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Here’s What’s Pushing Tesla Stock Toward $600 — and Beyond – Motley Fool

The electric vehicle pioneer’s business has plenty of long-term promise, but it’s the short run that most people are looking at right now.

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Tesla (NASDAQ:TSLA) has been one of the biggest stock stories of 2020. With shares sporting gains of nearly 550% just since Jan. 1, those who’ve believed in the business model that CEO Elon Musk has built have profited handsomely. Musk himself has been among the biggest winners in Tesla stock, vaulting to the No. 3 spot among the world’s richest people, according to Forbes.
In the long run, stock movements reflect the success or failure of a company’s underlying business. Short-term share price…

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