All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Tesla's stellar operational performance represents another long-term edge - especially compared to less mature pure-play rivals, such as Rivian Automotive or Lucid Group. And unlike traditional automakers such as Ford Motor Company or General Motors, it won't have to cannibalize an existing gas-powered lineup to expand its business. With a market share of 13.8%, Tesla is the industry leader (second to BYD, which commands an 8.8% share). The electric vehicle (EV) industry may be in a similar situation to the one e-commerce was in two decades ago.Īnalysts at Statista expect the global EV industry to expand at a compound annual growth rate (CAGR) of 17% to $858 million by 2027 as government incentives and technological improvements drive growth. This suggests a possible upside of 18.2 from the stocks current price. On average, they predict the companys share price to reach 28.00 in the next twelve months. Their PINS share price forecasts range from 22.00 to 35.00. Megatrends can generate epic returns, even if not every company makes it to the finish line. 18 brokerages have issued 1 year price objectives for Pinterests shares. If you could go back in time to the decade from 2000 to 2010, would you invest in e-commerce or brick-and-mortar retail? For most people, the answer is e-commerce.
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