Even At The 12-Month Low, Tesla Is Not A Compelling Buy
Summary
- TSLA is trading at 12-month lows.
- Rising interest rates, Q3's revenue miss, and slowing sales in China are immediate concerns.
- The Wall Street consensus rating is a buy, with a consensus 12-month price target that is about 50% above the current share price.
- The very high dispersion in the individual analyst price targets reduces confidence in the meaningfulness of the consensus.
- The market-implied outlook (calculated from options prices) is slightly bullish through the end of 2022, but bearish to mid-2023.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.