2024-04-08 09:30:00 ET
Summary
- Tesla, Inc.'s growth strategy shifted due to competitive pressure from Chinese EV automakers, prompting reevaluation.
- Despite competition, Tesla maintains a notable market share compared to peers like BYD Company and Volkswagen.
- The electric vehicle market is projected to grow significantly, offering expansion opportunities.
- Through a discounted cash flow model, Tesla's fair price estimate is $255.68, with a future projection of $555.55 by 2029.
- Risks include concerns over Tesla's luxury brand image and competition, but the outlook remains positive, supporting a strong buy recommendation.
Thesis
In my previous article Tesla, Inc. ( TSLA ), I explained that Tesla could achieve my target of 14.3M vehicles by 2030. This prompted a fair price of $358.89 and a future price of $766.68. ...
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For further details see:
Tesla: Even Without Model 2, The Stock Remains Undervalued