STLA - Tesla: Reality Vs. Hypothesis ('Bad News' Continues)
2024-06-28 10:13:03 ET
Summary
- Tesla, Inc. always raises huge discussions among investors and recently ignited once again a debate regarding its robotaxi unveil date.
- One of Tesla's largest investors - Cathie Wood's Ark Invest - has recently shared a piece of research suggesting Tesla's shares will trade around $2,600.
- In this article, I discuss Cathie Wood's forecast, while updating my past research on Tesla with a few more macroeconomic data.
Tesla: The Hardships Of Opening A Debate On The Stock
Tesla, Inc. ( TSLA ) is a stock I rarely write about. In fact, this is just my third article in over two years on Seeking Alpha. This doesn't mean I don't follow the company closely, as I am deeply interested in the automotive industry. Yes, here many would stop me and immediately tell me: "What are you saying? Tesla is no car company, it is a tech company, an AI company, etc." and so on. As far as I have experienced, dealing with Tesla inevitably carries along a relationship with many investors who are also fans of the company. This makes what I am about to do extremely risky.
So far, I have dealt with the company by tackling the main issue I see behind it: to value it properly, investors must decide whether it is an automaker or a tech company. As for me, even though CEO Elon Musk says otherwise, I am on the automaker side, and I say this based on its financials....
Tesla: Reality Vs. Hypothesis ('Bad News' Continues)