Tesla Stock Could Hit $1,500, but These 3 Things Must Happen First

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No stock in the market commands more attention than Tesla (NASDAQ: TSLA). Many proponents of the company see it as the most important innovator of the 21st century. Naysayers suggest that its stock’s stratospheric ascent will eventually become the ultimate bubble.

So far, Tesla bulls have won out. The stock posted a massive gain in 2020 of nearly 750%, taking its closing price above the $700 per share mark.

Yet bulls aren’t convinced the good times are over. Wall Street analysts are optimistic about Tesla’s long-term prospects. The top analyst price target currently shown on Yahoo! Finance is $1,083 per share — more than 50% above where the stock closed 2020, and more than 25% higher than the automaker‘s current price.

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