Tesla: Valuation remains far too high

In the third quarter, deliveries at Tesla rose by 43.3 percent to 139,300 units. In terms of production, there is an increase of 50.8 percent to 145,036 vehicles. A few days ago, Tesla held the much-anticipated Battery Day. There it is made clear that a fully autonomous electric car for $ 25,000 will be brought onto the market by 2023.

The analysts at Nord LB consider this plan to be realistic. However, such a car is likely to incur high losses. So far, Tesla has not proven that you can make money from building cars. The profit comes only through the “regulatory credits”. Without them, Tesla would be in the red.

The analysts stick to their sell recommendation for the shares of Tesla. The price target increases from $ 130.00 to $ 140.00.

Although the Tesla price has come back a bit, the analysts still see the share as being significantly too high. You are worth almost as much as any car manufacturer in the world. That seems excessive. The PER 2021e is 321.

Tesla’s shares are listed on the Nasdaq at $ 432.75, down 3.4 percent.


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