Tesla stock is trading at its ‘cheapest valuation’ in years, Wedbush’s Dan Ives says

Tesla stock is trading at its ‘cheapest valuation’ in years, Wedbush’s Dan Ives says

Business
December 13, 2022 by secret
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[ad_1] The steep slide in Tesla’s (TSLA) stock price this year is starting to catch the eye of valuation watchers. “Not since 2018 has Tesla traded at these levels,” Wedbush analyst Dan Ives wrote in an email to Yahoo Finance. “On an EV/EBITDA [earnings before interest, taxes, depreciation, and amortization] basis it’s the cheapest valuation