The Model 3 in 2021, became Tesla’s best-selling vehicle at over one million units.Īccording to, the Tesla Model Y was the world’s best-selling car in the first quarter of this year selling 747,500 units of the Model Y, a 91% increase from 2021. Tesla’s electric vehicle products include: the Tesla Model S, Tesla Model X, Tesla Model 3, and the newly released Tesla Y. Will it 11X value again? 2023 Sales Forecast The media attacks on Musk and Tesla have been frequent, yet there is something too compelling about the company that makes it a good bet. The government remains a threat to the profitability of TSLA stock however. That rebate was not okayed for Tesla by the Biden admin until recently. The company is a leader in robotic technology and refers to itself as the world’s biggest robot company.ĭespite an adversial relationship with the Dem socialist government, the company’s fortunes have grown, powered by a climate change initiative that provides rebates for electric vehicles. It has alos built a factory for designing and producing microchips to power its fleet of self-driving vehilces. Nothing seems to really slow this company down however.Įlon Musk’s successful company also manufactures rechargeable batteries, solar panels, and solar power systems. Q1 results for Tesla wasn’t outstanding as a number of threats emerged including government law suits. Clearly, a huge market remains for Tesla and it may be most capable of expanding and accessing those buyers from 2024 onward. Tesla is the leader in the EV market and in Q1, 2023 electric vehicle sales rose above 250,000 units to give US EV makers 7.2% of total auto sales. Some investors believe a bull market is ahead, yet if the US sinks into a downturn, would TSLA stock make a good buy? This year again, the company’s stock has jumped in value. Tesla dominates the EV market and many investors believe that will continue.įrom February 2020 to November 2021, TSLA stock price grew 1100% making many investors rich in short period of time. It’s built a stellar brand reputation among auto buyers who prefer a new era of environmentally friendly, clean energy powered vehicles. As you’ll see below, the EV market is growing in 2023, and investors wonder if TSLA is the stock to buy as we head to the recovery in 2024. Tesla is the world’s premier AI company and electric powered automobile manufacturer.
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