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   Technology StocksTesla EVs - TSLA


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From: Eric11/18/2020 2:30:07 PM
2 Recommendations   of 16896
 
Buy Tesla Stock Because It's a Tech Play Beyond Just Cars -- Barrons.com

10:52 AM ET 11/18/20

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By Al Root

Tesla stock caught a ratings upgrade just days after the announcement that it will join the S&P 500 index in late December. The upgrade also comes after the stock is up 530% over the past year. It's a bold call, but Morgan Stanley analyst Adam Jonas believes Tesla is morphing into much more than an auto maker.

Jonas took his Tesla (ticker: TSLA) rating to the equivalent of Buy from Hold, and his price target to $540 from $360. What's more, his best-case scenario for shares is $1,068 a share, up more than 100% from recent levels.

"Tesla is on the verge of a profound [business] model shift," wrote Jonas in a Wednesday research report. "For the first time, we are adding software [and] connected vehicle services revenue to our earnings forecast and base-case valuation."

Tesla's network services business, for Jonas, includes things such as full self-driving software -- which is sold separately -- along with infotainment packages and vehicle-performance upgrades. Eventually, as Tesla's installed base of vehicles grow, Jonas sees it contributing up to 20% of Ebitda, short for earnings before interest, taxes, depreciation, and amortization. He values the business, in his base case, at roughly $160 a share, accounting for the majority of his Wednesday target price bump.

It's quite a reversal for Jonas. He rated Tesla stock at Sell with a $120 price target back in June.

Now he writes, "To only value Tesla on car sales alone ignores the multiple businesses embedded within the company." Tesla also sells insurance, plans to start a ride-sharing business and has a solar and stationary battery power storage businesses as well. Tesla plans to manufacture EV batteries too.

It's a new paradigm for valuing auto makers. Traditional investors in General Motors (GM) or Ford Motor (F) are used to valuing the auto-finance business, but struggle to value other businesses. GM, for instance, has an autonomous-driving division called Cruise. It also is negotiating an agreement with Nikola (NKLA) to supply battery and fuel-cell parts. Still, GM is valued at less than 8 times estimated 2021 earnings.

Tesla stock trades at roughly 117 times estimated 2021 earnings. Tesla, of course, is growing earnings rapidly.

In his best-case scenario, Jonas values Tesla stock at 15 times estimated 2023 sales. That works out to a value of about $462 a share for the car business, and $318 a share for the connected-services business. Software is worth about 70% of car manufacturing, according to Jonas.

The rest of the value comes from insurance, battery supply, ride sharing, and stationary power, as well as all the other business embedded inside of the company.

Tesla stock is up 2.7% in Wednesday trading. The S&P 500 and Dow Jones Industrial Average, for comparison, are up 0.2% and 0.5%, respectively.

Tesla stock is trying to break out of a recent range predominating since early September. S&P 500 indexation along with analyst upgrade might help the stock retest recent highs of about $500.

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To: Ms. Baby Boomer who wrote (15904)11/18/2020 9:48:01 PM
From: Ms. Baby Boomer
   of 16896
 
Tesla (TSLA) Double Top Failure Pump and Dump....

barchart.com

M

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From: Sr K11/19/2020 10:17:23 AM
2 Recommendations   of 16896
 
ATH $507.00 ($2535.00 pre-split)

Later, $507.76

Could be from this article

electrek.co

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To: Sr K who wrote (15910)11/19/2020 11:13:48 AM
From: kidl
   of 16896
 
As much as I admire Buffett, these days a Berkshire buy isn’t much of an endorsement.

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From: Sr K11/20/2020 1:06:29 AM
2 Recommendations   of 16896
 
5:15 PM

Tesla Model S passes test as police car for Fremont, saves $4,000 in fuel cost

The Fremont Police department has released a report on its use of a Tesla Model S as a police patrol vehicle, and they said the electric car passed the test.

The electric car has saved them $4,000 in fuel cost in a year.

In 2018, Fremont’s police department bought a used 2014 Tesla Model S 85 for $61,478.50 (including taxes and fees) to replace a 2007 Dodge Charger that was being retired in their fleet.

Their goal was to turn it into a police patrol car to see if the electric car fits the needs of a patrol vehicle and cut gas costs.

It went through their regular police patrol testing and was put on the road last year.

After being on the road for more than a year now, the Fremont police department has released a full report on their experience with the Model S, which they deemed successful.

Here are some of the key findings from the report:

Proved sustainable with zero-emissions, eliminating 42,198 lbs. of CO2 from Fremont air annually
Annual costs of energy/fuel and maintenance/repair was reduced by $2,147 vs. a gas Ford police pursuit vehicle (PPV)
Reduced the annual cost of fuel that would have been required for a traditional gas-powered police vehicle by $4,097
Remained in service 27 more days than a conventional PPV, resulting in a significant reduction in repairs, maintenance, and downtime
The 265-mile range of the Tesla easily accommodated the 40-70 mile range that patrol vehicles drive on average per day

Here’s a comparison between the Tesla Model S and a Ford gas-powered police patrol vehicle:

See link for details.

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To: Sr K who wrote (15912)11/20/2020 7:18:30 AM
From: Savant
   of 16896
 
*Faster in a sprint, too.

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From: Savant11/20/2020 11:34:42 AM
   of 16896
 
Cali curfew...wonder if this will impact Tesla
sfgate.com

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To: Savant who wrote (15914)11/20/2020 11:53:39 AM
From: kidl
   of 16896
 
If needed, Musk will once again argue that Covid is BS as well as insisting that Tesla is an essential business. I suspect that local authorities will support him. Money talks ...

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From: Julius Wong11/22/2020 9:36:48 AM
1 Recommendation   of 16896
 
ELON MUSK'S TOTALLY AWFUL, BATSHIT CRAZY, MOST EXCELLENT YEAR


In 2020, the COVID-doubting, media-hating Twitterholic CEO became the third-richest man alive, SpaceX launched two astronauts into orbit, and Tesla became the most valuable car company on the planet. NICK BILTON gets inside the mind of Silicon Valley's most vainglorious villain

more at
archive.vanityfair.com

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From: kidl11/23/2020 8:53:05 AM
   of 16896
 
Tesla gains after Wedbush points to major inflection of global EV demand

Nov. 23, 2020 6:57 AM ET Tesla, Inc. (TSLA) By: Clark Schultz, SA News Editor 32 Comments
  • Wedbush Securities is increasingly confident strong global electric demand will benefit Tesla (NASDAQ: TSLA).
  • "With the sustained path to profitability and S&P 500 index inclusion achieved, the Tesla bull story is now all about a stepped up EV demand trajectory into 2021. Overall we are seeing a major inflection of EV demand globally with our expectations that EV vehicles ramp from ~3% of total auto sales today to 10% by 2025," writes analyst Dan Ives.
  • Ives and team think the demand dynamic will disproportionately benefit Tesla over the next few years, especially in the key China region, which they forecast could represent ~40% of its EV deliveries by 2022 given the current brisk pace of sales with +150K deliveries in its first year out of the gates with Giga 3.
  • China and Europe EV demand are expected to remain EV hot spots for Tesla into 2021.
  • The Wedbush bull case price target on Tesla goes to $1,000, and the base case price target is hiked to $560. The average Wall Street PT on Tesla is $385.13.
  • Shares of Tesla are up 2% premarket.

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