What this means is that they have no idea what they are valueing. It's a joke

Tesla Price Target Lowered to $380 from $490 at BofA

BofA lowered the firm’s price target on Tesla to $380 from $490 and keeps a Neutral rating on the shares. Tesla shares sank about 3% in premarket trading.The stock has been under pressure in recent weeks due to concerns about new vehicle sales dropping 45% year-over-year in the EU in January, sentiment on the brand potentially souring, no news on the low-cost model launch and risk to the Robotaxi launch. Given the slower growth and rising risks, BofA now values the Automotive business at 9-times
Tesla Price Target Lowered to $380 from $490 at BofA

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  • a4xrbj1
    ·03-04
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    Correct, a fair value would be less than $50 for a Tesla share, based on fundamentals alone and using an automotive company P/E multiplier
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