The stock price of Tesla, Inc. (TSLA.US) has been "cut in half" compared to its historical high point. Is it time to buy low?

Tesla, Inc. (TSLA.US) has recently experienced selling pressure, wiping out the gains since Donald Trump won the US presidential election last year. Tesla's current stock price is $262.67, a 46% drop from its all-time high of $488.54 set in December last year. Some analysts believe that this is a good buying opportunity for Tesla. Not just a "car manufacturer" Seekingalpha contributor The Techie has upgraded Tesla, Inc.'s rating from "hold" to "buy." While Tesla, Inc. may still face some unfavorable factors in the future, it presents a good buying opportunity at its current price level. Tesla, Inc.'s stock has proven to be more volatile than many other stocks, leading some to refer to it as a "meme stock" due to its volatility and the influence of CEO Elon Musk. However, The Techie believes that future tailwinds will support Tesla, Inc.'s stock to perform well in 2025. The Techie believes that Tesla is not just a "car manufacturer" anymore, but is now also becoming a company like Siasun Robot & Automation, with promising prospects. In the short term, Tesla, Inc.'s stock may follow the overall market decline due to a series of tariffs implemented by the Trump administration. However, at its current price level, the stock is seen as an investment with good risk-return potential. Tesla, Inc. is currently in oversold territory, with a relative strength index (RSI) of 26, similar to Alphabet and Amazon.com, Inc. When the current market turbulence subsides and some positive factors emerge, Tesla, Inc.'s stock price may see a significant increase. While electric vehicles are still the core part of Tesla, Inc.'s business, diversification will help the company's growth. Tesla, Inc.'s energy storage business, including Megapack and Powerwall, is rapidly growing and is expected to at least grow by 50% by 2025. Despite this, Tesla, Inc.'s car sales in Europe are plummeting, with a 76% year-on-year decline in Germany in February to 1429 units, while overall electric car sales grew by 31% during the same period. In China, fierce competition led to a 49.2% year-on-year decline in Tesla, Inc.'s sales in February. While facing intense competition in China, The Techie believes that competition will bring innovation, which is ultimately beneficial for the entire market. How do Wall Street analysts view it? Even after the recent stock price drop, Tesla, Inc.'s valuation remains high. However, compared to the mid-February levels, Tesla, Inc.'s valuation has significantly decreased. Tesla, Inc.'s forward price-to-earnings ratio is currently 98.1 times, lower than 113.2 times a month ago, and its enterprise value-to-sales ratio is currently 7.81 times, also lower than the previous 9.24 times. Elon Musk's intervention in international politics and his leadership in the mass layoffs of federal government employees have caused unease among investors, Tesla owners, and potential buyers. The Techie believes this will not have a significant impact on sales, a sentiment echoed by prominent Wedbush analyst Dan Ives. Ives stated that despite Musk facing severe criticism globally, less than 5% of Tesla, Inc.'s sales worldwide are affected by these issues. Additionally, Tesla, Inc.'s prospects in India are looking promising, with the company already recruiting staff in Delhi and Mumbai and looking for showrooms in these cities. While the company must compete with cheaper domestic brands and target specific social strata, Tesla, Inc. is working on reducing manufacturing costs, with material and labor costs falling to their lowest levels last quarter due to lower raw material costs. With a large population in India, lower labor costs could also benefit Tesla, Inc. It is worth noting that the Trump administration is negotiating with Indian officials to lower US import tariffs on cars, which could pave the way for Tesla, Inc. to enter the Indian market. Long-term, The Techie remains optimistic about Tesla, Inc. Short-term positive factors include: lower cost, more affordable models; autonomous Siasun Robot & Automation taxis set to launch in Austin in June; and the company is expected to produce thousands of Optimus humanoid Siasun Robot & Automations by 2025. The Techie was bullish on Tesla, Inc. when the stock price was $400, but now with it at $260, confidence in the stock is even higher. Overall, there is a difference in opinion among Wall Street analysts on Tesla, Inc., with 13 analysts rating it as "buy," 11 as "hold," and 11 as "sell." The consensus rating is "hold" with an average target price of $347.96, 32% higher than the current stock price level.