$TSLA we raised our 2023E yr-end price objective to $73/shr, and are incrementally less bearish (i.e., we see -89.9% downside by yr-end 2023E vs. -92.4% downside before) ahead of Q2 results 🚗⚡️ @GordonJohnson19
GLJ Research, LLC
461 posts
GLJ Research, LLC
@GLJ_Research
Deep Value, Unique Ideas
- We've been asked, by many recently, how we arrive at our yr-end 2023E PT of $23.44 (or -82.5% downside from today's closing price). So... here it is, as we've previously published. @GordonJohnson19 @GLJ_Research $TSLA
- #TSLA #TSLAQ @SquawkCNBC @chamath Can someone point us to the data center where TSLA stores its millions of miles in real-world "data"?
- "This is kind of crazy. $NIO is trading at a market cap of ~$98B, above VW. $NIO has sold 47,000 cars this year. VW is estimated to sell ~10M cars," says @GLJ_Research's Gordon Johnson. "You're talking about margins that are grossly negative ... we think people are being misled."
00:00 - @SquawkCNBC @chamath $TSLA #TSLA When adjusting TSLA's free cash flow for the methodology used by Amazon (whom TSLA is often compared), it burned -$1.0bn in 2019 (vs. it reporting a +$1.1bn gain) and burned -$1.2bn in the first two quarters of 2020 (i.e., 2x worse than '19).
- $TSLA For the month of November 2019, year-over-year growth for Tesla's Model 3, Model S, Model X, and total cars sold came in at -44%, -64%, -47%, and -46%, respectively. At risk of stating the obvious, sales of Tesla cars in its core market of the US are currently in...
- @SquawkCNBC @chamath $TSLA #TSLA Is this what hypergrowth/10yr lead/strong demand looks like - (a) US sales peak in 4Q18 (despite 4 price cuts in '20), (b) EU market share & growth imploding (despite several price cuts), & (c) China sales stagnating despite 7 price cuts this yr?
