Stock Snapshot | Tesla, Inc.

For most, there isn't a more interesting stock with as much coverage and a meteoric CEO than Tesla, Inc. Will it hit $3,000 a stock as Cathie Wood predicts? Will it bottom as many of the bears hope? Let's take a look together!

If you had invested $1,000 into Tesla back in March of 2020, when the market bottomed due to COVID-19, you would have over $6,600 today.

(I won't tell you what it would be if you sold it at its most recent peak of just over $900).

But besides that 1-year window and 600% price jump, what do analysts think of the stock moving forward?

What the Bulls Are Saying | The Optimists

One of the most public bulls is Cathie Wood, chief investor at ARK Invest. She has received a lot of publicity lately for her ARK Innovation fund, which recently had a record year earning over 130%.

ARK Invest's Logo

Undeniably, Tesla was the leader in their Innovation fund, which also holds companies such as Zoom, Square, Teladoc, Zillow and Spotify.

The premise of the fund is really cool, actually, since they work to research which companies have the power to shake up entire industries, such as CRISPR Therapeutics, which uses gene-based therapies to cure diseases.

Tesla stock has since fallen from its high $900 to around $630 as of March 25. What has Wood done while it's fallen? She's purchased more at what she deems a premium.

When you have such success as a fund manager, and $27 billion under management, you either double down on your fund leader or you throw it to the wolves and look for other opportunities. But throw it to the wolves she did not, as the fund purchased over 240,000 more in one day while it was in the red.

Is her target of $3,000 media fodder to help the fund or is it legit?

Well, it depends who you ask. Industry professionals have a high of $1,200 for the stock, which would be a doubling from its current level (as of 3/25).

Bulls see the company as much more than an electric vehicle maker. Here are its current ventures under the Tesla umbrella:

Tesla Powerwall

• Electric vehicles

• Self-driving tech

• Batteries

• Solar roof

• Insurance

• Power walls

In the future, Tesla could add StarLink - its satellite internet service - under the umbrella or make it a separate IPO altogether.

Some herald Musk as a tycoon beyond all measure, and if we look back at what has taken place so far we could say he's 30 steps ahead of us while the bears (pessimists) cannot see past step two.

We have to ask, what will it take for the stock to break through the $900 level again? Is it earnings? Is it unbridled optimism for its future as it shoves competition aside and reaches evermore approachable prices?

The company continues to spread its influence and I believe all signs point to it dominating a large share of the EV market, overall. It may not win out in China, but it can win out in other countries and when you ask progressive car buyers what their next vehicle will be - it's a Tesla.

What the Bears Are Saying | The Pessimists

Few have a bearish outlook for Tesla, overall. When they do, it's based on the following:

• The stock is over-hyped and always will be

  • Tesla was the recipient of a number of government subsidies and only turned out 159,000 vehicles last quarter

• Apple and other EV companies will steal market share

• The company won't be the main stakeholder in high population countries like China and India

The truth is that a lot of Tesla bears have called it quits, closing out their short positions and realizing their losses as the stock has climbed over 600% (or 6x) in a calendar year.

From The Visual Capitalist

Conclusion

If you're in on Tesla, Elon Musk, SpaceX or any other of his number of ventures you're in and you have to be ready to ride the wave.

All stock purchases are speculative, but as venture capitalist Chamath Palihapitiya noted history was always going to reward the one that revolutionized world energy use.

And although there's no silver bullet to energy transformation and conversion to cleaner alternatives, Tesla won't be a silver bullet company; however, it may a golden one when it comes to investing!

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Disclaimer: The Wealth Map does not provide specific investment/fund advice and does not guarantee personal investment returns. Talk with an unbiased, fee-only financial advisor for specific retirement or investment goals. The author is a stakeholder of this company.