Chris Lau
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Chris Lau in Value Stocks,

Tesla: $400 Stock at 400K reservations

Tesla Model 3

  • 0 - 60 mph in under 6 seconds
  • 400,000 reservations
  • 215 miles
  • Tesla faces no competition. GM, BMW, Mercedes-Benz are not even close to this EV

MobileEye (MBLY) and Nvidia (NVDA) are also stocks investors should watch.

Risk: there will be more reservations than tax credits available, leaving buyers paying full price for a Tesla. How Tesla produces an EV selling only $35K is unknown. Where is the profit margin? Is Tesla banking on battery sales to make up for the low profit margins on Model 3?

Tesla to $400. Agree or disagree?