2023-03-05 09:00:00 ET
Summary
- Tesla's Investor Day may have disappointed some fans and analysts, but the 2023 outlook remains positive, with 1.8 million estimated deliveries.
- Tesla enjoys market-leading gross margins, and its highly efficient cost structure, backed by its manufacturing efficiency, can easily support price cuts.
- The company faces its toughest growth challenges since entering the global automotive market.
- My short-term target price for TSLA stock remains at $230; however, any positive surprise with vehicle delivery volume will significantly boost shares above that target.
For further details see:
The Tesla Story Goes On