Should I invest in Tesla right now?
Tesla stock is currently not a buy, but it could be in the early stages of creating a new buy point.
At current levels, Tesla stock is still at risk of a pullback and it’s not a good time to buy shares with the market in a correction.
Is Tesla a buy or sell?
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Will Tesla stock go up?
Shares of Tesla (NASDAQ:TSLA) jumped higher on Tuesday. As of 12:30 p.m. EST, the stock was up about 6%. The gain adds to a torrid run-up for the electric-car maker’s stock over the last six months. The stock’s sharp move higher on Tuesday comes as several analysts upgraded their price targets for the stock.
Is Tesla overvalued 2020?
Our current price estimate values the company at about 60x its projected 2020 earnings. That said, we continue to believe that Tesla is overvalued. The current market price of about $450 implies that the stock trades at over 75x projected 2020 EPS. The company is also scaling back on its operating expenses.