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Tesla stock is wildly expensive, which could lead to a drop of 50% or more Tesla generated $2.04 in earnings per share (EPS) during 2024, placing its stock at a price-to-earnings ratio (P/E) of 161.
With Tesla already trading at a market cap of $1.5 trillion and a P/E ratio of 200, the stock seems more likely to underperform than not next year, despite the current investor enthusiasm.
In the past, when Tesla's car business fell below 17% of its total market cap, its stock tended to "enter a downward channel," UBS added. Tesla's auto business accounts for just 12% of its current ...
"So Tesla's vulnerability is it could drop by 50% if things don't work out for it this year. So we sell Tesla stock. We still have tons of it, and we sell it because we think it's pretty overvalued."
Tesla stock dropped 4.8% on Monday, dropping below $200 and hitting lows not seen since late May despite a broader market rally and rebound in beaten-down tech. Two pieces of news were weighing on ...
Tesla stock closed 5.7% lower on Thursday after Reuters reported Trump's team has drawn up plans to eliminate the $7,500 tax credit for electric vehicle buyers as part of a broader tax reform.
The average price target is $215.52, which means that the average Tesla stock forecast calls for shares to reach $215.52 by Oct. 27, 2024. What Will Tesla’s Stock Price Be in 2025?
Tesla stock fell 8% after missing fourth-quarter delivery estimates by about 10,000 vehicles. Tesla's 2024 deliveries marked its first annual sales decline amid rising EV competition.
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