4 Funds Still Backing Tesla

James Anderson's Scottish Mortgage Investment Trust is just one of four Morningstar Rated funds that think Tesla's stellar run has further to go  

Annalisa Esposito 29 September, 2020 | 9:45AM

Tesla

Tesla (TSLA) has had a stonking year. Its share price has soared an incredible 800%. It's no wonder, after such a stellar run, that many investors have started wondering: how long can this continue?

The question seems very reasonable: Morningstar analysts assign the Nasdaq-listed electric car company a Very High Uncertainty rating and a rating of just one star (out of five), indicating that shares are trading significantly above their Fair Value. Morningstar analyst, David Whiston assigns the stock a fair value of $195 - less than half the current $420 a share at which they are trading. 

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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