Tesla in 2023: A Return to Reality, The Start of the End or Time to Buy?

1. My Tesla Valuations over Time
2. In fact, in my November 2021 post on Tesla, I explicitly noted that it is almost impossible to value Tesla without bringing in your view of Musk into the valuation:
3. There is a niche market story that can be used to justify higher operating margins at Tesla, but that story would be incompatible with it having revenues of $400 billion.