LI - Tesla: Fair Value Could Be Under $50 Per Share
2024-04-25 13:34:35 ET
Summary
- Tesla, Inc. has been greatly underperforming the S&P500 since the beginning of the year and is losing investor confidence.
- Q1 2024 results show a decrease in automotive revenues and a collapse in operating margin.
- Tesla's fair value is estimated to be $46 per share, indicating that its current valuation is too optimistic.
In my previous article on Tesla, Inc. ( TSLA ), I warned about a potential downside that would continue beyond early 2024. Since then, the stock has lost about 22% in value, underperforming the S&P 500 (SP500) by a wide margin....
Tesla: Fair Value Could Be Under $50 Per Share