Financial Analyst and YouTuber Kevin Paffrath joins Market Domination to discuss Tesla’s (TSLA) stock valuation and what to expect from the company by the end of the year.

“My rule of thumb this year is patience for 2024,” Paffrath says, pointing to factors like the election and CEO Elon Musk’s posts on X that make Tesla a “tough” stock.

“I’d like to get past not only the election — because then I think we’re going to see politics cool a little bit from the Elon point of view — but we’ll also have gotten past the shareholder vote. We’ll have gotten past the robotaxi event. We'll see how much adoption we actually get for full self-driving, ” he explains.

Paffrath also says he’ll be closely watching how much cash Tesla will have by the end of the year: “I think there’s definitely a massive cash problem and that’s why I’m just saying patience this year.”

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This post was written by Melanie Riehl