Bernstein analyst Toni Sacconaghi points out that investors have long been debating...TeslaIs it a car company or a technology company? He pointed out that Tesla's valuation for a car delivered is more than 50 times that of a traditional car company, and stated, "There is no doubt that Tesla has not yet been valued as a car company." Analysts believe that one reason for Tesla's high valuation is its unique growth rate, which is very prominent even among technology companies. However, he believes that despite this, considering Tesla's profit margins, it still looks very expensive compared to high-growth tech companies. Analysts updated their 2050 DCF model and raised their Tesla price target to $300.
Editor: Liu Xuanyi
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