Tesla In 2023: A Return To Reality, The Start Of The End Or Time To Buy?

Jan. 28, 2023 6:15 AM ETTesla, Inc. (TSLA)105 Comments
Aswath Damodaran profile picture
Aswath Damodaran


  • I have valued Tesla multiple times over the last decade, and while I have been wrong at each turn, I have tried to learn from my mistakes.
  • While the company still has skeptics, it is no longer a niche player in a big market, and has moved the sector closer to its vision than the other way around.
  • Clearly, the earnings per share beat and the "news is not as bad as it could have been" effect is clearly playing out in Tesla's pricing.
  • I would like to think that my decisions on whether to buy or sell Tesla will be unaffected by my personal views on Musk, but that may be just my delusion speaking.

Tesla EV electric vehicles on display. Tesla products include electric cars, battery energy storage and solar panels.

jetcityimage/iStock Editorial via Getty Images

I am not much of a car person and view cars primarily as a mode of transportation. I drive a 2010 Honda Civic, a perfectly serviceable vehicle that is never going to get oohs and ahas

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This article was written by

Aswath Damodaran profile picture
I teach corporate finance and valuation at the Stern School of Business at New York University. I am a teacher first, who also happens to love untangling the puzzles of corporate finance and valuation, and writing about my experiences. As a result, I happen to be at the intersection of three businesses, education, publishing and financial services, that are all big, inefficiently run and deserve to be disrupted. I may not have the power to change the status quo in any of these businesses, but I can stir the pot. Please note that the article that you are reading here was originally written on my blog and is republished in Seeking Alpha and other forums. Consequently, I neither track nor respond to comments here. I am sorry!   ==Editors' Note: Seeking Alpha monitors Dr. Damodaran blog and posts relevant articles on his behalf.

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