27 Nov 2024, 06:00 AM IST The consensus analysts’ price target for Tesla shares, compiled by TipRanks, is at $232.64, suggesting roughly 32% downside from current levels. (AFP) Summary Elon Musk’s Tesla holds out a lot of promise in the long run. Still, even the most loyal investors are worried about near-term fundamentals as the core electric vehicle business continues to struggle amid economic uncertainties. Gift this article The analyst does not include Optimus in his model. On the other hand, there are sceptics as well. GLJ Research’s Gordon Johnson said it is only right to value Tesla as an automotive company, given the scepticism regarding the rest of its revenue opportunities coming to fruition any time soon. Tesla vs Indian automakers: Which stock to opt for Tesla, with its star appeal and history of above-average returns, could appear a better investment option at the outset. As has been the case with most growth stocks, the high returns come along with high risks. On the flip side, the Indian automakers present a more here-and-now play, with no embedded moonshot bets (at least none are known openly) but a solid hold over the current auto markets—and at far more reasonable valuations. For more such analysis, read Profit Pulse. Which direction you take will depend on a whole host of factors, including the “price" you are willing to pay for a “future" opportunity. Note: We have relied on data from widely used and accepted sources of information. The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educational purposes only.  Shanthi has over two decades of reporting on US markets and stocks, with particular focus on techs, EVs and biopharma companies. Her stories have appeared on Yahoo Finance, MSN and have been cited in books and US newspapers as well. Disclosure: The writer and her dependents do not hold the stocks/ETFs discussed in this article.