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Tesla (TSLA - Free Report) stock seems to be on an endless rally to the moon. Today’s 7% jump was catalyzed by better than expect vehicle deliver figures for Q2.
Tesla delivered an astonishing 90,650 cars over the past 3 months. This figure blew analysts’ delivery expectations (72,000 vehicles) out of the water. Tesla is now the most valuable car company in the world by market cap surpassing Toyota (TM - Free Report) .
Optimistic investors are betting on Tesla taking over the automotive world, but this enterprise still has a long way to go.
Tesla just sold its 1 millionth car in March, which is less than 10% of what Toyota sells annually. The world’s largest automakers are not going to sit idle while some Silicon Valley startup upends their industry.
I expect that competition will surge in the years to come and Tesla’s valuation will be tested.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Why Tesla (TSLA) Shares Are Soaring Today (Again)
Tesla (TSLA - Free Report) stock seems to be on an endless rally to the moon. Today’s 7% jump was catalyzed by better than expect vehicle deliver figures for Q2.
Tesla delivered an astonishing 90,650 cars over the past 3 months. This figure blew analysts’ delivery expectations (72,000 vehicles) out of the water. Tesla is now the most valuable car company in the world by market cap surpassing Toyota (TM - Free Report) .
Optimistic investors are betting on Tesla taking over the automotive world, but this enterprise still has a long way to go.
Tesla just sold its 1 millionth car in March, which is less than 10% of what Toyota sells annually. The world’s largest automakers are not going to sit idle while some Silicon Valley startup upends their industry.
I expect that competition will surge in the years to come and Tesla’s valuation will be tested.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>