Aboutme.Profsubin: Tesla shares is over-valued, sell it and wait for its correction

 Aboutme.Profsubin: Tesla shares is over-valued, sell it and wait for its correction

1. Tesla is an American Electric Vehicle plus clean energy company.

2. Current products are electric cars which consists of Model S, Model 3, Model X, Model Y

3. Energy storage from home to grid scale, solar panels and solar roofs and services.

4.  Elon Musk is the person who changed the corporate atmosphere.

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5. It has already reached the height of $502.14, then the share had dropped more than 5%.

6. Now if the share had dropped below $447, then this share will be moving downwards.

7. Now more up-level is not there, as the market is on the pre of correction, better dont enter into the stocks.

8. Correction is expected to be min. 15%.

9. Expected to decrease till $330 before the next result is out.

10. EPS is very low lying between -0.08 to +0.01

12. PEG is negative, so that share had moved up.

13. Last year revenue was $24,578,000 and this year the target is expected to be $25,708,000, but due to COVID-19 it seems very tough.

14.Gross profit of 2019 was $4,06,9000 but i feed personally that this will be maintained this year.

15. Ebitda will be below $3,491,000 and the shares will be having a huge correction.