From Nasdaq: 2024-11-11 13:08:48

Tesla (NASDAQ: TSLA) stock surged 7.3% on Monday, reaching a total 37% gain since Donald Trump’s reelection. The electric car leader is now valued at $1.1 trillion. Analysts predict a Trump administration will benefit Tesla’s AI and self-driving car technologies, potentially driving further growth. Is Tesla stock a buy at these levels?

Investors are enticed by Tesla’s potential growth, fueled by a new price target of $400 from Wedbush analyst Daniel Ives. However, Tesla’s high valuation, at 88 times earnings and 322 times free cash flow, raises concerns about justifying these multiples with future growth in a rapidly changing regulatory environment. Are these growth expectations realistic in the short term?

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Read more at Nasdaq: Why Tesla Stock Keeps Going Up