The secret to Tesla’s success in 2015, according to CNBC, is investors look at it as a high-end technology company. It’s not a destination for people looking to bypass the gas pumps. “Tesla shares are due for a 30 percent comeback in the next 12 months based on the average analyst price target of $269.25 compiled by FactSet,” the site says.
Sure, Elon Musk, the founder of Tesla, saw his holdings drop $1 billion in the last month. Apparently he’s going to make it all back and then some in 2015. Analysts are expecting its Model X to be the game changer.
Predictions are Tesla shares should top Google, Netflix, Apple and Priceline in 2015. (Wait a minute – Priceline is still in business?) CNBC says, “… analysts are sticking by their bullish price targets for Tesla, seeing the electric car company as a high-end technology story and not an alternative energy story.”