First, let's look at some recent history. Tesla went public in 2010 at a price of $17 per share. For several years, the stock traded in a relatively narrow range, but starting in 2013, the price began to climb. By 2020, Tesla shares were trading for over $500 each, and in early 2021, the price spiked to over $800 per share.
So what's been driving this growth? There are several factors to consider. First, Tesla has been producing increasingly popular electric cars that are well-reviewed by critics and consumers alike. The company's Model S, Model X, and Model 3 vehicles have won numerous awards, and Tesla has been steadily increasing production and sales numbers in recent years.
Another factor is the increasing demand for clean energy solutions. With concerns about climate change and pollution growing, many investors are looking for companies that are committed to sustainable practices. Tesla's focus on electric vehicles and clean energy production has made it a popular choice for socially responsible investors.
Of course, there are also some potential risks to investing in Tesla. The company has faced criticism for its high valuation and relatively low profits, which some investors believe are not sustainable in the long term. Additionally, Tesla faces competition from other automakers who are also investing in electric vehicles and clean energy technologies.
