Is Tesla Stock a Buy?

  • HSBC analyst Michael Tyndall initiated coverage on Tesla with a Sell rating and a $146 price target, causing the stock to drop 5.2%.
  • Tyndall projects an average annual sales growth rate of 13% for Tesla’s car business between 2023 and 2030.
  • Canaccord analyst George Gianarikas rates Tesla as a Buy and projects closer to a 20% average annual sales growth.
  • Future Fund Active ETF co-founder Gary Black is even more bullish, projecting 10.2 million units sold in 2030 with an average price of $47,000.
  • The difference in growth projections between analysts leads to a significant variance in projected market value for Tesla’s car business by 2030.
  • Valuing growth stocks like Tesla is challenging due to the significant impact of small differences in growth rates over time.
  • Investors’ belief in Tesla’s future car sales volume greatly influences their perception of the stock.