"The Biggest Asset Bubble In U.S. History": Mark Spiegel Eviscerates Fed Policy And Tesla
https://www.zerohedge.com/markets/bigge ... -and-tesla
If you look at the EV leader as a “pure car company,” then yes.
“The company may be substantially undervalued as a renewable energy on-shore infrastructure company.” In fact, Tesla is the “ultimate battery capex play.”
Based on 15 Buy ratings, 5 Holds and 6 Sells, the stock claims a Moderate Buy consensus rating. The average price target currently stands at $1,005 and change, implying shares will stay rangebound for the foreseeable future.
Tesla’s Q1 Shows the Company Is In a Strong Growth Position
This year’s numbers represent a nearly 70% increase in production and a 68% increase in deliveries.
Revenue of $18.76 billion, up 81% year over year.
Adjusted earnings per share of $3.22 were far over the $2.27 analyst had been expecting.
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