The company is a sustainability 'behemoth'

Amid the carnage that is Tesla’s stock price headed into 2023, a Wall Street bull has emerged with a reminder to all that the company remains a longer-term sustainability play.

“When we look over the next six to 12 months, and over the next multiple of years, it’s actually pretty positive for Tesla. They have an incredibly strong balance sheet to weather a recession. And on the other side, they are destined to increase their leadership in EVs, which we think are on the cusp of really penetrating penetrating the overall auto market,” Canaccord Genuity analyst George Gianarikas told Yahoo Finance Live (ວິດີໂອຂ້າງເທິງ).

In a new note to clients, Gianarikas called Tesla (TSLA) a sustainability “behemoth” — pointing to leadership positions in EVs and in solar with SolarCity. The analyst sees fair value for Tesla’s stock at $275, up sizably from its current price of $123 in midday Friday trading.

Gianarikas acknowledged, however, that the near-term is uncertain on Tesla.

“The near-term is incredibly uncertain. But it’s being reflected in the stock. Sometimes stocks tend to bottom before the fundamentals do. So when we look out to the long-term, there is a lot of earnings power here. The company has lots of growth vectors, whether it’s EVs, semis, robotics — we are very positive in the long-term,” Gianarikas added.

Tesla's bumpy road. — Tesla’s bumpy road.

To be sure, many other investors and analysts have lined up against bullish takes on the one-time popular momentum trade of Tesla this year.

The stock has plunged around 65% year to date, and 26% in the past month alone amid demand concerns and Musk’s unpredictable leadership over at Twitter. This week brought news Tesla ຈະໃຫ້ສ່ວນຫຼຸດ $7,500 ສໍາລັບລົດ Model 3 ແລະ Model Y delivered in the U.S. in December — an unexpected development that further pressured the stock price.

ຈໍານວນນັກວິເຄາະມີ ໄດ້ຫຼຸດລະດັບຫຼັກຊັບໃນມື້ທີ່ຜ່ານມາ on fears of a sharp 2023 demand slowdown. Others, such as Wedbush analyst Dan Ives, continue to trim price targets on Tesla amid the stock’s precipitous fall.

“Need a leader at this time for Tesla, not Ted Striker,” former Tesla bull Ives said in a new note on Friday, referring to the pilot in the comedy film “Airplane.”

"ໃນເວລາດຽວກັນທີ່ Tesla ກໍາລັງຕັດລາຄາແລະສິນຄ້າຄົງຄັງກໍາລັງເລີ່ມສ້າງທົ່ວໂລກເພື່ອປະເຊີນກັບການຖົດຖອຍຂອງໂລກ, Musk ຖືກເບິ່ງວ່າ "ນອນຫລັບຢູ່ລໍ້" ຈາກທັດສະນະການນໍາພາສໍາລັບ Tesla ໃນຊ່ວງເວລາທີ່ນັກລົງທຶນຕ້ອງການ CEO ເພື່ອນໍາທາງ. ພາຍຸປະເພດ 5 ນີ້,” Ives ກ່າວຕື່ມວ່າ. "ແທນທີ່ຈະ Musk ແມ່ນເລເຊີສຸມໃສ່ Twitter, ເຊິ່ງເປັນຄວາມຝັນຮ້າຍຢ່າງຕໍ່ເນື່ອງທີ່ບໍ່ເຄີຍສິ້ນສຸດສໍາລັບນັກລົງທຶນໂດຍຫວັງວ່າ CEO ໃຫມ່ຈະຖືກເລືອກໃນອາທິດຂ້າງຫນ້າເປັນບາດກ້າວທໍາອິດ."