With the wild success that Tesla EV sales saw this year, it’s no surprise people want to get in on the action. But for someone looking to buy a Tesla share what is it going to take to purchase one today? The Tesla share (TSLA) is one attracting a broad spectrum of investors. But is it a good buy? How much do Tesla shares cost?
We’ve done some digging so we could give our readers an easy answer to a question a lot of people are asking. Remember that the market is dynamic. It is a living breathing entity that constantly changes. But for now, here’s what we know.
How much is a Tesla share?
When the Tesla stock (TSLA) first emerged on the open market, “13,300,000 shares of common stock were issued to the public at a price of US$17.00 per share,” according to Wikipedia’s History of Tesla, Inc. Since then TSLA stock prices have grown significantly. At the time of this writing, the stock market is in after hours.
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So, if you head over to MarketWatch to look at the TSLA stock prices, we see a valuation at $670.90. As we mentioned already, the stock market is in continuous motion. How much do Tesla shares cost? Technically, the value differs daily. If you are interested in buying into a TSLA share, you might want to seek guidance from someone with stock market experience.
Is it a good stock to buy?
After a wild year in 2020, many are wondering if Tesla is a good stock to buy. Everyone wants to make wise investments. However, it can be intimidating if you are new to the game. NerdWallet explains that there are several things we may want to consider before buying a TSLA share.
“wild up-and-down share price swings are a hallmark of the stock’s performance”NerdWallet
We do know one thing––Elon Musk tends to be unpredictable. Share prices soar upward and then recede like a volatile and irregular ocean tide. Yes, every stock price goes up and down. But not all of them are quite the roller coaster we’ve seen with TSLA shares.
In 2020, stock prices started around $90, according to Markets Insider. Then by the close of the year, the stocks had grown so that buying a Tesla share cost over $700 as 2020 came to a close. Sources report that TSLA grew 740% in 2020. But will growth like this be a continued trend? Apparently, the professional opinions are pretty split in terms of the future of TSLA shares.
Projections for the future
Professional associates of JP Morgan, like analyst Ryan Brinkman, believe that the TSLA stock is “not only overvalued but dramatically so.” They predict that the future could get rocky for Tesla investors. At some point, the growth may not continue on its current trajectory.
Then over at Goldman Sachs, there is a “neutral” opinion of Tesla’s share values. The possibility for steady growth or at least a sustained value is higher in the eyes of the associates there. Especially considering the present movement toward electrification in the auto industry. In fact, professional opinions in terms of buying a Tesla stock are pretty all over the place right now.
Even more so after last week’s dip in the market which coincided with a confirmed factory closure at a California plant. Elon Musk stated that the factory did in fact close due to a supply shortage. However, the plant is now back up and running. The 8% dip we saw for TSLA should have no issue recovering, but not knowing exactly what the future holds is really just the nature of the beast in this case.