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3 Reasons Investors Are Bullish on Tesla

By Jose Najarro - Apr 5, 2021 at 11:07AM

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Here are a few reasons to be bullish on Tesla right now.

Tesla's (TSLA -6.92%) stock price is up big due to its recent production and delivery numbers for the first quarter of 2021. Here are some reasons to be excited about the stock. 

  1. Production/delivery numbers: Tesla released its Q1 production and delivery numbers that beat Wall Street expectations, even with the material shortage that forced its California plant to shut down for a few days. 
  2. Price target increase: Analysts have begun to increase price targets for the company. The most notable was Wedbush, with a price target of $1,000.
  3. Strong fundamentals: Tesla is currently profitable, positive in cash flow from operations, has strong growth expectations, and has a healthy cash-to-debt ratio.

Click the video below for my full thoughts. 

*Stock prices used were the closing prices of April 1, 2021, and premarket of April 5, 2021. The video was published on April 5, 2021. 

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