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How to Protect your Wealth by Investing in AI Tech Stocks

Tesla TSLA Q4 Earnings - Buy the Rumour Sell the News

Companies / Tesla Jan 30, 2023 - 08:52 PM GMT

By: Nadeem_Walayat

Companies

TESLA - $143, EGF 16%, EGF12M 362%, PE 39

Tesla's PE ratio collapsed along with it's stock price to a low of $100 a share! And as expected has rebounded strongly to now well above $130 and should continue trending higher to north of $160, to eventually attempt to break back above $200 this year, but the trend will be volatile i.e. expect huge gap moves. In terms of earnings the EGF's remain strongly positive so Tesla regardless of MSM noise should continue to post positive earnings growth signs for which can be seen in the reopening of China which thus feeds the stock prices trend higher. The valuations has reset to X39 and should continue to moderate during 2023 which suggests to expect earnings to continue to grow all year. After some trimming I am currently 130% invested and I aim to continue to lighten towards being about 115% invested in this volatile AI tech giant.


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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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