At its current price of $341 per share, a 100-share block of Tesla costs just about $35,000. Interestingly, that’s the same price you’d pay for Tesla’s new Model 3 electric sedan.
Tesla shares, of course, keep getting more expensive. They’re up 64% over the last year. The Model 3, however, marks an important milestone in the opposite direction — you can now buy a Tesla for half the price of what you would have paid a year ago.
The affordable Tesla is the main driver of the company’s latest rally, but before you get behind the wheels of the car or the stock, it’s important to understand what Tesla has on its plate. The company has set an ambitious target to produce 500,000 cars in 2018 and has fallen short of promises in the past. Whether the company can meet its goal this time around could dictate the stock’s trajectory — and whether your Tesla reservation will get filled anytime soon.
For more on Tesla, check out Barron’s Next’s latest video on what you need to know before you invest in the company.