Tesla: Fair Value Could Be Under $50 Per Share

AdrianHancu In my previous article on Tesla, Inc. (NASDAQ:TSLA), I warned about a potential downside that would continue beyond early 2024. Since then, the stock has lost about 22% in value, underperforming the S&P 500 (SP500) by a wide margin. The problems present in Q4 2023 – or more generally over the past two years – continue to go unresolved, and I believe this company is gradually losing investor confidence. Even in this quarterly, it was unable to beat estimates, despite being revised downward from previous years: Non-GAAP EPS of $0.45 misses by $0.05. Revenue of $21.31B (-8.5% Y/Y) misses…