, seven and six analysts, respectively, have increased their forecasts for the business.
Tesla Motors, Inc. (TSLA)
From Top Stock Insights
Tesla Motors, Inc. (TSLA) isn’t exactly unknown to the investing public. However, we think that the market is generally unaware of its full range of initiatives.
Tesla is so much more than luxury cars. Its partnership—and soon, marriage—with SolarCity (SCTY) is part of a vision that we will soon harness all our energy from the sun, store that energy in Tesla batteries, then use that stored energy to power our homes, cars, trucks, places of work, just about everything you can think of.
This vision may soon become a reality, as we know Tesla is aggressively pushing into mass-market automobiles as well as trucks, and a number of other vehicles. We know that Tesla is working to make its batteries significantly cheaper to produce, and we know that Elon Musk is not afraid to dream big and take on entire industries.
Though Tesla is not without stiff competition, we think that the company’s branch-out into freight trucks and other utility vehicles will change the automobile industry forever.
We expect Tesla to be a major player in the future—not just in the automobile market but in energy and industry, as a whole. We think the market continues to underestimate the outsized role Tesla will play in the future.
Ian Wyatt, Top Stock Insights, www.topstockinsights.com, 866-447-8625, October 21, 2016