Tesla could hit $4,000/share by 2030 - Chowdhry

Dec. 30, 2019 7:00 AM ETTesla, Inc. (TSLA)GE, GOOG, TSLA, GOOGL, UBER, LYFT, PTONBy: Eli Hoffmann, SA News Editor535 Comments
  • Tesla (NASDAQ:TSLA) bull Trip Chowdhry of Global Equities Research puts out a 2030 price target of $4,000, almost 10x today's price.
  • "Breakthrough products from technology conglomerates GE, TSLA and Google (GOOGL, GOOG) will spur a very strong global demand for their products, thus accelerating revenues and expanding margins," he writes.
  • He cites: 1) No other company has the mental capacity, capital, passion or aptitude to build an at-scale supercharging network.
  • 2) No other company has the mental capacity, capital, passion or aptitude to build at-scale battery energy storage products.
  • 3) Citing the exoskeleton, he says that no other company has the mental capacity, capital, passion or aptitude to build a material science company.
  • 4) Tesla will control the "full life cycle" of deep neural network models that will lead to full self driving.
  • Chowdhry says Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) and Peleton (NASDAQ:PTON) are on "life support" and will end up zombie companies.

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