{"id":12342,"date":"2023-11-10T20:57:22","date_gmt":"2023-11-10T20:57:22","guid":{"rendered":"https:\/\/infundpros.com\/markets\/is-tesla-stock-a-buy-it-depends-on-this-number\/"},"modified":"2023-11-10T20:57:23","modified_gmt":"2023-11-10T20:57:23","slug":"is-tesla-stock-a-buy-it-depends-on-this-number","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=12342","title":{"rendered":"Is Tesla Stock a Buy? It Depends on This Number."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000797029\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        Tesla<br \/>\n       bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or investor considers<br \/>\n        Tesla<br \/>\n       stock a Buy, Hold, Hold, or Sell, boils down to numbers. <\/p>\n<p>Take the Sell recommendation from HSBC analyst Michael Tyndall. He launched coverage of the shares in a Wednesday evening report. His bearish take and $146 price target helped send Tesla (ticker: TSLA) stock down 5.2% while the<br \/>\n        S&amp;P 500<br \/>\n       and<br \/>\n        Nasdaq Composite<br \/>\n       fell 0.8% and 0.9%, respectively. <\/p>\n<div class=\"paywall\">\n<p>The coverage initiation report runs to 110 pages and is as informative and well thought out as most Wall Street reports. In all those pages, one number is key: 13%. <\/p>\n<p>That\u2019s Tyndall\u2019s projected average annual growth rate for sales in Tesla\u2019s car business between 2023 and 2030. In 2023, Tesla is expected to sell about 1.8 million cars for an average price of about $45,000 each. In 2030, Tyndall\u2019s numbers are 5.8 million and $32,000, respectively. <\/p>\n<p>Canaccord analyst George Gianarikas is a Tesla Bull. He rates shares Buy and has a $267 price target. He projects closer to 20% average annual sales growth. By 2030, he projects about 6.6 million cars sold with an average vehicle price in the range of $45,000. <\/p>\n<p>That seven percentage point difference between the two analysts really adds up. It\u2019s the difference between a $190 billion car business and a $300 billion car business by 2030.  <\/p>\n<p>\n        Future Fund Active ETF<br \/>\n       (FFND) co-founder Gary Black is more even more bullish than Gianarikas. He projects 10.2 million units sold in 2030 at an average price of about $47,000. That\u2019s about 29% average annual growth for the coming seven years, ending with a $480 billion car business at the end of the decade. <\/p>\n<p>Tyndall\u2019s Sell rating relies on \u201cclassic reversion to the mean,\u201d says Black. Mean reversion is the idea that, in the long run, growth rates should converge to some industry average. It has some validity. It\u2019s hard to grow faster than an entire industry for a long, long time. Still, Black says the approach \u201cseems more like how one would value a slow growth-legacy auto company than a high growth tech stock.\u201d<strong>\u00a0<\/strong><\/p>\n<p>To some extent, these examples illustrate why valuing growth stocks is so hard. The difference between 15% and 25% average annual growth stretched out over a few years is hard to fathom. Over seven years, growing at a higher rate essentially results in a company twice as large. <\/p>\n<p>The same calculation for a company growing either 3% or 5% a year, which is the same percentage difference between 15% and 25%, results in a company that\u2019s about 15% bigger. <\/p>\n<p>That\u2019s why it\u2019s useful for investors to take a step back once in a while and focus on something simple. If an investor believes Tesla will sell five million cars in 2030 they probably aren\u2019t going to like the stock very much. At seven million they are comfortable with where the stock trades today. At 10 million they love shares. <\/p>\n<p><em>Barron\u2019s <\/em>recommended buying Tesla stock in early January when shares were trading at was trading near $113, believing that investors had become too worried about EV pricing and growth.  Near $200 a share, Tesla stock is less attractive than it was, but we see no reason to abandon it either. There is lots of growth ahead for EVs and Tesla remains a leader.<\/p>\n<p>Tesla stock was down 1.5% in premarket trading Friday. S&amp;P 500 and Nasdaq Composite futures were off 0.1% and 0.3%, respectively.<\/p>\n<p>Write to Al Root at allen.root@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/tesla-stock-buy-sell-fc50042c?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-12342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Tesla Stock a Buy? It Depends on This Number. | inFundPros<\/title>\n<meta name=\"description\" content=\"Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=12342\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Tesla Stock a Buy? It Depends on This Number. | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=12342\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T20:57:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T20:57:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1699649842_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=12342#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=12342\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Is Tesla Stock a Buy? It Depends on This Number.\",\"datePublished\":\"2023-11-10T20:57:22+00:00\",\"dateModified\":\"2023-11-10T20:57:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=12342\"},\"wordCount\":584,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=12342#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=12342\",\"url\":\"https:\/\/infundpros.com\/?p=12342\",\"name\":\"Is Tesla Stock a Buy? It Depends on This Number. | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-10T20:57:22+00:00\",\"dateModified\":\"2023-11-10T20:57:23+00:00\",\"description\":\"Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=12342#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=12342\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=12342#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is Tesla Stock a Buy? It Depends on This Number.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is Tesla Stock a Buy? It Depends on This Number. | inFundPros","description":"Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=12342","og_locale":"en_US","og_type":"article","og_title":"Is Tesla Stock a Buy? It Depends on This Number. | inFundPros","og_description":"Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or","og_url":"https:\/\/infundpros.com\/?p=12342","og_site_name":"inFundPros","article_published_time":"2023-11-10T20:57:22+00:00","article_modified_time":"2023-11-10T20:57:23+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1699649842_social.jpeg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=12342#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=12342"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Is Tesla Stock a Buy? It Depends on This Number.","datePublished":"2023-11-10T20:57:22+00:00","dateModified":"2023-11-10T20:57:23+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=12342"},"wordCount":584,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=12342#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=12342","url":"https:\/\/infundpros.com\/?p=12342","name":"Is Tesla Stock a Buy? It Depends on This Number. | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-10T20:57:22+00:00","dateModified":"2023-11-10T20:57:23+00:00","description":"Tesla bulls and bears can debate almost anything from the quality of quarterly earnings to the qualities of CEO Elon Musk. But whether an analyst or","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=12342#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=12342"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=12342#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Is Tesla Stock a Buy? It Depends on This Number."}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/12342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12342"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/12342\/revisions"}],"predecessor-version":[{"id":12344,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/12342\/revisions\/12344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/12343"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}