Part 5/12:
Tesla has historically been the clear EV leader, benefiting from incentives like the $7,500 tax credit which was available during their peak years, even as competitors continued to access similar credits in recent years. As the playing field levels, Tesla’s price cuts and strategic positioning are expected to reinforce its competitive edge.
Analyst sentiments are cautiously optimistic. Despite projecting a 2023 earnings per share (EPS) of approximately $4.20, the sentiment remains bullish, with a recent price target revision from $370 to $350 still implying roughly a doubling of Tesla’s stock price over the next 6 to 12 months.