What Tesla Is Actually Worth, and Why Investors Disagree So Violently

Tesla, is, a, prime, example, of, how, two, informed, investors, can, see, the, same, company, and, come, to, totally, different, conclusions, about, its, value., The, bull, case, argues, that, Tesla, is, more, than, just, a, car, company., It, has, potential, in, autonomous, driving,, energy, storage,, solar,, robotics,, and, other, emerging, sectors,, in, addition, to, its, car, manufacturing., Supporters, believe, Tesla's, high, valuation, reflects, the, market's, expectations, for, a, range, of, future, opportunities, that, go, well, beyond, current, car, sales.

The, bear, case, disagrees., At, its, core,, Tesla, is, still, mostly, a, car, manufacturer., It, faces, the, same, economic, challenges, as, traditional, carmakers,, along, with, rising, competition, from, established, brands, and, new, EV, companies., Plus,, it, deals, with, margin, pressures, typical, in, the, auto, industry., Tesla, trades, at, multiples, much, higher, than, traditional, automakers, like, Ford, and, General, Motors., Bears, argue, that, these, high, valuations, assume, a, level, of, future, success, across, various, business, lines, that, might, never, happen.