Tesla Inc (TSLA)

[XFundManager]

A Roth Capital analyst says Tesla’s stock is worth $150 — which would be a 78% discount !!

Craig Irwin, senior research analyst at Roth Capital, has a price target of $150 for Tesla — that’s way below the stock’s Monday close of nearly $1100.

Irwin said Tesla is a “minor player” in the U.S. and European automotive markets, but its valuation of around 1 trillion is close to the total size of those markets.

“So for me, I see this as a market dislocation, I see this as something avoiding analysis of the fundamentals and I think there’s room for many successful companies in the market. People are just assuming that Tesla has no competition when they put this kind of lofty valuation on the company,” Irwin said.

“They would really need to deliver on the robotaxis, the fully autonomous vehicles,” the analyst said, adding that Tesla appeared to pull back its efforts in that area, while other companies are coming out with “vastly superior technology.”