Why We Think Tesla (TSLA) Will Hit $1000+

should I buy tesla stock right now Alternative Finance News

Is Tesla $1000 Really Possible?

Tesla, led by the near mythical Billionaire Elon Musk, has been a powerful player in the EV stocks race since its inception in 2003. Musk’s vision for driverless vehicles, running on sustainable power, is rapidly becoming a reality. You can even ask early stock investors, who are enjoying massive profits of this powerful new tech sector – if they held. Here is Why We Think Tesla (TSLA) Will Hit $1000+. 

EV 1YR Returns

First things first, is Tesla the top performing EV stock? Below is a chart of the 1 year returns of Tesla versus NIO, courtesy of TradingView.

On a one year time scale, it is clear that NIO has enjoyed higher returns. This is due to the extremely depressed all time low set in October of 2019. Since then, NIO has rallied a monster 1300%.

TSLA is not far behind, rallying approximately 1000%. Regardless of the stronger percentage returns, the key question is – what now?

Why We Think Tesla (TSLA) Will Hit $1000+ alternative finance news

The Case for TESLA (TSLA) $1000+

Since mid-March TSLA stock has been on a face ripping tear, rallying from approximately $300 at the March lows to $2500, pre-stock split. Currently, the stock is hovering around the $450 range. So what caused this massive increase in investor sentiment towards the EV stock?

First off, in March, TSLA stock hit a very important technical point, the 200 day moving average. Losing this support level would have most likely forced Tesla into a deep bear market until the support level would be recaptured. Thankfully for TSLA bulls, support held and actually created a springboard for a massive short squeeze.

Next, TSLA’s second-quarter 2020 earnings report show a fourth consecutive quarter of profitability, a requirement for admission into the S&P 500. The report was nowhere near as bad as many expected, to the chagrin of TSLA bears, also known as the “TSLAQ crowd.” Unfortunately, TSLA ultimately was not added to the S&P500. However, the effect of this news did not discourage investors from accumulating ever more shares, despite a recent 10%+ dip. The stock continues to hover near the all time highs.

Why We Think Tesla (TSLA) Will Hit $1000+ alternative finance news

So what positive factors does Tesla have to continue its incredible momentum?

  • Tesla Cybertruck
  • Tesla Model 3
  • Fully Autonomous Fleet
  • Massive Battery Improvements
  • Tesla Semi Truck
  • Elon Musk

Tesla’s Cybertruck is by far one of the most unique looking vehicles out there. Without a doubt, the vehicle design is inspired by CEO Elon Musk’s vision to travel to Mars. One has to admit, this vehicle would look pretty cool for extra-terrestrial travel. There are estimates that pre-orders for the Cybertruck are in the 600,000+ range. It is yet to be seen that Tesla could even deliver on all of the pre-orders given their current production capacity. Nonetheless…this is BULLISH.

Tesla Model 3 production and delivery figures are incredible to say the least. According to CleanTechnica, as of 2020, Model 3 sales surpass that of the Nissan Leaf.  While the COVID19 lockdowns put a temporary dent in the production of Tesla vehicles, Mr. Musk has made it very clear that the company is fully back on track. So much so, in fact, that a recently “leaked email” shows the CEO’s intention of producing a record breaking 500,000+ vehicles this year. 🔥

Fully Autonomous Fleet. Wouldn’t it be awesome if our cars drove themselves? Barring the dystopian connotations, this is very much a reality. In fact, many Teslas already have a significant amount of autonomous driving features. This is just the beginning, and it is clear that Mr. Musk anticipates fully autonomous vehicles in the near future. VERY BULLISH.

Massive Battery Improvements are a game changer for the EV industry and is why the company is considered the “Alpha” of the EV pack. For more information on the future improvements discussed during this year’s Battery Day, please check here, here and here. Needless to say, with an anticipated 50%+ driving range increase and 50%+ decrease in cost, future Tesla vehicles will be extraordinary.

Tesla Semi Truck is probably one of the most bullish factors for the future of Tesla and its stock. You can find the official information on the semi truck here. According to the official site, the semi truck will have a 300 to 500 mile range and be able to accelerate from 0 to 60 in 20 seconds with a full load. That’s quite impressive! Especially when you factor in the cost savings on fuel.  For these reasons, it is no surprise that they are receiving massive pre-orders. No doubt this trend will continue, especially when companies like $HYLN and $NKLA are entering the commercial EV truck market. They want a share of one of the biggest industries in the world, and they will have to fight tooth and nail for it.

Elon Musk. While the CEO is obviously not a feature of the vehicles, it is unequivocal that Mr. Musk is the key to this operation. He has led the company. A little inside baseball…whenever you think TSLA is going to get “rekt” just don’t be surprised when Elon Musk has a PR trick up his sleeve ;). From 0 to 500 Billion in Market Cap…we recommend NEVER EVER betting against Elon Musk. Ever.


We hope these factors helps clear up why we think Tesla (TSLA) Will Hit $1000+ in the near future. The prospect of Tesla’s ever expanding line of vehicles, combined with battery improvements will continue to generate investor interest in the company for the foreseeable future. Most importantly is the inertia of the EV industry and the company’s subsequent market penetration into new markets. We believe electric vehicles will continue to replace conventional ICE (internal combustion engine) vehicles until the roads are 100% EV. There is no doubt we could be completely wrong and Tesla could crash to 0, but we remain extremely BULLISH despite all the noise.

If you’re interested in more stock advice, check out our latest article on Xpressa here, or Inovio here.

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