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All Posts Term: Predictions for Tesla Stock
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Market NewsTechnology

Why Do Millionaires Consider Tesla Inc. the Best Investment in 2020?

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During the tropical seasons of August 2018, Elon Musk on an interview, which went so viral and contravention, predicted that the Tesla company stock would hit the magic number of 420 US dollars by taking Tesla private. The price was a 20% premium during that time.

Tesla Troubles

Shortly after the podcast, Elon Musk seemed to take a hit on a marijuana cigarette, leading to the judgment of Elon Musk’s behavior among investors and board members. This issue even reached the SEC (Security and Exchange Commissions), forcing him to step down from the chairman position for more than 3 years.

Fortunately, Elon Musk has secured a legal achievement during the month of December.

Tesla faced plenty of challenges like distribution challenges, a sales slump and quarterly losses. All of this led to heavy losses in Tesla shares, as low as 117 dollars a share in June.

In recent months, there was a great shift in the wind for the Tesla team and Elon Musk. The rise in sales boosted Tesla to a great gain in the third quarter, they introduced the fourth car, and even completed the construction of a new factory in China, the world’s largest potential market for electric cars.

After two months of complete exertion, Tesla is instantly over the share price offered in the last year.

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