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Resurgent TeslaTipRanks
•64% Informative
Tesla (NASDAQ:TSLA) stock has gained in recent weeks after beating delivery expectations in the second quarter .
The Elon Musk-run company has seen its shares rise 40.9% over the past 30 days .
The stock trades at 8.3x TTM sales and 7.9x forward sales, representing an 830% and 813% premium to the sector.
As a manufacturer of cars, Tesla is clearly overvalued.
The average Tesla stock price target is $ 180.92 , implying 26.57% downside potential.
Tesla doesn’t have the necessary cash flow to build a global fleet of Robotaxis.
Despite Tesla being in a pole position to dominate in the autonomous era, I remain wary of Musk ’s overpromising.
VR Score
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6
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