The growth premium on Tesla ran the stock up ahead of the fair value. The enthusiasm from 2021 was too much for the business value. However, the turbulence and slowing sales seen now will bring opportunity. 400-500 as a 5 year price is fair given the growth rate on earnings per share. So the lower the price falls, the better for investors looking to buy at a discount to future potential growth. Beware of higher risks if economy slows further, as this risk would reduce the 5 year growth expectations by analysts.
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