Tesla: Time To Take Profits

Summary:

  • When I last covered Tesla, Inc., I gave it slightly positive coverage, saying that shorts were taking a bigger risk than longs.
  • After my article was published, Tesla ran up in price considerably, and its earnings missed estimates.
  • To be worth its current valuation, Tesla needs FSD to become fully autonomous and the Robotaxi fleet to launch.
  • In this article, I explain why, had I bought Tesla around the time my last article on it published, I’d be taking profits now.
  • I still discourage shorting the stock because Elon Musk’s star power could keep the stock price higher than a DCF model would value it.

Electric cars Charging at the charging station and with a Wind turbine background, Electric power is an alternative fuel

Electric cars

sarawuth702

Tesla, Inc. (NASDAQ:TSLA) stock recently crashed 12% in a single day after the company’s second quarter earnings release missed estimates. Although the earnings figures were only off by a little, the earnings call revealed


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