Tesla Stock Forecast: Why Tesla’s Stock Has Improved – Upside Potential
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- Tesla’s stock has 5-day return of more than 5%. I am still endorsing the stock as a buy right now.
- Tesla is now profitable and has a positive quarterly cash flow. It is now finally starting to fulfill its super high valuation.
- The recent all-stock purchase of Maxwell Technologies boosted Tesla’s future as a battery/power storage company.
- Maxwell Technologies has one of the best patents and intellectual properties on ultracapacitors. Ultracapacitors are like batteries – they store electrical energy.
- TSLA has a bullish one-year market trend forecast score from I Know First.