Published first at https://www.3minutebreakdowns.com Tesla stock analysis. Ticker: $TSLA Tesla stock is down 26% this year and over 50% from its all time high. At the current price, the company has a market cap of $586 billion dollars. The company has 29 billion of cash and investments and 5 bill...

Published first at https://www.3minutebreakdowns.com Tesla stock analysis. Ticker: $TSLA Tesla stock is down 26% this year and over 50% from its all time high. At the current price, the company has a market cap of $586 billion dollars. The company has 29 billion of cash and investments and 5 billion of long term debt taking the enterprise value to 562 billion. Revenue over the last 12 months comes to 97 billion with 15 billion of net income and 4.4 billion of free cash flow. So Tesla stock is now valued at 39 times earnings and 129 times free cash flow. In my last video on Tesla I gave the stock a bearish rating which was based on the company’s disappointing fourth quarter earnings and outlook for 2024. In that earnings, Tesla reported a slowdown in top line growth and weakness in profit margins. Automotive revenue grew by less than 2% and the company’s overall operating margin dropped to 8.2%, putting it below legacy automaker Toyota Motors. And although Tesla reported strong net income, it was boosted by a one-time tax benefit of almost 6 billion. Zooming out, however, provides some perspective. Full year revenues still advanced 19% with a record 1.8 million vehicles delivered. And the company managed 4.4 billion of free cash flow despite investing a record amount in research and development. #investing #stockstobuy #teslastock #3mb