Tesla 2023
- Thread starter VicBee
- Start date
Switching subject, I take it you acknowledge that the so called lack of demand for EVs is fluff, even if insinuated by THE Street.
$146?!? By God, I must sell now!
Gary Black on X:
New $TSLA research initiated by HSBC with the equivalent of a Sell rating getting blame for TSLA’s -5% decline today. Most bearish part is his $146 PT, of which 40% comes from FSD, Dojo, and Optimus, which leaves just $90/share in value for the traditional EV business. For reference, we put $300 in value on the EV business based on a 2030 EPS of $22, a 30x P/E and a 13.1% cost of equity.
Analyst Michael Tyndall says his valuation is 50% DCF/50% based on global tech multiples. Without seeing his analysis, we can’t poke holes in it. But our bet is analyst Tyndall is assigning a multiple based on the tech category rather than his projected growth rate. If so, that isn’t consistent with financial theory. We’ll try to get a copy of the full report.
Didn't grab the Yahoo link at the time, was lazy and or tired and can't find it now - but I seem to recall analyst was longer term bullish on TSLA (5 years out or so) but short term negative mainly because a) of one man at the top and cult of personality thereof, b) new initiatives (FSD, new factories etc you're more aware of these things than me) will take time to become profitable and contribute strongly to earnings, c) a couple of other items can't seem to recall. And somewhere in the comments was of course mentioned ... margin compression.
Yesterday was a 6 day low close a lot closer to 3rd qtr earnings swing low than it reaching $300 any time soon.
Agree with your last comment. HSBC analyst or Biden wink for the unions to go after Tesla... The share price was significantly affected by the news.
$300 seems a long way off. Let's see what December looks like... Cybertruck release and solid Q4 results may take us there.
Huawei launches its rival to Tesla’s Model S
https://www.cnn.com/2023/11/10/cars/china-huawei-new-ev-launch-intl-hnk/index.html
.....
“In all honesty, I think comparisons with the Model S may be a bit ambitious on most metrics that I can find information for,” he told CNN, noting that some performance metrics had not been fully released.
“Where the S7 does stand out though is the 800-volt platform, which should enable very fast charging. Tesla [doesn’t] yet use an 800-volt platform, so the S7 will have an edge in this area,” Rainford said.
.....
And price.
https://www.cnn.com/2023/11/10/cars/china-huawei-new-ev-launch-intl-hnk/index.html
.....
“In all honesty, I think comparisons with the Model S may be a bit ambitious on most metrics that I can find information for,” he told CNN, noting that some performance metrics had not been fully released.
“Where the S7 does stand out though is the 800-volt platform, which should enable very fast charging. Tesla [doesn’t] yet use an 800-volt platform, so the S7 will have an edge in this area,” Rainford said.
.....
And price.
No flipping allowed.
https://www.engadget.com/tesla-fine...r-50k-if-they-flip-it-too-soon-173137300.html
https://www.engadget.com/tesla-fine...r-50k-if-they-flip-it-too-soon-173137300.html
Tesla fine print says it may sue Cybertruck resellers for $50K if they flip it too soon
The company added a Cybertruck section to its purchase agreement ahead of the first deliveries on November 30.
Cheyenne MacDonald
Weekend Editor
Sun, Nov 12, 2023, 11:31 AM CST·1 min read
6
Tesla
A new “Cybertruck Only” clause in Tesla’s purchase agreement stipulates that buyers cannot sell their new vehicle within the first year unless they have explicit permission from the automaker, or they may be sued. The company just updated its Motor Vehicle Order Agreement ahead of the first Cybertruck deliveries, which it said last month are on track for November 30.
Under the terms, which have been making the rounds on social media this weekend, Tesla states that it “may seek injunctive relief to prevent the transfer of title of the Vehicle” if buyers breach its resale provision, or it may “demand liquidated damages from you in the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.” The terms also warn that offending resellers could be barred from buying vehicles from Tesla in the future.
Tesla says it may grant exceptions to some people wishing to sell their Cybertruck within the first year, but they must get written consent. If the company does agree, it will either buy the car back at a reduced price — deducting $0.25 per mile driven, plus wear and tear, and the cost of any necessary repairs — or allow the owner to resell the truck to a third-party buyer. Tesla’s Cybertruck is only being released to a small number of select customers at first and won’t enter mass production until 2024, so naturally, the company is trying to get ahead of resellers looking to cash in on the vehicle’s rarity.
Wrong. Musk has repeatedly said he is against subsidies and tax breaks but if they exist he will take them. They are a market distortion like unions and rent controls.
What I said. Against them except when he isn't.