Morningstar Analyst Seth Goldstein Puts a Brake on Tesla with 'Sell' Rating
In what might be a reality check for Tesla enthusiasts, Morningstar analyst Seth Goldstein has issued a 'sell' rating on Tesla stock. Goldstein believes the market has become overly optimistic about Tesla's upcoming ventures, particularly the eagerly anticipated robo taxi service. Highlighting concerns over potential delays and scaling issues with Tesla's new products like the Optimus robots, Goldstein warns that such obstacles could shake the stock's current mid-$400 range valuation, which relies on strong growth and free cash flow projections. As Tesla prepares for its earnings report, all eyes are on whether these predictions will hold.
Oct 22