Tesla: It’s Finally Time To Trim (Rating Downgrade)

Summary:

• My initial price target for Tesla stock was $412 per share, with a focus on Tesla’s dominance in the EV market and FSD opportunities.
• Tesla has emerged victorious from a rough two years, as the Trump victory rally has fueled euphoria in TSLA stock.
• My sell recommendation is on a valuation basis alone and does not represent a bearish sentiment on Tesla as a company.

I’ve covered Tesla, Inc. (NASDAQ:TSLA) several times in the past. My initial article offered a $412 fair value estimate of the stock and discussed how Tesla is electrifying the earth and

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. 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.

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