Telsa Is More Than Just a Car Company, for This Bullish Analyst.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Tesla isn't breaking apart, but things are happening which investors need to consider to avoid missing out on a valuation trend.

Tesla Bulls and Bears might want to look at Tesla as more than just a car company or risk missing out on a valuation trend.

Tesla isn’t breaking apart, but things are happening. Tesla has signed deals with several automakers opening up its supercharging network to non-Tesla EVs. That forced investors, and the Street, to value the company’s EV charging network. Tesla also sells battery storage products to consumers and utilities. That business grew more than 220% year over year in the second quarter of 2023. Tesla also makes some of its own batteries. There is good money in batteries. The world’s largest battery maker Contemporary Amperex Technology Co Ltd , which is better known as CATL, has a market capitalization of about 1 trillion Chinese Yuan, or about $137 billion.

Ives is a Tesla bull though, rating shares Buy. His price target is $350 a share, one of the highest on Wall Street. That worked out to about 73 times his 2024 earnings estimate of $4.80 a share.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Another daring burglary caught on camera at Mobile business, both 48 hours apartBoth businesses are just minutes apart from each other near Dauphin Street.
Source: FOX10News - 🏆 581. / 51 Read more »