Tesla: Sell-Off Is Unwarranted

Summary:

  • We think the Tesla, Inc. automobile business will generate ~$50 billion in profits by 2030.
  • Tesla is more than simply automobiles. Additional potential strong growth drivers are solar, energy storage, FSD, and Robotaxis.
  • In particular, Megapack sales are poised for significant growth over the next three to five years.
  • We are reiterating our $492/share Price Target and Buy Rating.
Tesla Service Center. Tesla designs and manufactures the Model S electric sedan IV

jetcityimage

Investment Conclusion

Since Tesla, Inc. (NASDAQ:TSLA) reported 2Q23 financial results, the market value of its stock has declined by ~18%. At one point, TSLA shares were down by ~25%, before recovering somewhat over the prior week. We believe the sell-off is unwarranted. The factors


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *