Tesla Inc

TSLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$148.00	Ljyxjh	Ppgfhwhstc

Tesla Earnings: Profit Margins Contract for Third Straight Time, Driven by Price Cuts

Seth Goldstein

Jul 20, 2023

We maintain our $215 per share fair value estimate and narrow moat rating for Tesla following the company's second-quarter earnings. Tesla shares were down 4% in afterhours trading as the market responded to management's commentary that further price cuts could be coming later this year. At current prices, we view Tesla shares as overvalued, with the stock trading in 2-star territory.

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