Taking Tesla seriously

If a recession can’t stop it then virtually nothing will – why the price is about right

Andrew Willis 15 May, 2020 | 1:00AM

 

 

Well into this pandemic and massive economic disruption, Tesla’s stock is surviving and thriving. Tesla has been made fun of, doubted and shorted, but it’s delivering. We’re adjusting many levers in our assessment of the company and as a result, we’ve nearly tripled our fair value estimate for the company to 731 U.S. dollars. This isn’t far from where it was last week and isn’t “too high” like CEO Elon Musk said.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Tesla Inc1,487.51 USD0.17

About Author

Andrew Willis

Andrew Willis  Andrew Willis is Content Editor for Morningstar.ca

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