Fitz-Gerald is also a big believer in the man running Tesla Motors, Elon Musk.
“You hardly ever see this recognized in the mainstream media, but Tesla has one irreplaceable asset that also happens to be its greatest advantage over its competitors,” Fitz-Gerald said. “The company has been blessed with the most innovative CEO on the planet: Elon Musk.”
“Creativity as a thinker who can’t be boxed in by entrenched competitors, the ability to cheerfully put tens of millions of his own money behind his vision when necessary, a solid grasp of what technology means for the industry he operates in… all of these are great qualities in a CEO. Any company, big or small, is lucky to have a chief executive with just two of them. Tesla has all three in Elon Musk.”
Despite the Tesla stock price’s dip in the past month, TSLA is still up 67% in 2014, and 655% since the start of 2013.
Other research groups are backing the long-term potential of TSLA as well. Global Equity Research has a 12- to 18-month price target of $385 on Tesla. ISI Group holds a “Buy” rating and a target of $320. Stifel Nicolaus is the most bullish of all, with a target of $400 for the Tesla stock price.
“This company is on track to see a stock explosion that will make its surge back in the spring of 2013 look like a speed bump,” Fitz-Gerald said.
The key is to view TSLA stock as a long-term investment, and ignore the day-to-day noise that can often bombard investors.
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