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Commentary

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.

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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.