Tesla Stock Price Prediction 2040

Tesla stock price prediction 2040.

This is now what investors are asking for.

Meanwhile, it’s nearly impossible to predict where the stock will be tomorrow!

In its early days, Tesla was a lock.  At least for those who understood that the company was in the pole position for dominating the EV market.  A market, by the way, that was launched solely by Tesla.

But a lot has changed since then.  In particular, increased competition and CEO Elon Musk’s decision to back Trump.

While I’m certain Musk’s bromance with Trump helped all of Uncle Elon’s companies  immeasurably, the downside is that a lot of Tesla shareholders became displeased with the stock’s performance shortly after Trump took office. 

They believed he took his eye off the ball and disregarded the sales declines that were pressuring the stock.  A legitimate concern, to be sure.  

But take a look at what happened to the stock last month, after Musk announced he was moving on from his short stint with Trump …

Shareholders don’t want Elon meddling in politics.  At least not in such a public way.

Indeed, Trump doesn’t have a particularly good reputation with EV buyers as most tend to lean left. And while there’s no data to show that Musk’s involvement with Trump affected sales, only a fool would believe that it didn’t have some impact.  How much, we’ll never know.  But I’d wager that a good 20% of new EV buyers eschewed Tesla because of Musk’s involvement in the Trump White House.

Of course, Tesla’s troubles haven’t been solely connected to that. 

Overall, EV sales have slowed over the past year (although they’re still growing faster than traditional internal combustion vehicles), and on a global scale, Tesla just can’t compete with China anymore. 

As I noted earlier this week, China is increasingly closing the gap and leaving the competition in the dust.  Particularly now, as BYD (OTCBB: BYDDY) just ignited a new price war that’ll make Tesla an even harder sell in markets outside the U.S.

But there is some good news for Tesla bulls.

Tesla Stock Price Prediction 2040: It’s Anyone’s Guess

Tesla got a nice bump this week after Musk tweeted this message …

Back to spending 24/7 at work and sleeping in conference/server/factory rooms

Here’s how the stock responded …

I’ve long  maintained that Tesla’s success lives and dies by Elon Musk’s hand. 

Without Musk, shareholders have little faith the stock can deliver.  And I don’t blame them.

The fact is, he’s the only person that was able to launch and profit from  the most successful EV brand in history – at the height of the Great Recession – and he’s the only one that steer that ship successfully. 

So how does this play out over the next 15 years?

I would never be so arrogant to assume I know where any stock will be by 2040.  But I do know this: as long as Musk doesn’t get distracted with politics and culture wars, shareholders will be happy, and the company will continue to blow minds. 

I see the next mind-blowing event for Tesla being its Robotaxi business, which, if rolled out successfully could push the stock to new heights.  For the sake of progress in our global transportation economy, and for shareholders, I hope I’m right. 

Jeff

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