Reported about 1 year ago
Tesla (NASDAQ:TSLA) stock has surged 40.9% in the past 30 days after beating delivery expectations in Q2. Despite positive developments like the upcoming Robotaxi and robotics projects, concerns arise over Tesla's high valuation multiples. Trading at 96.4x non-GAAP forward earnings, Tesla faces criticism for being overvalued as an electric vehicle and technology company. While Elon Musk promises game-changing advancements, like the Robotaxi, analysts remain cautious amidst uncertainties and the stock's steep premiums in various metrics, advising a Hold with a target price implying a 26.57% downside potential.
Source: YAHOO