Tesla has been continuing to increase, but as usual when the popular tech stock spikes, there is little to no consensus to be found both regarding its immediately future and its status as a blue chip investment. While clearly Elon Musk's brainchild has become a major force in the industry...which industry that actually is, exactly, is somewhat unclear.
Musk has focused his efforts on an intellectual cornering of many major patents, while $TSLA itself still ostensibly is an automobile manufacturer. Investors know to think beyond the car itself to the brain and heart of the machine, its lithium ion battery. A technology that will continue to be a staple in industries far beyond the automotive, it has real appeal to those playing a very long-term investing game.
That is, after all, essentially what Musk is doing himself. While there is real competition to corner the electric-hybrid truck market, a race with Ford, the real hope of Tesla's long-term status is more reliant on being innovative, not on being "THE" manufacturer of a hybrid car. This somewhat conflicting paradox at least partly lies at the stem of those debating the merit of its established value today of $1025 per share. It is joining the 1k club, with opinions still completely all over the board both as to why, and how, it happened. Fun times.
Happy investing!
Musk has focused his efforts on an intellectual cornering of many major patents, while $TSLA itself still ostensibly is an automobile manufacturer. Investors know to think beyond the car itself to the brain and heart of the machine, its lithium ion battery. A technology that will continue to be a staple in industries far beyond the automotive, it has real appeal to those playing a very long-term investing game.
That is, after all, essentially what Musk is doing himself. While there is real competition to corner the electric-hybrid truck market, a race with Ford, the real hope of Tesla's long-term status is more reliant on being innovative, not on being "THE" manufacturer of a hybrid car. This somewhat conflicting paradox at least partly lies at the stem of those debating the merit of its established value today of $1025 per share. It is joining the 1k club, with opinions still completely all over the board both as to why, and how, it happened. Fun times.
Happy investing!