Tesla: positive prospects with high valuation

Thanks to a further capital increase, Tesla has again received $ 5 billion. This was the third round of financing this year. This raised a total of $ 12.31 billion from investors over the course of the year. With the fresh money, Tesla can improve its balance sheet and debt.

The analysts from Independent Research currently certify Tesla’s market and technology leadership. There are also no legacies from the days of the internal combustion engine. However, the competition is likely to keep increasing and becoming stronger. It is therefore unclear whether Tesla can defend its current market share of 17 percent.

The analysts expect earnings per share of $ 0.94 in 2020. The forecast for 2021 increases from $ 2.55 to $ 2.93. The outlook is positive. But all positive aspects are more than clearly priced into the course. The PER 2021e is 214.

Accordingly, it remains with the sell recommendation for the shares of Tesla. The experts see the price target at $ 273.00. It was previously at $ 124.00.

Tesla’s shares are listed on the Nasdaq at $ 627.07, an increase of 3.7 percent.


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