“Certainly I was surprised that Tesla did as well as it didMunger said in an interview with Becky Quick on CNBC that aired on Tuesday.
And added: “I don’t equate Tesla with bitcoin. Tesla has made real contributions to this civilization. Elon Musk has done good things that others have not been able to do.”
“It’s been a long, long time since we’ve had a successful new car company.. What Tesla has done in the auto industry is a small miracle,” Munger said.
In response to Munger’s comments, Musk said in a tweet Tuesday that “the words of Mr. Munger are greatly appreciated.”.
Finally, it should be noted that the average analyst is also bullish on Tesla stock, as 21 of the 38 professional analysts who follow the stock advise a buy rating, while 10 have a neutral rating and only four prefer to sell. Additionally, the median target for these analysts is $278.48, which translates to 43.24% upside potential from last night’s close.
Also, the InvestingPro fair value of Tesla shareswhich synthesizes various financial models, stands at $229.33, that is, 17.8% above the current price.
However, Tesla faces its second round of losses, after it became known this week that one of the cars that was operating on autopilot lose control and run over two people until they end up crashing.
In the third quarter, the company had growth in sales, according to the publication of its balance sheet. Its income climbed to u$s21,454 millionwhich represents an increase in 56% YoY. However, market expectations awaited higher values.
The American company managed to exceed the market consensus in terms of its earnings per share, obtained US$1.05 and consolidated above US$0.99 expected. However, it was located slightly below the expected income, which totaled about $21,454 million in relation to $21,960.
Source: Ambito
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