Curfew for a Corporate Teenager? Tesla in June 2019 скачать в хорошем качестве

Curfew for a Corporate Teenager? Tesla in June 2019

There are few companies in the world that manage to get in the news as much as Tesla does and draw such divergent reactions from investors. Tesla bulls are convinced that the company is miles ahead of its competition in the electric car business and that it is designed to dominate the auto business. Tesla bears are convinced that the company is a mess, one shock away from going under. In my June 2019 valuation, I navigate between the two sides, foreseeing a pathway for the company to get to $100 billion in revenues in 2028 and solid operating margins, but also building in a substantial chance of failure, primarily because of its debt load. I estimate a value per share of $190, marking the first time in my many attempts at valuing Tesla that I have found the company undervalued, albeit only by a little. While I have a limit buy order at $180/share, I also view the company as a corporate teenager, with the teenage capacity to risk immense potential for meaningless distractions (leaf blowers, insurance, flame throwers...). Slides: http://www.stern.nyu.edu/~adamodar/pd... Blog Post: https://bit.ly/2wB68Wk Valuation of Tesla in June 2019: http://www.stern.nyu.edu/~adamodar/pc...