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11-14 21:38
$Tesla Motors(TSLA)$  


Is Tesla Truly a Value Play or Just Riding the Meme Wave?

Tesla’s pullback after hitting a 52-week high of $358 has everyone talking. While some see this dip as a prime buying opportunity, others argue the valuation remains too high, especially with shares trading above $300. So, is Tesla a value investment, or are we buying into the hype?

Tesla’s Valuation:

Tesla’s innovation goes beyond being a car company—it’s an energy disruptor, a tech pioneer, and potentially, a long-term ecosystem play. The company’s approach to autonomous driving, energy storage, and global market share has set it apart from traditional auto manufacturers. With its established growth trajectory, I believe Tesla has potential to surpass $400 in 2024, driven by continued expansion and possibly an EV-friendly regulatory landscape.

Buying Opportunity:

I’d personally consider adding Tesla in the $320-$330 range, where there’s more upside potential while mitigating some of the overvaluation risk. As a long-term investor, my target price for Tesla is $420+ within the next 18-24 months, contingent on consistent earnings growth and new product launches that could fuel demand.

2024 and Beyond:

Whether Tesla’s a “meme stock” or a genuine value depends on your time horizon and risk tolerance. It’s clear Tesla has established an almost cult-like following, but there’s no denying the fundamentals are there too. While there might be volatility along the way, betting against a leader in the EV and tech industry could prove shortsighted.

Would love to hear everyone’s thoughts! 🚀 What’s your price target and where do you see Tesla going in 2024?

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EV Subsidies Canceled: Will Tesla Drop Under $300?
Tesla's stock price dropped by 5.7% due to the Trump team considering canceling the $7,500 tax credit for electric vehicles to fund its tax cut plan. This credit was one of the measures introduced by Biden to combat inflation. --------------- At what price would you add Tesla? What's your target price for Tesla? Is Tesla's dream shattered?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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