TSLA (Update)

Tesla, Inc.

Industrial/Transportation


Presented:12/04/2020
Price:$199.68
Cap:$567.83B
Current Price:$219.57
Cap:$701.45B

Presented

Date12/04/2020
Price$199.68
Market Cap$567.83B
Ent Value$475.98B
P/E Ratio1197.12x
Book Value$6.00
Div Yield0%
Shares O/S2,843.70M
Ave Daily Vol149,023,926
Short Int6.30%

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 $599.04.

Please note, this is an update to Tesla Inc (TSLA) – Long (Update), which was first presented on 09/20/2020, and to Nikola Corporation (NKLA) — Short which was presented on 09/20/2020.

Publicly traded companies mentioned herein: Bayerische Motoren Werke AG (BMW GR), Daimler AG (DAI GR), General Motors Co (GM), Nikola Corp (NKLA), Tesla Inc (TSLA), Volkswagen AG (VOW GR)

Highlights

The presenter remains long Tesla Inc (TSLA) at ~$595 per share and short Nikola Corp (NKLA) at ~$19 per share. He notes that this is not a pair trade, but rather sees value in these individual trades given TSLA’s and NKLA’s positions within the competitive EV landscape. He anticipates TSLA’s valuation continuing to grow for as long as the company can continue beating Street estimates, while NKLA’s share price could fall ~50% in his opinion. 

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Idea Discussion

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