Why Tesla’s Stock Could Surge Even Higher, According to Meet Kevin
Tesla’s stock has seen a significant surge this year, more than doubling in price since January 1, 2023. As the electric vehicle (EV) industry continues to grow, Tesla is capitalizing on the market rebound and strong earnings reports, resulting in lucrative returns for investors. However, financial advisor Meet Kevin believes that there is potential for Tesla’s stock to climb even higher.
Addressing Tesla’s Under-Capitalization
Meet Kevin highlighted an important report by Bank of America, which analyzed holdings of large-cap active funds in various companies, including Tesla. The report revealed that only 35% of these funds currently hold Tesla stock, and those that do have relatively low allocations. In comparison, large-cap long-only funds have much higher exposure to other tech giants like Microsoft. This suggests that Tesla remains under-capitalized by institutions.
Implications for Tesla’s Future
Meet Kevin’s analysis implies that if institutional investors increase their positions in Tesla, it could drive the stock price even higher. Tesla’s current performance and potential for further growth make it an attractive investment opportunity for those looking to benefit from the EV industry’s continued expansion.
Hot Take: Tesla’s Stock Poised for Further Upside
Tesla’s stock has already experienced significant gains this year, but according to Meet Kevin, there is still room for further upside. With the potential for increased institutional investment and the EV industry’s continued growth, Tesla could continue to outperform in the market. Investors should keep a close eye on this stock as it remains an attractive choice for those seeking exposure to the electric vehicle sector.
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