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We Bought Tesla At Its All Time High Even After It Grew +500% The Past 12 Months
By Mr And Mrs Budget  •  July 13, 2020
Earlier last week, Mr Budget finally made the call to initiate a position on Tesla, despite its insane price level, and we wanted to pen down our quick post mortem thoughts on the counter. For some context, Tesla, which is well known for producing its electric cars, also manufactures battery energy storage, solar panel and solar roof tiles. Its share price had more than tripled since January this year alone, an impressive feat for any company. If you look at 1 year ago today, its share price was just at USD253, and had grew more than 6 times to its current price of USD1544. Insane. And it seems highly unlikely that the stock price will continue going up because it will need to reach USD3,000 per stock to give a 100% return based on the current price level. Its current market cap also surpassed Toyota’s market cap, making Tesla the most valuable automobile company in the world....
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By Mr And Mrs Budget
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