💎 TESLA vs BTC - Projection price falling!

4 Feb 2020

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I took the BTCUSD candle drop pattern in 2018 and applied it to TSLA shares. It turned out that exactly the same drop will lead the company's price to its fair valuation in the range of $240-$210. Why this assessment???

The forward P/E is still more than 90!!! Thats incredible in motor vehicles field! And this is all assuming perfect execution, production capacity that does not exist yet, and that income from regulatory credits will stay the same. With this P/E investors should not expect a good return. Under these idealized assumptions rational investors could expect a decent return at a P/E of 12, so at a share price of $217 or less.

Write in comment how do you think what the fair price for TESLA Motors?
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