Is Tesla one of the Best Bargains on the Market Right Now?
$Tesla Motors(TSLA)$ faces hurdles, witnessing a 4.54% decline, making it the worst-performing $S&P 500(.SPX)$
$Tesla Motors(TSLA)$ was downgraded by further analysts.[Sad]
UBS again rates Tesla as neutral. UBS lowered its price target for the stock from $225 to $165.
Wells Fargo analyst Colin Langan called Tesla a "growth company that's not growing" and downgraded it to sell with a price target of $125 from $200!
$Tesla Motors(TSLA)$ hit a new low for the year.
Since July last year, Tesla’s stock price has been in a downward trend, completely ignoring the U.S. stock index’s repeated record highs and deviating from other technology giants. It is actually one of the worst big companies. ![Facepalm]
2024 Year to Date:
$NVIDIA Corp(NVDA)$ : +83.53%
$Meta Platforms, Inc.(META)$ : +40.01%
$Amazon.com(AMZN)$ : +16.20%
$Microsoft(MSFT)$ : +10.39%
$Alphabet(GOOG)$ : -0.11%
$Apple(AAPL)$ : -11.12%
$Tesla Motors(TSLA)$ : -31.79%
Although $Tesla Motors(TSLA)$ is a star stock, its income mainly comes from selling cars. The valuation of the automobile industry itself is relatively low, such as Toyota's price-to-earnings ratio of only 10 times.
In addition to the automotive business, Tesla's other main business is solar energy. However, like cars, this business has low barriers to entry, high competition, and difficulty in obtaining high valuations.
In the capital market, the solar business is of little help except for driving Tesla's revenue growth faster.
In addition, the most interesting thing may be Tesla's robots, but there is still a long way to go before the mass production of robots.
When you think Tesla has a good access price right now?
Would you buy a Tesla with #Dogecoin ?
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in the meantime, buy $Tesla Motors(TSLA)$ on a discount & keep for longer term. Elon is too arrogant to let his baby go bust