In a video interview, Aswath Damodaran, a renowned figure in the investing world, has disclosed his purchase of Tesla Inc TSLA stock at approximately $180. This revelation has sparked discussion among investors, with Redditors at r/ValueInvesting sharing their thoughts on whether Tesla is a good buy at its current price.
During the interview, Damodaran talked about how the Magnificent Seven stocks saved the market in 2023. He discussed his investment in each of these stocks, highlighting that he bought Tesla stock just a week back at $180 a share.
Shares of Tesla are currently trading just below $180. Here’s what Redditors have to say about Tesla stock’s price right now.
Differing Views Among Investors
Some investors view Damodaran’s move as strategic, noting his history of purchasing stocks at or below intrinsic value without requiring a margin of safety. Others raise concerns about Tesla’s current state and profitability amidst global economic challenges.
One Redditor defended Tesla’s diverse offerings, highlighting the company’s competitive advantages over traditional automakers. Meanwhile, skeptics are wary of Tesla’s high valuation, competition, and regulatory hurdles, questioning its potential beyond the automotive sector.
As investor sentiment sways back and forth, the debate over Tesla’s future direction intensifies, reflecting the unpredictable landscape of the stock market.
Analyzing Technical Indicators Amidst Controversy
Technical analysis suggests potential support for Tesla stock around the $160 mark, signaling a possible shift in market sentiment. Investors are advised to conduct thorough research and evaluate risk tolerance before considering significant investment decisions.