Tesla Picked as Hot Stock for 2015
Don’t sell your Tesla investments just yet. It’s apparently a hot stock pick for 2015 according to Wall Street experts. But wait, I know what you’re saying — isn’t Tesla stock in the doldrums because of falling gas prices? Apparently, Tesla’s electric vehicles aren’t held in high regard for being fuel sippers and the delayed Model X will help turn things around. RELATED: See more photos of the Tesla Model X concept
The secret to Tesla’s success in 2015, according to CNBC, is investors look at it as a high-end technology company. It’s not a destination for people looking to bypass the gas pumps. “Tesla shares are due for a 30 percent comeback in the next 12 months based on the average analyst price target of $269.25 compiled by FactSet,” the site says.
Sure, Elon Musk, the founder of Tesla, saw his holdings drop $1 billion in the last month. Apparently he’s going to make it all back and then some in 2015. Analysts are expecting its Model X to be the game changer.
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Predictions are Tesla shares should top Google, Netflix, Apple and Priceline in 2015. (Wait a minute - Priceline is still in business?) CNBC says, “... analysts are sticking by their bullish price targets for Tesla, seeing the electric car company as a high-end technology story and not an alternative energy story.”
Dig deep into your couch. See how much coin you can spare to invest in Tesla. You might seem some good returns in 2015.
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