Tesla-Zero emissions in perpetuity

Tesla is an American electric vehicle and clean energy company that manufactures electric cars, battery storage solutions and solar panels.Tesla is a relatively new company that was founded on 1st July,2003 out of San Carlos , California by Martin Eberhard and Marc Tarpenning. The company came to limelight after its acquisition by Elon Musk and its endorsements by various Hollywood stars looking for clean sports vehicles.Tesla went public on June 29, 2010 with an initial price of 17$ per share.

Tesla currently trades at 975$ to 1,000$ with a market cap of 993B $.Rising awareness on the effects of carbon emissions has been a contributing factor to the development of the Electric Vehicle Market which is dominated majorly by Tesla in the USA.Back in August, Tesla announced a stock split and since then share prices have increased by nearly 200% on a split-adjusted basis. Tesla has consistently grown in stock value which is highly catalysed by the actions of their CEO Elon Musk.

Tesla is extremely volatile and this is visible from their 12 month price forecasts which include diverse forecasts such as 67$ and 1400$ with a median target of 860$ meaning a 16% decrease from their last price of 1033$.A sharp jump of 70B $ is expected in 2022 and an increase in EPS to 8$ is also predicted but Tesla has seen a bullish movement in the past 6 months which is expected to humble down as the market corrects itself.

Tesla is a company that has always stayed on the top of controversies and headlines worldwide much due to their new acquisitions of the Gigafactories and also the social media actions of their known CEO Elon Musk. The bullish movement seen in Tesla Stock is quite unjustified and its cause can either be traced back to the actions of Musk or the conspiracy of collusion which are both weak cases for growth.Tesla occupies a monopolistic position in the EV market as they were one of the first players to enter the market when it was just in its infancy.This is one of the main contributing factors to their dominance.Tesla has also always stayed on the top of the innovation side with development of new battery technology which has drastically brought down the prices of electric vehicles.Currently on track to master the Nickel Iron Aluminium Batteries, this would be a breakthrough in EV technology which would allow the mass production of EVs in global markets without the use of scarce resources such as Cobalt and Nickel that require intensive mining and refining processes to be commercially used.The brand has good customer recognition and is employing great new technology in its vehicles such as autonomous driving capabilities.On the bad side, Tesla has been involved in many controversies such as the SEC lawsuit on his tweets and the non compliance of the GAAP reporting standards.Tesla has been heavily criticised for their delays in vehicle deliveries and have also been fined heavily by the US Environmental Protection Agency for the environmental impact the Nevada Gigafactory has caused on the environment.With new entries of brands such as Lucid Air and BYD (Build Your Dreams) , the future seems bleak for Tesla.Tesla may thrive in this new competitive market but can even perish with new competition that is backed by known investors.The future is heavily dependent on the development and the patent of the new battery technology that Tesla is currently developing.