$Tesla(TSLA.US) bulls no longer criticizing us for taking some $Tesla(TSLA.US) profits off the table at $350 after the election. While we are sometimes overly disciplined, $Tesla(TSLA.US) ‘s mid-November forward P/E of 120x made no sense unless one assumed TSLA long-term earnings growth of 60%+ per year (2x PEG) with likely LSD volume growth. Instead, WS expects TSLA long-term earnings growth of +35%, which warrants a forward P/E of 70-75x (currently 81x).
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
