Electric vehicle pioneer Tesla Inc (TSLA US) is illustrating perfectly the markets current lack of appetite for increased future earnings I.e. growth. At MM we are unlikely to buy TSLA but after the 33% correction driven by sentiment the risk / reward looks attractive for the believers in Elon Musk, the biggest issue is what’s a fair price / valuation in today’s new environment – definitely not one to throw the kitchen sink at!
MM likes the risk / reward on Tesla (TSLA US) around $US830
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