-
Tesla stock is trading at its ‘cheapest valuation’ in years, Wedbush’s Dan Ives says
The steep slide in Tesla’s (TSLA) stock rate this 12 months is commencing to catch the eye of valuation watchers. “Not considering the fact that 2018 has Tesla traded at these levels,” Wedbush analyst Dan Ives wrote in an e mail to Yahoo Finance. “On an EV/EBITDA [earnings before interest, taxes, depreciation, and amortization] basis it is the most economical valuation to date.” Ives — a former Tesla bull who manufactured headlines in mid-November for taking away the EV maker’s stock from Wedbush’s ideal concepts listing — isn’t far too significantly off on Tesla’s stock becoming significantly low cost relative to historic norms. Tesla’s inventory trades on a ahead value-to-earnings…