TSLA Trades About 20% Below Fair Value, Says Analyst — But Retail Stays Bearish Amid Cybercab Scrutiny, SpaceX Merger Buzz
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Morningstar estimates TSLA trades 19% below fair value, though it rates the stock "Very High Uncertainty."
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Wolfe Research maintained its "peer perform" rating, citing AI and autonomy progress and an "increasingly attractive setup into 2027."
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NHTSA gave Tesla until Sept. 30 to answer 21 questions about how its steering-wheel and pedal-free Cybercab complies with safety standards.
Shares of Tesla, Inc. (TSLA) trade 19% below Morningstar's fair-value estimate, making the EV maker a stock pick despite "Very High Uncertainty" around its emerging businesses.
TSLA stock rose more than 2% on Thursday to close at $366.20, putting it on track for its third straight weekly gain.
Tesla's 'Pendulum' Swings Create Buying Opportunities
Morningstar Chief U.S. Market Strategist Dave Sekera said that Tesla recently moved from four-star to three-star territory as its share price rose. The firm gives Tesla a narrow economic moat based on its cost advantages and intangible assets.
Sekera said Tesla could be a "rent or own" stock, telling investors, "I think it can be both, an...