Tesla stock price
This bold analysis is mainly based onDoubts about Tesla’s self-driving technologyAccording to data released by the National Highway Traffic Safety Administration (NHTSA), from June 2021 to May 15, 2022, there were 273 accidents involving Tesla Autopilot, accounting for 392 accidents involving advanced driver assistance systems. nearly 70% of accidents. In addition, analysts believe thatTesla stock trades at a whopping 76 times forward earnings, which does not take into account the deepening economic slowdown.
“We believe current valuations remain challenging, with a handful of other companies previously reaching Tesla’s current market capitalization achieving an average gross profit of about $100 billion, compared to Tesla’s estimated second-half 2022 estimates,” he wrote in the report. Annualized to about $30 billion ($20 billion in the first half). And in the context of the current macro situation, it should be noted that Tesla is expanding the production capacity of Model Y, and the selling price of this car in the US market about $60,000, howeverThe U.S. market is already small, and other EVs are growing. “
Meanwhile, Tesla made a strong case for its stock’s current valuation: Second-quarter sales rose 43% year over year to $14.6 billion. Operating profit surged 88% year over year to $2.5 billion.