TSLA (Update)
Tesla Inc
Industrial/Transportation
09/20/2020
Presented
| Date | 09/15/2020 |
| Price | $149.92 |
| Market Cap | $419.09B |
| Ent Value | $231.66B |
| P/E Ratio | 1170.34x |
| Book Value | $4.00 |
| Div Yield | 0% |
| Shares O/S | 2,795.43M |
| Ave Daily Vol | 230,023,860 |
| Short Int | 7.36% |
Current
| Price | $219.57 |
| Market Cap | $701.45B |
| Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA. |
Please note, this stock split on 08/25/2022 at a ratio of 3/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $449.76.
Please note, this is an update to Tesla Inc (TSLA) – Long, which was first presented on 12/13/2019.
Publicly traded companies mentioned herein: Catalent Inc (CTLT), Etsy Inc (ETSY), Teradyne Inc (TER), Tesla Inc (TSLA)
Highlights
The presenter is long shares of Tesla Inc (TSLA), which he believes will grow FCF faster than any other large cap stock he follows. Shares of TSLA reached an all-time high of ~$500 at the end of August due to speculation that TSLA would be added to the S&P 500 index, but then fell 21% when S&P Dow Jones Indices announced the additions of ETSY, CTLT, and TER. The stock has since rallied back to ~$445 per share, roughly where it was prior to the S&P 500 anticipation. At this point, TSLA is trading at ~19x the presenter’s ~$23 FCF per share expectation for 2022 (vs. consensus estimate of $3.48); he believes the biggest reason for this delta is the Street underestimating the impact of TSLA’s new factories. In addition, he is confident that the company will eventually be added to the S&P 500, which could drive a material increase in the stock price.
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