Will TSLA trade down $220 before the target of $300?
$Tesla Motors(TSLA)$
Expectations are overhyped, fundamentals will matter, and interest rate risk is very real in terms of the cost of capital it will require for Tesla to continue growing at their CAGR.
Sustaining the market's current value for this company will not take the other car companies folding into Tesla's dominance, rather it will require Tesla to achieve and exceed their current run rate in an uphill battle of high rates, high commodity and material costs not seen slowing down for years, low consumer buying power, need we continue?
Because of this, it's more likely Tesla will trade down to about $220 before we ever see target of $300.
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