META - Tesla Stock: Plunging Toward My Price Target

2024-04-18 16:52:25 ET

Summary

• Tesla, Inc. stock continues to decline and reach new lows, distancing itself from other tech giants like Meta Platforms, Google, Amazon, Microsoft, and Nvidia.
• CEO Elon Musk's pay package, if approved, could result in significant dilution for shareholders, potentially up to 10% of the market cap.
• Tesla's growth story is facing challenges, with competition in the EV space increasing and overall demand for EVs trending downward. Charging infrastructure remains a major issue.
• That being said, charging and energy storage opportunities remain an important growth proposition for Tesla shareholders.
• Among the big auto companies, Tesla still holds a vastly superior balance sheet to any other automotive company, with several times more cash than long-term debt.

Headline

Tesla, Inc. ( TSLA ) continues to crash and reach new 52-week lows. They have absconded as of recently from being mentioned in the light of Meta Platforms ( META ), Google ( GOOGL ), Amazon ( AMZN ), Microsoft ( MSFT ), or Nvidia ( NVDA ), the Mag 7 names with growth stories still intact. While Tesla remains a hold for me, it is getting closer to my personal price target. Tesla, in my eyes, is still unique in the automotive world as a company that is trying to innovate offshoot businesses that may enhance the proposition of the investment. I have no idea if they will succeed, but I acknowledge and respect their efforts. ...

For further details see: