I’m sure it’s the rocket implosion and the failing EV sales. He’ll start pulling more moola from Tesla to fund that stuff
And your point?
Hmm, lowering the price on the Model 3 by 20% and blowing up a billion-dollar rocket is bad for your stock price? Who knew?
FWIW - from Morningstar
Trading at 180 and they see fair market value at 215
“We reduce our Tesla fair value estimate to $215 per share from $225 to reflect higher near-term margin compression as the company is pursuing a volume-over-unit profit strategy in the near term by cutting prices to spur demand. We reduced our near-term automotive profit margin forecast. Separately, we increased our outlook for the energy generation and storage segment to reflect higher growth as Tesla plans to build a new facility in China. Our narrow moat rating is unchanged as Tesla should still generate excess returns on invested capital even in a lower-price environment.
At current prices, we view Tesla shares as undervalued, with the stock trading more than 20% below our updated fair value estimate. While we reduced our near-term outlook, our long-term view is unchanged. We think Tesla’s plan to reduce costs will drive long-term profit margin expansion. We continue to forecast roughly 5 million deliveries in 2030 with automotive gross profit margins recovering from the low-20% range this year to 29%, which is in line with the margins generated over the past two years.”
Time to buy?
Anyone buying an EV at this time is a fool.
You can thank .gov for tsla stock going to the moon. EV push and covid stimulus. Precovid tsla was under 30 bucks. Perfect example of the covid cash spending spree from R’s and D’s.
Learn excerpt
You happy?
Tesla stock is on sale? Time to buy!
China out selling them?.
Joey turns light out
I think we will test bottom again in a few months but it’s all up after the next quarter’s results.
42 posts and the oversized electric golf cart fanbois have not shown up to straighten y’all out?
I think there is still a little downside for TSLA stock, but long term it’s great investment.