{"id":39544,"date":"2023-01-04T12:03:50","date_gmt":"2023-01-04T17:03:50","guid":{"rendered":"https:\/\/autosector.com\/?p=39544"},"modified":"2023-01-04T12:03:50","modified_gmt":"2023-01-04T17:03:50","slug":"could-tesla-stock-reach-one-trillion-again","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=39544","title":{"rendered":"Could Tesla’s Stock Ever Again Enter The Trillion-Dollar Club?"},"content":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX<\/a>, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs<\/a>, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!<\/em><\/p>\n

Posted on<\/span>\u00a0EVANNEX on January 04, 2023,\u00a0by<\/span>\u00a0Peter McGuthrie<\/p>\n

Tesla<\/a> was a trillion-dollar stock most recently in April, but it has lost over half of its value since. Amidst economic downturn and increasing competition in the\u00a0electric vehicle sector<\/a>, some analysts are questioning whether or not Tesla could become a trillion-dollar stock again in the future.<\/p>\n

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Above: The Tesla lettering on a Supercharger. (Image:\u00a0Paul Steuber<\/a>\u00a0\/ Unsplash)<\/em><\/p>\n

The trillion-dollar stock club currently only belongs to Apple, Microsoft and Google-parent company Alphabet, according to a report from\u00a0The Motley Fool<\/em><\/a>. Since holding the title in April,\u00a0Tesla\u2019s stock<\/a>\u00a0has dropped in value by more than\u00a060 percent, and bulls and bears both have their own versions of what the tech-forward automaker\u2019s future could hold.<\/p>\n

Tesla is largely responsible for bringing the electric vehicle into the public eye by introducing the Roadster as a potential option for buyers with sufficient battery range, speed and acceleration. Now the company has a full lineup of somewhat-affordable EVs for consumers, causing most legacy automakers to start scrambling to catch up.<\/p>\n

Legacy automakers are beginning to catch up, though Tesla still held a whopping 64 percent of the EV space\u2019s market share by the end of Q3. Although that will slowly drop as more and more EVs become available to consumers, as evidenced by a drop from 75 percent in the first quarter, Tesla may be well-poised to handle the oncoming wave of new EV options.<\/p>\n

In 2022, Tesla has sold 347,000 Model 3<\/a> and Model Y<\/a> vehicles combined, outpacing the Ford Mustang Mach-E<\/a>\u2019s 28,000 units sold. Tesla\u2019s vehicles make up four out of six of the EV industry\u2019s current best sellers, including the Chevy Bolt<\/a> with just 22,000 units sold.<\/p>\n

Some think GM and Ford<\/a> could surpass Tesla\u2019s EV market share, including analysts at Bank of America. Tesla\u2019s market share is currently projected to fall just 11 percent in North America by 2025, and onlookers predict EVs to represent around 10 percent of all cars in just a few years. Additionally, Tesla\u2019s affordability is lacking compared to some of its legacy automaker-built rival<\/p>\n

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Although Tesla\u2019s stock would need to triple in value to hit a one-trillion-dollar valuation again, it certainly isn\u2019t out of the question according to\u00a0The Motley Fool\u2019s\u00a0<\/em>Rich Duprey. Emphasizing the long term, Duprey notes that Tesla still has \u201cplenty of opportunity for growth,\u201d adding that investors may need to wait several years if they hope to see a trillion-dollar value unfold.<\/p>\n

Source:\u00a0The Motley Fool<\/a><\/em><\/p>\n

===<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This article comes to us courtesy of\u00a0EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at\u00a0InsideEVs, nor have we been paid by\u00a0EVANNEX\u00a0to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of […]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39544"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/39544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39544"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}