Analysts still can't agree whether Tesla is a car company or not

Published On Sep 12, 2024, 6:00 AM

Analysts are divided over whether Tesla should be classified purely as a car company or something more innovative, like a technology platform. D.A. Davidson's analyst argues that Tesla, with over 90% of its revenue and profits coming from car sales, is a car company. Conversely, Deutsche Bank's analyst believes Tesla is beyond just an automaker and should be valued as a tech platform due to its potential to disrupt multiple industries. With the upcoming robotaxi event, there are hopes for positive movement in Tesla's stock, despite recent declines.

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Stock Forecasts

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Positive

Considering Tesla's strong branding and upcoming events that could catalyze interest and investment, the stock may recover and attract long-term investors.

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