From Barchart:



Tesla stock is predicted to have a 24% upside to $292 based on its positive free cash flow. This prediction is based on a yield metric on next year’s forecast FCF. Therefore, existing shareholders have the opportunity to make extra income by shorting puts.

This prediction is significant for investors as it suggests that Tesla stock still has room for growth despite its current valuation. The positive free cash flow also indicates that the company is in a strong financial position, making it an attractive option for investors looking to capitalize on potential upside.

Based on the forecast FCF, Tesla stock presents an opportunity for existing shareholders to potentially earn additional income by shorting puts. This strategy could provide a way for investors to capitalize on the stock’s positive outlook and potentially benefit from its future growth.



Read more: Tesla Stock Still Has at Least 24% Upside Based on Its Free Cash Flow