Tesla Stock Is a Buy Today
Morningstar’s updated analysis suggests the EV maker’s stock price is too low.
Seth Goldstein
Seth Goldstein, CFA, is an equities strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers agriculture, chemicals, and lithium companies in the basic materials sector and is also the chair of Morningstar's electric vehicle committee.
Prior to assuming the equity analyst role in 2017, Goldstein was an associate equity analyst covering the basic-materials sector. Before joining Morningstar, Goldstein was a senior financial analyst for Oasis Financial, a financial analyst for Berkshire Hathaway Energy, and a field operations supervisor for the U.S. Census Bureau.
Goldstein holds a bachelor's degree in journalism from Ohio University and a Master of Business Administration, with a concentration in finance, from the University of Iowa. He also holds the Chartered Financial Analyst® designation.
Latest
Basic Materials Sector Outperforms, but We Still See Long-Term Opportunities Amid Broader Market Decline
We forecast demand growth will outpace new supply in 2023, leading to a widening supply deficit, which should support prices remaining near current levels.
Trimming Tesla Stock’s Fair Value Estimate to $220 on Lower Near-Term Outlook
The electric vehicle maker’s 2022 deliveries missed our forecast, but we see a strong upside with much of the bad news already priced in.
Tesla Stock Undervalued, Fair Value Estimate Unchanged Following Musk’s Share Sale
We see no reason to change our $250 estimate or narrow moat rating.
3 Specialty Chemical Stocks to Buy Now
Where the market sees caution, Morningstar analyst Seth Goldstein sees opportunity.
Tesla’s Q3 Earnings Show Sequential Margin Improvement; Stock Slightly Undervalued
Investors should wait for a larger margin of safety before buying Tesla stock.
Basic Materials Sector Underperforms; We See Long-Term Opportunities Amid Broader Market Decline
More than 54% of the stocks are trading in either 5- or 4-star territory.
Trimming Tesla Fair Value Estimate to $250 Following Lower Q3 Deliveries
The electric vehicle maker’s stock fell as much as 8% on Monday.
Is Tesla Stock a Buy After the Split?
The EV market leader’s strong brand drives pricing power, Morningstar’s analyst says.
Raising Tesla Stock Fair Value Estimate to $760 on Improved Nonautomotive Outlook; Shares Fairly Valued
We expected Q2 2022 earnings on Tesla stock to be the low point of the year.
Lithium Stocks a Bright Spot in Basic Materials
Market's decline leaves over half of the sector undervalued, trading at 4 or 5 stars.
Tesla Reports Sequential Fall in Deliveries; Shares Slightly Undervalued
With our outlook intact, we maintain our $750 fair value estimate and narrow moat rating.
Top Stock Picks Among Lithium Producers
A higher price forecast for the metal boosts our valuations for the stocks.
No Changes to Our Outlook as Tesla Proposes 3-for-1 Stock Split
At current prices, we view Tesla as fairly valued with the stock trading slightly below our fair value estimate.
Tesla Shares Fall on Hiring Freeze and Job Cuts
We think the electric vehicle maker likely does not need to hire any more employees in order to maintain its growth.
Tesla Shares Crash on Market Concerns Over Twitter Deal
We think the market reacted negatively to Musk likely spending less time running Tesla. We maintain our FVE and view Tesla as slightly overvalued currently.
Raising Our Fair Value for Tesla on Near-Term Outlook
The quarter exemplified our long-term thesis that Tesla has the ability to raise prices, and reduce unit production costs and overhead expenses, all of which will drive higher profits.
Musk's Musings Don't Change Outlook for Lithium Stocks
Our outlook for the lithium producers under our coverage is unchanged.
Market Decline Leaves Some Basic Materials Stocks Undervalued
Specialty chemicals producers a smart way to play the growth in electric vehicles and 5G technologies.
Tesla Reports Q1 Deliveries; Shares Overvalued
We maintain our $700 per-share fair value estimate and narrow moat rating for Tesla.
Tesla Posts Strong Q4, But It’s Still Overpriced
We’re maintaining our fair value estimate of $700.
Is Tesla's Disruption Worth the Price?
Here's Morningstar analyst Seth Goldstein's take on the world's largest battery electric vehicle automaker.
Tesla Reports Strong Quarter; We Raise FVE to $700
Our long-term outlook remains unchanged as we continue to expect sales growth will slow.
Tesla Shares Fall for Second Day as Competition Emerges
Increased competition from Nvidia could reduce Tesla's AV technological advantage and weigh on long-term growth.
Tesla CEO Elon Musk Plans to Sell 10% of Shares
Fair value estimate remains the same following Elon Musk stock announcement.
Tesla Increases Vehicle Sales From Fleet Opportunity
We've raised our fair value estimate for the narrow-moat automaker to $680 per share.
Raising Our Tesla FVE on Improved Near-Term Outlook
We currently view the automaker's shares as overvalued.
Electric Vehicles Spark Growth for Basic Materials
There are few undervalued stocks in the sector.
Tesla Reports Solid Q3 Deliveries; Shares Overvalued
We're maintaining our $600 fair value estimate, as higher near-term sales are offset by delayed production of new vehicles.
4 Stocks to Watch in the Electric Vehicle Supply Chain
Automakers aren’t the only ones poised to benefit from EV growth.
Tesla Moves Into Texas Retail Energy Business
We think the strategy to become a retail energy provider makes sense and maintain our fair value estimate.
Raising Tesla's FVE on Improved Outlook for AV Software
At current prices, we view Tesla shares as fairly valued with the stock trading a little over 10% above our fair value estimate.
NHTSA Opens Investigation into Tesla Autopilot Software
Shares crashed at the time of the writing and currently, we view shares as slightly overvalued.
What Biden's Executive Order Means for EVs
Biden's plans are in line with our thesis for higher U.S. and global EV adoption.
Raising DuPont's FVE to $94 on Strong Q2 Results
The firm is well positioned to capture sales and profit growth from multiple favorable trends.
Tesla Shares Rally on Infrastructure Bill
Our view for the company is unchanged and we maintain our $570 per share fair value estimate and narrow moat rating.
Improved Near-Term Outlook for Tesla
We're raising our fair value estimate to $570 per share from $550.
5 Automakers Best Positioned for the Future
These companies can take advantage of rapid electric vehicle growth.
Tesla Charges Ahead
We boosted our valuation on an improved profit outlook, but the EV maker still isn’t a buy.
Basic Materials Stocks Look Pricey
Although outperformance has leveled off, there are currently no 5-star stocks from the sector on our coverage list.
Raising Tesla's FVE on Improved Profitability Outlook
The increased fair value estimate comes from our outlook for higher long-term profitability in the automotive segment.
Climate Change Creates Immediate Opportunity in Salt
Compass Minerals will benefit from higher prices and lower costs.
Agriculture, Chemicals Appeal in Basic Materials
We expect potash demand to grow over the next several years in basic materials.
DuPont Is Materially Undervalued
We don't think the market appreciates the company's long-term earnings power.
Opportunities in Basic Materials Limited to Agriculture and Chemicals
Lithium demand took a hit as a result of the pandemic, but we expect it to rebound.
Falling Lithium Prices Provide Buying Opportunity
Following the Tesla battery day event, lithium producer stock prices plunged. We see no change to our outlook for lithium.
The Market's Too Cautious on DuPont and Corteva
We think investors' fears about liability issues are overblown.
Look to Lithium's Bright Long-Term Future
Getting past near-term growing pains and uncertainty, we see significant risk-adjusted upside.
Opportunities in Lithium Stocks Despite Delayed Supply
We have reduced our near-term outlook for lithium demand and maintain our current forecasts for three narrow-moat companies.
Brighter Lithium Outlook Boosts Our Valuations
All three lithium producers we cover are undervalued.