Tesla market value debate rages: stodgy automaker or a high-growth tech company?

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Wells Fargo analyst Colin Langan wrote in a note on Friday: “We are concerned that growth appears to have moderated in China and the US, likely explaining the recent price cuts.”

. — combined. Now, analysts and investors are starting to doubt that this premium is justified.

may be taking a hit surfaced after Tesla’s third-quarter deliveries fell short of expectations. But investors’ angst intensified amid a barrage of headlines in late December and earlier this month, including a temporary production halt in China, news of heavy discounting in the US and most importantly, the fourth-quarter deliveries that also disappointed.

Analysts’ average estimates now reflect an expectation for Tesla’s revenue to grow 33% in 2023, which while significant is still below Tesla’s own long-term outlook of 50% expansion. In comparison, GM’s revenue is expected to rise 2.6% this year, and Ford’s 1.6%.

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