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Stock impact report

Tesla's car business is only worth $30 a share, analyst warns [Yahoo! Finance Canada]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
a closer look suggests its core business of building and selling EVs is only worth a fraction of its market cap. "Tesla is being viewed more and more on autonomy and energy," Jed Dorsheimer, group head of energy research at William Blair, told Yahoo Finance's Opening Bid. Dorsheimer, who evaluates Tesla through the lens of energy and infrastructure, pointed to a startling disconnect in the company's valuation. "There's really a deemphasis on the auto business, which we value in some of the parts analysis that we've published," he said. "It really only [represents] about $30 to $40 per share in that business." Tesla's stock has been on a tear. Shares have surged over 7% in the past five trading days, hitting new record highs . Meanwhile, the Dow ( ^DJI ) and S&P 500 ( ^GSPC ) have both slipped as investors digested labor data revealing unemployment had inched up to — the highest level since 2021. Tesla, Inc. (TSLA) Tesla's rally has been powered by reports of driverless robot Show less Read more
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