Tesla: Back In The Game With Musk Re-Engaged

Jun. 16, 2024 10:00 AM ETTesla, Inc. (TSLA) Stock, TSLA:CA Stock242 Comments

Summary

  • CEO Elon Musk got his 2018 pay package re-approved after a Delaware court blocked the $56 billion pay package, contributing to the stock weakness.
  • Musk shifting focus to AI investments away from Tesla caused concern among investors.
  • ARK Invest is bullish on Tesla, raising the price target to $2,600 by 2029 based on the robotaxi opportunity, though a more logical goal is $500+.
  • TSLA stock isn't cheap based on normal financial measures, but the company has multiple shots at trillion-dollar businesses to warrant the risk of overpaying here.
  • Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More »

Tesla Signage at Delivery Front Entrance

baileystock

Tesla Inc. (NASDAQ:TSLA) had a rough year in part due to the shareholder battle with their CEO over his previously approved pay package. Whether fair or not, Elon Musk appeared less engaged with Tesla following the Delaware court

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market, consider joining Out Fox The Street

The service offers a model portfolio, daily updates, trade alerts and real-time chat. Sign up now for a risk-free 2-week trial. 

This article was written by

Stone Fox Capital profile picture
48.48K Followers

Stone Fox Capital (aka Mark Holder) is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 10 years as a portfolio manager.

Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TSLA over 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.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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.

Recommended For You

About TSLA Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on TSLA

Related Stocks

SymbolLast Price% Chg
TSLA
--
TSLA:CA
--