2024-02-08 09:00:00 ET
Summary
- Tesla's stock has lost about 25% of its value year-to-date, but the market has likely overreacted to disappointing Q4 earnings.
- All factors that lead to profitability shrinkage in Q4 are temporary and not secular.
- My base-case discounted cash flow valuation analysis suggests the stock is very attractively valued.
- Sensitivity valuation analysis with very pessimistic underlying assumptions suggests minimal downside potential.
Investment thesis
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For further details see:
Tesla: Ignore The Noise And Buy The Dip