CLK350
Member
Morgan Stanley's Adam Jonas breaks down shares of Tesla | CNBC (5:32)
Adam Jonas' opening statement:
AJ is recycling his thesis from March 2019, when he stated that "Tesla is overvalued on fundamentals and undervalued strategically". #31,082
At that time (over 3 yrs ago), TSLA's Mkt Cap was $45.7B (and it's SP was $52.90 - split adjusted):
View attachment 803777
Well, guess what AJ? You were wrong then, and you're wrong now. Tesla has GROWN into its Mkt Cap, and 20x since. He discounts AI as "fully-priced-in" with a handwave, yet ignores the entire progress on public display in the FSD beta program. He ignores future AI products like DOJO-as-a-Service, and TeslaBot (with the largest possible TAM on Earth, and beyond-- a product literally headed to Mars).
AJ further ignores Tesla Insurance, Cybertruck, Semi, Robotaxi, and Supercharging service. But he's still quite certain that China bad, and MAYBE, there can be a spin-off on the Shanghai Stock Exchange but he's not sure... Wassa matta AJ? Can't wet ur beak in China? U banned, bro?
Then, AJ ignores Giga Berlin and Giga Austin as the solutions for all the problems he attributes to Tesla's current concentration of manufacturing in China. What.a.maroon! Never let facts get in the way of a good story, right AJ?
TL;dr Tesla has grown; AJ has remained stuck in the past
Ha hah hah ... someone has posted these remarks on Jonas' YouTube post, so head on there and thumb up that comment to give it more visibility. Can't believe how much longer our establishment can keep up the multiple charades. Maybe that's why they got the Ukraine theater going - what next, food shortages and riots?