That could be the total market capitalization of Tesla Motors (NASDAQ: TSLA). That’s IF Tesla stock reaches a newly issued $1,000 per share price target.
That price target is a healthy 92% premium to the current share price. Yet one small and undiscovered EV stock could deliver seven times bigger profits.
Shares of Tesla Motors continue to soar.
The latest good news came last week. That’s when Standard & Poor’s announced that Tesla would be added to the S&P 500 index.
Currently, some $11.2 trillion in assets are benchmarked to the S&P 500 index. This includes $4.6 trillion that’s invested in popular index funds such as the SPDR S&P 500 (NYSE: SPY).
Tesla’s inclusion in the index means that these funds must add a position in Tesla. An influx of buying could send Tesla shares higher before the end of the year.
Tesla’s inclusion in the S&P 500 is forcing Wall Street analysts to release even higher price targets.
However, there’s something unusual happening. These analysts are releasing two numbers on Tesla stock. The first is an optimistic “bull case” target price. And the second is a pessimistic “bear case” price target for Tesla stock.
In typical Wall Street fashion, these analysts are trying to play the media for big headlines. And they’re also trying to hedge their bets.
Let’s take a look at the latest recommendations:
- Wedbush Securities: The bull case gets a price target of $1,000 – yet the “official” price target is just $560.
- Morgan Stanley: The firm issues a bullish price target of $1,056 versus a bearish target of $250. And the official target is $540 – in line with the current price.
- Credit Suisse: The bullish price target comes in at $1,100. Meanwhile, the bearish scenario churns out a target price of just $39 / share.
You can see that these analysts aren’t quite ready to commit.
Yet I’m expecting that these same analysts will soon be recommending a new EV stock. In fact, most folks have never heard of this new company.
It’s creating a next-generation battery that could be used in EVERY electric vehicle. It charges in 15 minutes. And can extend the range of a car by 90%.
In fact, this single technology could soon be integrated into every EV from Tesla (and Toyota, General Motors, Mercedes, and all the major automakers).
Don’t wait for the Wall Street recommendations in January . . . because you can act now and claim Pre-IPO shares before this stock takes off.
Go here ASAP for urgent details (it’s 100% FREE).
Yours in Wealth,