| Tesla (Nasdaq: TSLA) has been on quite a ride lately. After hitting lows around $110 in early 2023, the electric vehicle pioneer surged more than 300% to around $480 by the start of this year. That momentum was fueled by excitement around the company's AI initiatives and its autonomous driving potential. Then came the fall. CEO Elon Musk's spats with the company's board over his role in the Trump administration - and now his falling out with the Trump administration - have soured the enthusiasm a bit. (That being said, Tesla was one of the biggest winners in the S&P 500 today at nearly 4%, signaling that there's still plenty of optimism surrounding the stock.) The company that revolutionized the auto industry continues to push boundaries. Tesla isn't just an automaker anymore - it's an AI company, energy storage provider, and autonomous vehicle developer all rolled into one. From its Gigafactories producing millions of vehicles to its growing Supercharger network, Tesla has built an impressive empire. Its recent results show a company still firing on multiple cylinders. Tesla delivered nearly 1.8 million vehicles in 2024 and generated massive free cash flow. The company's energy storage business is booming, with deployments growing 154% year over year. Plus, its Full Self-Driving technology is advancing rapidly, with the company accumulating billions of miles of real-world driving data. However, Tesla also hit some speed bumps during the first quarter of 2025. Revenue dropped 9% year over year to $19.3 billion as the company simultaneously updated Model Y production across all four factories. Vehicle deliveries fell 13%, and operating income plunged 66% to just $399 million. While these struggles were largely due to the Model Y changeover, they show how quickly Tesla's results can swing. This is exactly what The Value Meter is here for: to help us cut through the noise and arrive at an objective conclusion. So, what does it say about Tesla's current valuation? |
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