Should I Buy Tesla Stock Now?

Here's what you have to believe to justify the eye-popping value that the market is placing on the company's stock.

Feb 2, 2021

Mentioned: Volkswagen AG (VOW3) , Tesla Inc (TSLA) , General Motors Co (GM) , Berkshire Hathaway Inc (BRK.A) , Edison International (EIX) , BorgWarner Inc (BWA) , Ford Motor Co (F) , Berkshire Hathaway Inc (BRK.B) , Sociedad Quimica Y Minera De Chile SA (SQM) , Toyota Motor Corp (TM)

Editor’s note: As of Feb. 24, we increased our fair value on Tesla to $349 from the $306 mentioned in this article.

Tesla's (TSLA) stock price surged an astounding 743% in 2020, a growth rate that would have put many dot-com stocks to shame during the tech bubble in the late 1990s. Although the stock briefly dipped at the end of January 2021, the price has risen another 24% thus far this year.

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David Sekera does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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