TSLA

Tesla Inc

Industrial/Transportation


Presented:05/23/2023
Price:$185.77
Cap:$588.80B
Current Price:$219.57
Cap:$701.45B

Presented

Date05/23/2023
Price$185.77
Market Cap$588.80B
Ent Value$703.34B
P/E Ratio54.66x
Book Value$15.16
Div Yield0%
Shares O/S3,169.50M
Ave Daily Vol133,559,216
Short Int3.45%

Current

Price$219.57
Market Cap$701.45B
Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. 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 solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.

Publicly traded companies mentioned herein: Tesla Inc. (TSLA)

Highlights

The presenter is short shares of Tesla (TSLA) following the recent 82% increase in the stock from January lows. There is a real disconnect between the recent price surge and the company’s prospects for achieving street expectations on volumes and margins in 2023 and 2024. The macro environment for new car sales is expected to be challenging for the foreseeable future and will feature increased competition within EVs specifically. As a close observer and owner of Tesla shares over many years, it is clear there are now Tesla-specific concerns around the financial impact of recent price cuts which seem to have little prospect of being balanced by cost reductions or volume increases to offset these price cuts. With this backdrop, it will be hard for TSLA to achieve $3 in earnings for 2024, and he models the potential for downside of 40-50%.

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Idea Discussion

Commentor 1 - 2 weeks ago

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