What Should Tesla's Stock Be Worth?

Notably less than it is now

So much focus on "self-driving" which is not proven (at least by Tesla's approach) to scale, and fundamentally it's a car manufacturer, not a tech company

I've read Wolfstreet for a while now and have yet to read any positive news from it. It's mostly warnings about how bad something is without much balance. I guess if you are down on everything then you are bound to be right sometimes. It's like the broken clock that's right twice a day. It's true but it's not very useful.

This Tesla analysis is something that could have been done anytime within the last 10+ yrs and still come up with the same conclusion: It's overpriced. Yet, it continues to go up. How much should it be worth? Whatever buyers are willing to pay. No accounting analysis will give you the right answer.

From Article:

P/E ratios currently:

Ford: 11.1 GM: 5.5 Stellantis: 2.7 Honda: 7.3 Toyota: 9.6 Tesla: 103.2

"Tesla should reasonably trade at a P/E ratio of up to 15 maybe, to be valued for reality. So divide Tesla’s current share price of $378 by about 7, to get a share price of $54."

Related:

Tesla reports 1.1% sales drop for 2024, first annual decline in at least 9 years

https://news.ycombinator.com/item?id=42575940

Musk is basically a con artist selling hype and fantasy.

"Full self driving" has been repeatedly promised for over a decade --- and it's still years out if ever using the Musk approach.

But the real mark of a con artist is someone who seeks a political solution to a technical problem.