As if a 350% gain in 2013 weren't enough, Tesla (NASDAQ: TSLA ) shares are now hitting all-time highs. What should investors make of the stock at $200?
Tesla had its fair share of obvious catalysts in 2013. Here are just a few:
- The Model S earned an exhaustive list of accolades.
- Tesla improved production from levels of hundreds per year in the middle of 2012 to thousands per quarter in 2013.
- Tesla announced a rapid expansion of its Supercharger network.
- The company began deliveries in Europe.
- Tesla brought its Superchargers to Europe and began a rapid expansion of the network overseas.
- Tesla sold every car it produced on an advertising budget of zero.
These catalysts drove the stock's market capitalization to $25 billion, pricing Tesla as a major player in the automotive market. Given the company's wild valuation going into 2014, along with the fact that its 2013 performance is a tough act to follow, is there any oomph left to drive this stock any higher?
In the video below, Fool contributor Daniel Sparks discusses whether Tesla investors should consider selling shares at $200.
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