tl;dr summary: Tesla is still overvalued. Compared Tesla's 900K units this year to Toyota's 9M.
Of course, units don't matter, revenue matters, and revenue doesn't even matter, but margins, and margins don't even matter, but growth. Idiots like this think it is more likely that Tesla will stall out than keep growing. So, yeah, if you think Tesla will stop growing, then sure, it's worth $250 tops. However if you believe they have a solid chance at their 20M target by 2030, you'd be an idiot to sell.
Anyhoo, the "analyst" goes on to trot out the old canard that "there's no reason why Toyota can't transition to EVs and compete" against Tesla. Really dude? NO REASON? Like Toyota has no battery cell supply, no EV expertise, dealerships pushing against the transition, Tesla's brand, Tesla's SC network, Toyota's pensions, Tesla's manufacturing prowess, Autopilot, Teslabot, Tesla Energy, etc., etc.
The interviewer does a good job sticking it to the analyst. "So you aren't telling people to sell, you have a neutral rating, so if the stock did hit $250, you'd be wrong because you're not telling people to sell?". Answer: "The neutral rating means don't short it". Which makes no sense at all.
Basically, this guy's "analysis" doesn't hold water. It's a good case study in how "smart" people can come to any conclusion they want based on their own biases.
I am beginning to grow into the firm belief that like a lot of traditional media, the real customers for analyst are actually the corporations - and we, the public, is the product they sell.
Now, the analysts often disagree.
That has not so much to do with reality of the companies they are claiming to analyze, but has everything to do with what the different corporations have on the agenda and are therefore paying the analyst to sell to us.
All our friendly youtubers (SMR, Rob, Dave and alle the various giga drone-captains and others) are working to understand Tesla because they really care.
They do get some income from ads but mostly what digging deep into their Tesla fascination does is make much more easier tor them to continue to buy and HODL.
Which will be its own very rich reward.
To speak with a burning heart about something real: Then it is easy to convince people. And most of them would, I guess, almost do it for free.
If you, on the other hand, are a traditional analyst, then you have to sell no good, polluting, highly questionable, money-loosing corporations, then you
truly need a degree in communication (distracting, obfuscating, narrating) and advanced financial analysis (how to make bad numbers look better and meh numbers look good)
And you need a high salary.
Not only for your time and effort, but for your
loyalty and silence.
This may sound cynical, but it is hard to make sense of what is on display without taking into account that most analysts are simply used car salesmen on a commision.
[Bit of a rant - toned it down some]
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