Tesla long term valuation discussion with Andrea James

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Tesla long term valuation discussion with Andrea James

Bloomberg Markets: Model X and Tesla long term valuation discussion with Andrea James

Published on Mar 8, 2016

Aired live March 8, 2016.
Two points of fact need to be clarified. Tesla sold 10 Model S units in Q2’12, the first quarter of production. Also, in 2015 in the U.S., Tesla Model S outsold the Audi A7, Audi A8, BMW 6-Series, BMW 7-Series, Jaguar XJ, Lexus LS, Mercedes-Benz CLS Class, Mercedes S-Class, and the Porsche Panamera.

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Tesla long term valuation transcript

3:09 UP, TESLA SHARES SAW
3:11JUMPED AFTER A VERY POSITIVE
3:12REVIEW ABOUT THE LATEST MODEL S.
3:20 SHOWS THE WILL
3:21WINNERS AND LOSERS COMING UP.
3:25 BLYTHE MASTERS WILL BE HER
3:26WITH HER TAKE.
5:52ALIX: WELCOME BACK TO BLOOMBERG
5:53MARKETS.
5:53SCALET: IT’S TIME FOR THE
5:57BUSINESS FLASH.
5:57ALIX: OWNERS OF SMALL BUSINESSES
6:01ARE LESS CONFIDENT IN THE
6:02ECONOMY.
6:06SMALL BUSINESS OPTIMISM FELL
6:07LAST MONTH TO ITS LOWEST IN TWO
6:09YEARS.
6:10SIX OF THE 10 INDICES DECLINED.
6:11SCALET: SHAREHOLDERS ARE
6:16BATTLING TO CHANGE THE AIRLINE.
6:19THEY ARE NOMINATING SIX
6:20CANDIDATES FOR THE BOARD.
6:24THEY OWN 7% OF THE STOCK.
6:26THEY ARE FRUSTRATED WITH THE
6:27AIRLINES PERFORMANCE.
6:29ALIX: THE STATE IS SELLING BONDS
6:34TO GENERAL OBLIGATIONS.
6:38IT’S THE FIRST OFFERING IN
6:39SECURITIES SINCE OCTOBER.
6:42THEY ARE REAPING GAINS FROM TAX
6:45INCREASES SUPPORTED BY THE
6:46GOVERNOR.
6:50SCALET: THAT IS YOUR BUSINESS
6:53UPDATE.
6:57 THE TESLA STOCK AT A 4%

Tesla long term valuation
6:59BOOST AFTER A SEATTLE ANALYST
7:01TEST RODE THE MODEL S LAST
7:02NIGHT.
7:06 JAMES RATES A
7:06BUY.
7:12SHE JOINS US NOW FROM SEATTLE.
7:15IT SOUNDS LIKE THERE IS A LOT OF
7:16HYPE SURROUNDING THE MODEL ACTS.
7:19IT LIVES UP TO THE HYPE.
7:22ANDREA: I LOVED IT.
7:23I CAME AT IT FROM THE POINT OF
7:27VIEW OF A MOM.
7:31 NOT AS ANING A
7:32ANALYST, BUT AS A CUSTOMER.
7:34I DECIDED TO TEST DRIVE IT.
7:35IT WILL BE THE BASIC CAR ON THE
7:37MARKET.
7:40IT’S A VERY USEFUL CAR.
7:43I ACTUALLY REALLY LIKED IT.
7:43ALIX: YOU DON’T COVER THE OTHER
7:48AUTOMAKERS.
7:50HOW DO YOU MODEL YOUR
7:51VALUATIONS?
7:55ANDREA: MY EVALUATION IS BASED
7:57ON IT BEING THE FASTEST GROWING
7:59COMPANY IN THE WORLD AND CREATED
8:01A LOT OF VALUE VERY QUICKLY.
8:02WE HAVE A HIGH MULTIPLE.
8:05I THINK WE HAVE $20 WORTH OF
8:07EARNINGS POWER IN THE YEAR 2020.
8:11THE RAMP ON HOW WE GET THERE,
8:12I’M NOT SURE.
8:14I VALUE IT AS A TECH COMPANY.
8:20 YOU COVER A RANGE OF
8:22OTHER COMPANIES INCLUDING
8:23GUNMAKERS AND ENERGY EQUIPMENT
8:24MAKERS.
8:28WHAT DO THEY SHARE WITH THESE
8:32OTHER RANGE OF COMPANIES?
8:35ANDREA: THE PRESENCE OF THE
8:36PRODUCT ON THE MARKET DISRUPTS
8:38THE MARKET.
8:40IT FUNDAMENTALLY CHANGES THAT
8:41MARKET OR CHANGES HUMAN
8:43BEHAVIOR.
8:45THAT’S HOW I LOOK AT IT.
8:50 ISSUES AS THEY
8:52ARE ONLY GOING TO SELL 500,000
8:53UNITS GLOBALLY.
8:56IT’S HARD TO SEE HOW THE
8:58EVALUATION CAN BE SO HIGH.
8:59SCALET: IT’S A NICHE CARMAKER.
9:09 THE IS YOUR THOUGHT ON
9:09ABILITY TO BECOME A MASS-MARKET
9:10AUTOMAKER.
9:11ANDREA: IT’S VERY GOOD.
9:13TESLA HAS SOLVE THE ENERGY
9:15STORAGE PROBLEM.
9:17THEY ARE SOLVING THE PROBLEM OF
9:17DRIVING.
9:19THEY ARE SOLVING THE PROBLEM OF
9:21ENERGY STORAGE.
9:27THAT’S TRUE OF ANYTHING.
9:28IT HAS NOTHING TO DO WITH ME IN
9:31A STOCK ANALYST.
9:32THE REASON WHY WE USE GASOLINE
9:33IS BECAUSE THAT’S HOW WE STORE
9:34THE CAR ARE — POWER.
9:41IT HAS BEEN HARD TO HAVE A
9:42HIGH-POWERED APPLICATION FOR
9:46AUTOMOTIVE USE OR USING
9:47ELECTRICITY.
9:47THEY HAVE SOLVED THAT PROBLEM.
9:49THEY ARE TAKING THAT AND
9:50APPLYING IT TO THE ENERGY
9:55STORAGE MARKET AS A MEAN OF
9:56STORING SOLAR POWER.
9:57I THINK WE WILL SEE OTHER
9:58PRODUCT LINES, OUT.
10:05 BETTEROES THAT MEAN A
10:05WAY OF LOOKING AT TESLA AS A
10:08GIGANTIC BATTERY COMPANY?
10:12ANDREA: THEY ARE SOLVING
10:13PROBLEMS THAT HAVE TO DO WITH
10:14ENERGY STORAGE.
10:17AS A SPECIES, THAT’S A BIG
10:18PROBLEM THAT WE ALL FACE.
10:20HOW DO YOU STORE SOLAR POWER?
10:23THAT IS HOW I SEE THAT COMPANY.
10:25THEY ARE GOING TO BE VERTICALLY
10:28INTEGRATED ON THEIR CELL
10:28PRODUCTION BY 2020 THROUGH THEIR
10:30GIGA FACTORY.
10:33IT WILL OPEN IN NEVADA.
10:39 IS IT IMPORTANT?
10:40IS IT CRITICAL FOR TESLA’S CARS
10:42TO BE PROFITABLE WHEN IT COMES
10:44TO SELLING VEHICLES?
10:49ANDREA: YES.
10:50THAT’S WHAT THIS YEAR IS ALL
10:51ABOUT.
10:51THEY NEED TO PROVE TO WALL
10:53STREET THAT THEY CAN MAKE MONEY
10:55ON THE BOTTOM LINE.
11:00IT’S THE TIME OF YEAR WHERE THEY
11:02NEED TO PROVE THEY CAN DO THAT.
11:06 TOTHEY WANTED TO COME BACK
11:07THE CAPITAL MARKETS TO RAISE
11:08MONEY, PEOPLE KNOW THEY CAN MAKE
11:10MONEY SELLING THE PRODUCTS THEY
11:11MAKE.
11:14 SELLINGNEW VEHICLES ARE
11:15AT A RECORD RATE RIGHT NOW.
11:16WHERE DOES TESLA GO?
11:22 YOUR POINT, DOES IT
11:23MATTER IF CAR SALES HAPPY FOR
11:24TESLA?
11:28ANDREA: THEY HAVEN’T.
11:30WHAT TESLA DID IS THEY WENT FROM
11:322012 SELLING 10 CARS TO IN 2015
11:40 CARS THENRE MODEL S
11:41MERCEDES.
11:47 TO FIRST INOM WORST
11:49THEIR CATEGORY.
11:51THE LONG-TERM BET IS THEY CAN DO
11:53THAT WITH OTHER TYPES OF CARS.
11:57 THREE DEBUTS MARCH 31.
12:01ALIX: THANK YOU SO MUCH.
 

Tesla long term valuation
Tesla long term valuation

Tesla long term valuation

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