TSLATesla had a nice run-up from its February ’16 low of $143 to an April high around $265. It has shrunk back since then to about $215, but a few analysts think the stock could go as high as $300 over the next 12 months. Any feedback on this prediction?
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Look at the financials. They are burning cash, deeply in debt, and now they are going to welcome Solar City into the boat with equal bonfires of cash. The financials do not presage a lengthy and profitable future for Tesla.
Wall Street analysts are not paid by investors and therefore don’t work for investors.