TSLA - Tesla Stock: My Valuation Analysis Suggests To Buy The Dip
2024-03-05 12:53:34 ET
Summary
- Tesla, Inc.'s stock has been volatile due to macro headwinds, but the company continues executing its long-term growth strategy.
- Tesla's strategic positioning is intact, given weak competition in the developed world and geopolitical constraints for the major Chinese player.
- My target price for Tesla stock is $262.
Introduction
Tesla, Inc. ( TSLA ) stock has been very volatile within the last 52 weeks and had a tough 2024 start after a disappointing Q4 earnings release . The pessimism was caused by the expected deceleration in 2024 revenue growth and profitability metrics compression. But both these factors are due to temporary challenges in the macro environment, which are factors outside Tesla's management's control....
Tesla Stock: My Valuation Analysis Suggests To Buy The Dip