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Published on February 28th, 2014 | by James Ayre

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Tesla Stock Hits New High Of $264 A Share — Thanks To Report On Gigafactory

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February 28th, 2014 by
 
teslalogoTesla’s stock has exploded upwards once again, climbing up to about $264 a share at about 10:00 am on February 26th — that’s a climb of over 15%, and only a week or so after a separate large percentage jump.

The most recent big boost that the stock received is largely down to all of the talk going around about Tesla’s soon-to-be-built Gigafactory, and a report that the market analysts over at Morgan Stanley released about that.

The expectations expressed in the report are very optimistic — anyone who trusts the judgement of the authors would be hard-pressed not to invest further, given the great potential for further growth that is noted.

AutoblogGreen provides more details about the report:

Authored by analyst Adam Jonas, the document looks forward to a Utopian future (around 2026, for those anxious for such a thing) where it is predicted that Tesla will enjoy a commanding share of both the battery and autonomous automobile market, and its revenues will be sixty times that of today. Sixty times. That’s a pretty sunny outlook. Not incidentally, the financial services company also has doubled its target price for TSLA, from $153 to a nice, round $320.

That rosy outlook report is not necessarily the only thing filling the sails of the California automaker today. Consumer Reports has also added to the momentum, naming the Tesla Model S its best overall top pick for 2014. And now we hear that Panasonic and some partners are interested in investing almost a billion dollars into Tesla’s new gigafactory.

It’s of course hard to say exactly what will happen when talking about something as volatile as stock prices, but, that said, it does look as though Tesla has placed itself on a solid course for growth, one that will likely make the company’s stock continue to appear as a strong choice for investors.

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About the Author

's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.



  • Kyle Field

    This is getting a bit too speculative for my interests to the point of being counterproductive. It’s a bubble. Yes, they are awesome, but this is a bit ridiculous.

    • http://zacharyshahan.com/ Zachary Shahan

      i agree. i think the long-term value will be up here & much higher. but i think the time for that is way too far out to make this a stable valuation today. waiting for a pop. but who knows — the market is crazy.

      i thought about a year ago that it was an excellent time to buy TSLA, right around the time of the Broder story. Think the price was around $30 then. if i had been in stocks at that time, definitely would have bought. but i also probably would have gone ahead and sold when it got above $100. $250 is super freakin speculative, imho.

  • Michael Berndtson

    It truly is great news that Tesla and investors see a need for spending billions on a battery plant, almost in spite of stock price concerns. Stock price doesn’t really go up or down with capital investment. Stock price almost moves counter to capital investment. Meaning that a business that spends money on itself, doesn’t allow too much room for imaginary stock price valuation. The balance sheet actually means something.

    For example, a tech company who supplies vaporware and social apps for smartphones, have such high stock valuations, because its businesses have little need for major capital investments (like a fab plant) and a potential for viral growth (lots of teenagers who find the app cool). This is where public relations professionals and stock pumpers/dumpers move in – instead of say electrical, mechanical and industrial engineers.

    What’s really cool is that Tesla, as a high tech company, is a real business that makes real stuff, yet its stock price is high.

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