Unlike the rest of the group, Tesla is a richly valued, highly volatile stock that trades on hopes for the future rather than dominance in the present. Here’s how to value it.

Key Takeaways Tesla shares rose close to 4% Friday amid a broader market rebound, but posted losses for the eighth week in a row, with some Wall Street analysts expecting further declines.Wells Fargo and JPMorgan analysts said they expect the stock could lose roughly half its value again,

Tesla stock closed down 3% at $240.68, while the S&P 500 and Dow Jones Industrial Average lost 1.4% and 1.3%, respectively. Tesla stock rose 7.6% on Wednesday after gaining 3.8% o