Tesla Bull Says Elon Musk-Led EV Giant Is No Longer Seen As An Auto Company By Investors, Explains Why Its Stock Trades At A Hefty Premium To Legacy Rivals
Portfolio Pulse from Anan Ashraf
Tesla is increasingly seen by investors as more than just an auto company, with its stock trading at a high premium due to expected growth in EVs and autonomous driving. Gary Black raised his price target for Tesla, citing improved earnings projections.
October 29, 2024 | 11:51 am
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Tesla is viewed as more than an auto company, with a high P/E ratio due to expected growth in EVs and autonomous driving. Gary Black raised his price target to $300, citing improved earnings projections.
Tesla's high P/E ratio reflects investor expectations of growth in EVs and autonomous driving. Gary Black's increased price target and positive earnings projections suggest a bullish outlook, likely boosting short-term stock price.
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