Tesla Will Hit 500k Deliveries for 2020, say 2 Analysts
thestreet.com
thestreet.com
And yet, this is the 6th most valuable company in the US; worth more than Intel, AMD, and Nvidia combined.
But that's 500%/5x higher than 2017.
Tesla is in the middle of at least doubling their factory capacity with Berlin and Texas, and while delays are delays, the Model Y was released this year, the Semi is coming, and so is the cybertruck.
The Bull viewpoint probably is:
1) they have unlimited demand for their batteries in grid storage and cars, even if it isn't their cars
2) the model Y will outsell 3/X/Y all by itself, and they are poised to increase margins with battery improvements.
3) The Cybertruck will probably sell at least as well as the Y
4) The Semi is coming, and there will be unlimited demand for that, especially if they can substantially cut battery cost in the next three years.
5) Tesla is still poised for battery manufacturing supremacy for the next 5 years in terms of tech + volume.
6) Tesla solar has a lot of potential as well, likely a new round of US incentives are coming to replace the current ones
7) Europe, US poised for ICE bans, and probably will introduce new round of incentives that TSLA will qualify for. The current incentives are poorly designed to properly incentivize switchover
8) VW appears to be the only credible competitor at scale, and they still lack vertically integrated battery supply.
The Bear:
1) solid state battery breakthroughs could undermine their supremacy
2) titanic valuation isn't sustainable in medium term, may cause financial volatility
3) Supercharger advantage (a major major advantage in purchase decisions) will steadily dwindle
4) Grid storage probably will find a cheaper / better tech that lithium ion
5) Solar is unpredictable
6) chinese car makers may undercut worldwide / europe
7) quality concerns/reputation
It’s 5x higher than 2020!!!
Yeah, that came off as the stock price.