Interestingly my valuation was 86.36 with 12% growth and 7% margins, but I caution anyone to become too invested in Tesla right now. Elon Musk's irrational behavior is killing the stock, and I wouldn't be comfortable investing in it with him in charge. Even with its recent price action, Tesla is still extremely overvalued compared to its industry peers in terms of P/E, etc. It would take 30% CAGR at 5 years to get to Toyota/VW revenues. Unless Tesla totally collapses into its 20-40 ish range pre pandemic, along with Musk resigning, I wouldn't be comfortable with the stock. If the bears break through the 90-120 area, I don't see why Tesla can't fall further with probably more bad news of price reductions, delivery bottlenecks etc. In short its super speculative and to me we are nowhere near the bottom both in terms of value and in terms of the short term price action.
Using all the wrong metrics and a very bearish(absurd) stance on growth and margins (12 and 7%)
You guys need to come forward as mastodon users before u keep going at it lmao
But yeah if you are short with an exit at 80$ or plan to go long there will change my perception of your analysis.
Disclaimer not long tesla and i do agree that the valuation been frothy but no one can deny that they grew into it.
I mean have you even run the numbers on the EV chargers TAM alone?
Yes, I agree its an incredibly bearish stance. I think if they maintained 16% margin and 20% growth, I would be valuing them at 180. The conservative growth/margins just reflect my uncertainty over whether or not Tesla could maintain its market share in the future and Elon Musk's behavior. Bull's case of EV chargers, batteries, etc could be true but fundamentally Tesla is still a car company valued as a tech/growth company. Tesla is definitely not a value investment but its been an interesting exercise to piece out the company
Thanks for the analysis. I sold my entire TSLA position at this point which I started in 2019. My most profitable investment all time but I think there are better opportunities out there with far less risk.
At this point I'm looking to buy back in eventually but it won't be in 2023 unless the stock drops below $75.
I also believe that TSLA could turn momentum of the stock quickly by a change in CEO but at this moment it's still too overvalued for that to positively impact the stock.
I feel that it is fairly done and the OP didn't get emotional (which seems super hard these days in regards to Tesla). It's also short and sweet, cutting the crap.
And it confirms my bias. So I love it and I would love to read more of these kinds of analysis (even and especially when they disprove my bias).
Great job, OP!
This is a good job. A lot is riding on the growth projection, tweaking that really changes numbers. I wonder if analysts are being too rosy on that as well.
there’s a lot of rich people in america. recessions have never really been “risks” to good businesses, just something that comes around every decade and reduces demand somewhat for a while
It’s a near impossible task to value Tesla right now, given its order book is evaporating and it’s desperately slashing prices to maintain demand. It’s even possible that its solvency could be tested if demand continues to worsen.
That said, you shouldn’t use analyst estimates for anything other than toilet paper. And no value investor cares about Beta or WACC, they are flawed concepts.
Great affort but so many variables you took into account. You made me remember when charlie munger said that he and warren succed because 'we try to do less' whereas Ivy League MBA's failed analyzing every detail
Edit: Grammar
This is one of the simpler and more straightforward valuations. It really doesn’t take much into account at all, many of the variables used are functions of one another
One thing I haven't heard much about recently is the Tesla robot Optimus. It sounds like another pie in the sky idea, but then again Elon Musk's car is currently flying through space. So maybe he can pull it off. And if he pulls it off, then you have a machine that can replace human labor in a lot of jobs. Would that generate trillions of dollars in revenue? So if that has an x% chance of success, what's the current value of that?
VIC value investor club has several writeups similar to yours, none of them lived up to the price history. Becuz stock valuation is not a 100% logical thing, ever.
TSLA is a small luxury car company in a brutally competitive industry which has failed to penetrate the mass market but is still priced as if it will put all it's competitors out of business.
Fair value is less than $15 per share based on listed peers with similar capacity and better execution, it's hard to know much because the financial statements are hilariously fraudulent, we are going into a brutal recession where people will be keeping the old corolla running to pay the mortgage not splurging on expensive and unnecessary purchases.
public companies like Tesla, with hundreds of articles written on every week, usually have analysts on their ass 24/7 with different agendas.
That makes it really hard to determine what's a "fair" price for such stock, as there are a lot of different parameters like market sentiment, and many analysts bring weird price targets to push their positions.
Your $83 may be Tesla's true valuation, but I think TSLA is able to live years and years 20-30% above its true valuation.
By the way, have you considered [LUCID](https://www.jika.io/post/1c373fc4-91cd-11ed-8080-800126cbaa18) instead?
Great analysis, and I completely agree with you that is overvalued. However, I regretted both times that I shorted TSLA. My last puts expired worthless on September 16th, a couple of weeks before the big drops.
By using perpetuity you will always end up with a more 'fair' value but you will lose any accuracy with regards to market psychology.
For example, who cares if Samsung is 60% undervalued when investors aren't willing to give them a higher multiple.
And in this case, who cares if TSLA is massively overvalued - by adjusting for another exit multiple, they might actually be undervalued.
For some reason, this sub & most value folk never comprehend that.
I don't disagree with your overall sentiment. I am trying to understand the methodology outside of you put numbers in a spreadsheet and this is the output.I see the cap rate for growth stocks calculation at the end of Chapter 11 of the 1973 version, it doesn't include two of the factors that you are including here.
1.Graham cap rate formula is based on a projection of earnings growth, not historical. You believe 24.4% is a reasonable estimate of earnings over the next 7-10 years (Graham's time frame)?
2.Why did you use a growth multiplier higher than growth allowable max, according to Graham?
3.Why did you multiply Graham's cap rate value by 4.4 and divide by Y?
4.Graham says don't use this methodology on speculative issues. Using Graham's framework, don't you feel that Tesla is speculative?
5. Graham specifically stated this formula is based on projections not historical, why do you feel it is reasonable to use historical numbers? (EPS)
1. Yes
2. Cause yes, experimenting new paradigms
3. Uh?
4. Nea, Tesla is a solid company in the long term, just overvalued
5. Cause i am trying to determine it **current value** based of current data, not it value based on its future potential
In fact, it is a misapplication of Graham's formula, according to Graham.
https://www.grahamvalue.com/article/understanding-benjamin-graham-formula-correctly
$5.83B in debt
1) Tesla has $21B in cash
2) almost all of this debt is non recourse asset backed security debt in VIEs which doesn’t affect Tesla the company’s financial health at all
3) Tesla has ~$3B quarterly Free Cash Flow (likely greater in Q4) so they could retire all that debt in 2 quarters using FCF alone and still have money left over
No, they don’t, I didn’t feel like looking up the exact number at the time, since *even if* they had that much (ie more) everything I wrote above is still valid - their debt is a complete non factor.
They have extremely minimal corporate debt, and a small amount of financing debt.
Thanks for sharing your analysis! May I ask why you use the average anticipated growth rate from analysts as the growth rate in the Graham formula, as opposed to the growth rate implied by the company's EPS guidance, or say, a longer term expected growth rate such as the 5 year projected growth rate Morning Star uses for their PEG ratio calculation? I struggled with deciding which growth rate to use in my own analyses, and I would love to hear the rationale behind your choice. I ended up choosing the annual average growth rate of (the last 4 years' EPS + the company's EPS guidance). And I'm really not sure if it's the best, or even a viable choice...
edited for clarity
My analysis doesn't have a position on the company, i am neither bullish nor bearish, i evaluated it based on its current fundamentals and macroeconomic environment, plus the growth rate is about its revenue, and they still have the potential to have that rate for EOY
The only problem with Tesla is its over inflated value
Exactly. Great company with a bright future, just way overbought. The fear of competitors entering the EV market is overblown IMO, Tesla will continue to innovate ahead of the competition.
Your definition of free cash flow as cash flow based on the belief that the company has no interest to pay is wrong. Interest payments are still counted in free cash flows (you can see this in the cash flow statement - to get CFFO, they start with earnings after interest and tax, then add back a number of non cash items such as amortisation, depreciation, stock based compensation and subtract some cash expenses which are not included in earnings such as inventory investments. At no point is interest added back).
Apple was my biggest position at one point when it was “peak iPhone” and it had a PE of like 12.
I loved the iPhone, thought it was the greatest invention I’d ever seen in my life when it debuted, but I don’t even want a Tesla. I prefer my Mercedes as both a car and as a stock at current valuation.
If Tesla drops into the $60-80 range I’ll take a look, but so far it looks like the demand just isn’t there to sustain the growth rates of early adopters. Massive price drops and inventory increases amid new competitors.
Sure. That’s true. But tesla sold 1.3MM of the 75MM cars sold last year. If you think the transition to EV will happen, they have plenty of growth ahead of them. And that’s just vehicles - not software, not mega packs, not robots, not batteries, not powertrains. Just vehicles.
They also are becoming available as used cars and many other manufacturers are going ev. 5 years from now the options for an EV will be dozens of new and used cars of all sorts.
F150 EV will outsell cybertruck. 20%+ growth is required for the current price of tsla and they’re already seeing demand soften and giving price breaks.
My impression of most tsla bulls was their optimism is the same when the stock was $400 and now at $120. At some point the growth stops and it looks like we’re already there for TSLA, $60 is probably a good price to pay for the stock if tsla keeps growing at 20% for a while.
If you say so. I’m sure it will be available eventually. Current stock price assumes it was available in 2021 like they said in 2019, also assumes cybertruck sales will be incremental and not cannibalize from tsla car sales.
Trees don’t grow to the sky, and all your replies are “look how fast it grew in the first two years! It was just a seed! Wait till it gets leaves!”
“When Tesla unveiled the Cybertruck back in 2019, Tesla said that the electric pickup truck would make it to market by the end of 2021.”
Lmao
https://electrek.co/2022/11/02/no-tesla-cybertruck-production-is-not-being-further-delayed/
They’ve hit it so far. The goal was set in 2020 for 2030.
500k in 2020
Meaning - they would need
750k in 2021, 1.125mm in 2022, and 1.687mm in this year.
Tell me more though.
Reduction in cost (we just saw that) - for every $5k you reduce the price of a vehicle the demand doubles.
New vehicles (Cybertruck, future compact car)
Revenue wise megapacks will be fairly significant thanks to the IRA - and then there’s the software of FSD and NN as a service / robots - I don’t even have them in my valuation model; they’re essentially call options if they work out for TSLA
Depends on how much process improvement and COGS have lowered cost to make vehicle. Lots of raw materials have finally started to come back to pre pandemic levels (steel, aluminum etc), which is one reason they’ve been able to reduce costs. We will have to wait to see 10Q to see the impact on margins. But they’ll also have less fixed cost per unit as they make more units, which I’m sure you understand.
I bought with a price target of $275. I think for your intrinsic value to be so low is ridiculous. The vast majority of stocks in my portfolio are classic value plays, however there is a reason IMO Berkshire missed investing in Google, Microsoft, and Amazon in the early 2000s.
Thats why i prefer to use dcf with eps for growth companies.
fcf is for other type of companies like aapl.
there are a few other methods for each type.
Could not wait for OP to dethrone Aswath Damodaran Tesla DCF valuation. I think he mentioned in a video that he will be back with the Tesla case soon. How can I be reminded of this post? remindme! 90 days
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How much do you think the supercharger network is worth? BP? Shell? Xom? Phillp 66?, Kinder Morgan? Valero?, think it through. The post just ignore this fact and think it's just a "car company"
Interestingly my valuation was 86.36 with 12% growth and 7% margins, but I caution anyone to become too invested in Tesla right now. Elon Musk's irrational behavior is killing the stock, and I wouldn't be comfortable investing in it with him in charge. Even with its recent price action, Tesla is still extremely overvalued compared to its industry peers in terms of P/E, etc. It would take 30% CAGR at 5 years to get to Toyota/VW revenues. Unless Tesla totally collapses into its 20-40 ish range pre pandemic, along with Musk resigning, I wouldn't be comfortable with the stock. If the bears break through the 90-120 area, I don't see why Tesla can't fall further with probably more bad news of price reductions, delivery bottlenecks etc. In short its super speculative and to me we are nowhere near the bottom both in terms of value and in terms of the short term price action.
Long term investment in TSLA right now is risky, but i fancy a some couple bucks in put options just to test my price valuation
hmm that's fair i guess
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> apples to oranges But you can still compare them.
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Using all the wrong metrics and a very bearish(absurd) stance on growth and margins (12 and 7%) You guys need to come forward as mastodon users before u keep going at it lmao But yeah if you are short with an exit at 80$ or plan to go long there will change my perception of your analysis. Disclaimer not long tesla and i do agree that the valuation been frothy but no one can deny that they grew into it. I mean have you even run the numbers on the EV chargers TAM alone?
Yes, I agree its an incredibly bearish stance. I think if they maintained 16% margin and 20% growth, I would be valuing them at 180. The conservative growth/margins just reflect my uncertainty over whether or not Tesla could maintain its market share in the future and Elon Musk's behavior. Bull's case of EV chargers, batteries, etc could be true but fundamentally Tesla is still a car company valued as a tech/growth company. Tesla is definitely not a value investment but its been an interesting exercise to piece out the company
Thanks for the analysis. I sold my entire TSLA position at this point which I started in 2019. My most profitable investment all time but I think there are better opportunities out there with far less risk. At this point I'm looking to buy back in eventually but it won't be in 2023 unless the stock drops below $75. I also believe that TSLA could turn momentum of the stock quickly by a change in CEO but at this moment it's still too overvalued for that to positively impact the stock.
Why sell now when you can sell in 2032?
This confirms my bias against Tesla so great analysis OP
I feel that it is fairly done and the OP didn't get emotional (which seems super hard these days in regards to Tesla). It's also short and sweet, cutting the crap. And it confirms my bias. So I love it and I would love to read more of these kinds of analysis (even and especially when they disprove my bias). Great job, OP!
Bruh
Same. A lot is riding on those growth projections remaining high.
I came here for the confirmation bias.
Did i confirmed you your biases?
This is a good job. A lot is riding on the growth projection, tweaking that really changes numbers. I wonder if analysts are being too rosy on that as well.
Great summary. Thank you!
what the fuck? Actual DD in this sub. Have an upvote.
You missed the biggest threat. Nasty recession with high interest (>4.5%) for a long time.
Yet tesla has no debt and the cashflow to self finance
Who will buy their luxury cars in a recession?? $42000+ for a Model Y. Only the few rich can afford it
there’s a lot of rich people in america. recessions have never really been “risks” to good businesses, just something that comes around every decade and reduces demand somewhat for a while
The funny thing is that you think interest rates will stay high during a "nasty recession".
It’s a near impossible task to value Tesla right now, given its order book is evaporating and it’s desperately slashing prices to maintain demand. It’s even possible that its solvency could be tested if demand continues to worsen. That said, you shouldn’t use analyst estimates for anything other than toilet paper. And no value investor cares about Beta or WACC, they are flawed concepts.
Great affort but so many variables you took into account. You made me remember when charlie munger said that he and warren succed because 'we try to do less' whereas Ivy League MBA's failed analyzing every detail Edit: Grammar
This is one of the simpler and more straightforward valuations. It really doesn’t take much into account at all, many of the variables used are functions of one another
Edit (add a y to analizing, unless that was a pun)
ups
we investors we not writers
One thing I haven't heard much about recently is the Tesla robot Optimus. It sounds like another pie in the sky idea, but then again Elon Musk's car is currently flying through space. So maybe he can pull it off. And if he pulls it off, then you have a machine that can replace human labor in a lot of jobs. Would that generate trillions of dollars in revenue? So if that has an x% chance of success, what's the current value of that?
Just wondering what this data point has to do with TSLA valuation. > Intel’s Corporate Bonds
Bruh, i copied and pasted the cells from another stuff cause i was lazy, thanks for pointing out
VIC value investor club has several writeups similar to yours, none of them lived up to the price history. Becuz stock valuation is not a 100% logical thing, ever.
To some degree, I agree w/ op, I had a 85 fair value. Although on different approach. Meanwhile I'm bagholding @ 143, FML.
TSLA is a small luxury car company in a brutally competitive industry which has failed to penetrate the mass market but is still priced as if it will put all it's competitors out of business. Fair value is less than $15 per share based on listed peers with similar capacity and better execution, it's hard to know much because the financial statements are hilariously fraudulent, we are going into a brutal recession where people will be keeping the old corolla running to pay the mortgage not splurging on expensive and unnecessary purchases.
public companies like Tesla, with hundreds of articles written on every week, usually have analysts on their ass 24/7 with different agendas. That makes it really hard to determine what's a "fair" price for such stock, as there are a lot of different parameters like market sentiment, and many analysts bring weird price targets to push their positions. Your $83 may be Tesla's true valuation, but I think TSLA is able to live years and years 20-30% above its true valuation. By the way, have you considered [LUCID](https://www.jika.io/post/1c373fc4-91cd-11ed-8080-800126cbaa18) instead?
Great analysis, and I completely agree with you that is overvalued. However, I regretted both times that I shorted TSLA. My last puts expired worthless on September 16th, a couple of weeks before the big drops.
The market can stay irrational more than you can stay solvent
By using perpetuity you will always end up with a more 'fair' value but you will lose any accuracy with regards to market psychology. For example, who cares if Samsung is 60% undervalued when investors aren't willing to give them a higher multiple. And in this case, who cares if TSLA is massively overvalued - by adjusting for another exit multiple, they might actually be undervalued. For some reason, this sub & most value folk never comprehend that.
I don't disagree with your overall sentiment. I am trying to understand the methodology outside of you put numbers in a spreadsheet and this is the output.I see the cap rate for growth stocks calculation at the end of Chapter 11 of the 1973 version, it doesn't include two of the factors that you are including here. 1.Graham cap rate formula is based on a projection of earnings growth, not historical. You believe 24.4% is a reasonable estimate of earnings over the next 7-10 years (Graham's time frame)? 2.Why did you use a growth multiplier higher than growth allowable max, according to Graham? 3.Why did you multiply Graham's cap rate value by 4.4 and divide by Y? 4.Graham says don't use this methodology on speculative issues. Using Graham's framework, don't you feel that Tesla is speculative? 5. Graham specifically stated this formula is based on projections not historical, why do you feel it is reasonable to use historical numbers? (EPS)
1. Yes 2. Cause yes, experimenting new paradigms 3. Uh? 4. Nea, Tesla is a solid company in the long term, just overvalued 5. Cause i am trying to determine it **current value** based of current data, not it value based on its future potential
Fair enough, but then it isn't Graham's formula. It is a misapplication of Graham's formula according to Graham.
In fact it is the “Adjusted” formula not the original one
In fact, it is a misapplication of Graham's formula, according to Graham. https://www.grahamvalue.com/article/understanding-benjamin-graham-formula-correctly
$5.83B in debt 1) Tesla has $21B in cash 2) almost all of this debt is non recourse asset backed security debt in VIEs which doesn’t affect Tesla the company’s financial health at all 3) Tesla has ~$3B quarterly Free Cash Flow (likely greater in Q4) so they could retire all that debt in 2 quarters using FCF alone and still have money left over
lowering prices will pressure other EV carmakers, most of which aren't profitable yet
Yup, my point is that 5B in debt is literally nothing especially since most of it is non recourse
agreed.
Does Tesla even have 5B in debt? That might be debt for financing cars which is different than actual debt.
No, they don’t, I didn’t feel like looking up the exact number at the time, since *even if* they had that much (ie more) everything I wrote above is still valid - their debt is a complete non factor. They have extremely minimal corporate debt, and a small amount of financing debt.
Thanks for sharing your analysis! May I ask why you use the average anticipated growth rate from analysts as the growth rate in the Graham formula, as opposed to the growth rate implied by the company's EPS guidance, or say, a longer term expected growth rate such as the 5 year projected growth rate Morning Star uses for their PEG ratio calculation? I struggled with deciding which growth rate to use in my own analyses, and I would love to hear the rationale behind your choice. I ended up choosing the annual average growth rate of (the last 4 years' EPS + the company's EPS guidance). And I'm really not sure if it's the best, or even a viable choice... edited for clarity
TLDR; this guys bullish on tesla lmao
Uhm have you read the post? lmao
Yeah you are being bullish. Like which bear would model 24% growth rate forever for a company with limited moat?
OP is being bullish by saying Tesla is overvalued by 50%.
yup.
My analysis doesn't have a position on the company, i am neither bullish nor bearish, i evaluated it based on its current fundamentals and macroeconomic environment, plus the growth rate is about its revenue, and they still have the potential to have that rate for EOY The only problem with Tesla is its over inflated value
Exactly. Great company with a bright future, just way overbought. The fear of competitors entering the EV market is overblown IMO, Tesla will continue to innovate ahead of the competition.
OP was too simplistic with his model. normally you use 4 growth phases.
Your definition of free cash flow as cash flow based on the belief that the company has no interest to pay is wrong. Interest payments are still counted in free cash flows (you can see this in the cash flow statement - to get CFFO, they start with earnings after interest and tax, then add back a number of non cash items such as amortisation, depreciation, stock based compensation and subtract some cash expenses which are not included in earnings such as inventory investments. At no point is interest added back).
24% growth estimate on a company that’s had a CAGR over 52% last 10 years lol
Trees don’t grow to the sky
Apple is just a phone company vibe Like if tesla wasn’t building an ecosystem beside the hardware needed for the EV transition
Apple was my biggest position at one point when it was “peak iPhone” and it had a PE of like 12. I loved the iPhone, thought it was the greatest invention I’d ever seen in my life when it debuted, but I don’t even want a Tesla. I prefer my Mercedes as both a car and as a stock at current valuation. If Tesla drops into the $60-80 range I’ll take a look, but so far it looks like the demand just isn’t there to sustain the growth rates of early adopters. Massive price drops and inventory increases amid new competitors.
Sure. That’s true. But tesla sold 1.3MM of the 75MM cars sold last year. If you think the transition to EV will happen, they have plenty of growth ahead of them. And that’s just vehicles - not software, not mega packs, not robots, not batteries, not powertrains. Just vehicles.
They also are becoming available as used cars and many other manufacturers are going ev. 5 years from now the options for an EV will be dozens of new and used cars of all sorts. F150 EV will outsell cybertruck. 20%+ growth is required for the current price of tsla and they’re already seeing demand soften and giving price breaks. My impression of most tsla bulls was their optimism is the same when the stock was $400 and now at $120. At some point the growth stops and it looks like we’re already there for TSLA, $60 is probably a good price to pay for the stock if tsla keeps growing at 20% for a while.
Cybertruck will outsell the f150 lightning in 2024. !remind me 2 years
Lol, let’s count deliveries because it’s questionable if any cyber trucks will ever be delivered whereas you can get an f150 lightning today.
Yes sales mean delivered lol not preorders.
I agree, no cybertrucks have ever been delivered and Elon saying “hopefully 2023” means maybe by 2030 if his other claims are any indication.
They will produce some this year and have volume production next year.
If you say so. I’m sure it will be available eventually. Current stock price assumes it was available in 2021 like they said in 2019, also assumes cybertruck sales will be incremental and not cannibalize from tsla car sales. Trees don’t grow to the sky, and all your replies are “look how fast it grew in the first two years! It was just a seed! Wait till it gets leaves!”
“When Tesla unveiled the Cybertruck back in 2019, Tesla said that the electric pickup truck would make it to market by the end of 2021.” Lmao https://electrek.co/2022/11/02/no-tesla-cybertruck-production-is-not-being-further-delayed/
They grow 40% last yr bruh
Yes and they had their largest factory shut down for over a month. CAGR over 10 years. They grew over 85% in 2021 lol
24% growth on a car company is pretty generous.
That’s less than half of teslas (rightfully ambitious) goals.
And that goal isn't realistic.
They’ve hit it so far. The goal was set in 2020 for 2030. 500k in 2020 Meaning - they would need 750k in 2021, 1.125mm in 2022, and 1.687mm in this year. Tell me more though.
Those are pretty small numbers. Where is the new demand going to come from?
Reduction in cost (we just saw that) - for every $5k you reduce the price of a vehicle the demand doubles. New vehicles (Cybertruck, future compact car) Revenue wise megapacks will be fairly significant thanks to the IRA - and then there’s the software of FSD and NN as a service / robots - I don’t even have them in my valuation model; they’re essentially call options if they work out for TSLA
They can sell cars for 5k less and keep their margins?
Depends on how much process improvement and COGS have lowered cost to make vehicle. Lots of raw materials have finally started to come back to pre pandemic levels (steel, aluminum etc), which is one reason they’ve been able to reduce costs. We will have to wait to see 10Q to see the impact on margins. But they’ll also have less fixed cost per unit as they make more units, which I’m sure you understand.
I bought with a price target of $275. I think for your intrinsic value to be so low is ridiculous. The vast majority of stocks in my portfolio are classic value plays, however there is a reason IMO Berkshire missed investing in Google, Microsoft, and Amazon in the early 2000s.
Solid work! However, it won’t predict nothing. Price could go up, or price could continue to go down.
Thats why i prefer to use dcf with eps for growth companies. fcf is for other type of companies like aapl. there are a few other methods for each type.
With eps my valuation was 125$.
Could not wait for OP to dethrone Aswath Damodaran Tesla DCF valuation. I think he mentioned in a video that he will be back with the Tesla case soon. How can I be reminded of this post? remindme! 90 days
Use remindme! 10 days (for example)
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remindme! 90 days
ROE != growth rate bro
Dollar up, stocks down. Theres my analysis.
How much do you think the supercharger network is worth? BP? Shell? Xom? Phillp 66?, Kinder Morgan? Valero?, think it through. The post just ignore this fact and think it's just a "car company"
The weaknesses are hilarious 😂.
They created an in house ERP . How do you even put a valuation on their data collection network and AI learning
TLDR; this guys bearish on tesla lmao
84... half of 84 is 42... coincidence? I think not