Tesla (NASDAQ: TSLA) is Heading to $300!

Jeff Siegel

Written By Jeff Siegel

Posted February 21, 2017

Tomorrow, Tesla (NASDAQ: TSLA) will report Q4 results.

Right now, there are two camps wishing for two different things.

There are the loyal Tesla shareholders who know that if Tesla delivers, $300 could be in store this year. Not only would that make these folks the recipients of a major gain, but it’ll also give them the sweet satisfaction in giving the proverbial middle finger to all those Tesla shorts that have been screaming from the rooftops that Tesla is a dog. These are the people that represent the other camp – the angry and tired Tesla bears.

We’ve been hearing their warnings of the Tesla downfall since before the company went public, and every quarter we hear them again.

Tesla is overvalued!

Tesla is a scam!

Tesla couldn’t exist without government support!

Blah, blah, blah, ad infinitum.

Regret is such an ugly color.

Although I’d be lying if I said I have no regrets about my own investment in Tesla.

It’s true.

I personally took a bite out of Tesla right after it went public. But I completely regret my decision to unload it at around $210 a share. I fully admit that the noise of the haters must’ve gotten to me, as I really never had any sound reason to unload my position.

But that doesn’t mean I don’t still root for Tesla.

Tesla at $300

I’d be lying if I said that I haven’t experienced tremendous joy in watching so many electric car naysayers miss out on such a great opportunity. Particularly those who have been warning about Tesla’s demise for the past seven years.

Of course, I suppose if you keep calling the end for anything, eventually it could happen. The basic fundamentals of the product life cycle tell us this. And certainly we’re about to see this with the incredibly outdated internal combustion engine, which is now beginning its descent into the “decline” stage.

But even if Tesla disappoints tomorrow, rest assured, the company will be far from impending doom, which I’m sure you’ll hear all about regardless of how earnings look. It’s just part of the burden when building an innovative company with such strong potential for massive disruption.

In the meantime, I’ll just continue to look at this chart and wait patiently for my Model 3, which is being paid for with some of the money I made from investing in Tesla back in 2010.


Even if earnings don’t impress, Tesla’s still going to hit $300 this year. Mark my words!

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