Tesla Inc

TSLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$151.00	Xnwfb	Mgwpxmkhq

Tesla Earnings: Our Long-Term Growth Thesis Is Confirmed as Affordable Vehicle Still in Development

Seth Goldstein

Apr 24, 2024

We've raised our fair value estimate for narrow-moat Tesla to $200 per share from $195 following first-quarter earnings, due to an improved near-term outlook. Shares were up over 10% in after-hours trading as the market reacted positively to management's outlook. At current prices, we view Tesla as undervalued, with the stock trading in 4-star territory.

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