Tesla Stock To $900 (+30% from here) Says Analyst | Summary and Q&A

TL;DR

Pierre Ferragu of New Street Research upgrades Tesla stock to $900, citing insane demand and long-term growth potential. Most investors and analysts are focused on short-term risks and missing the bigger picture.

Key Insights

• 🍉 Tesla stock has been upgraded to $900 by Pierre Ferragu, highlighting the company's insane demand and long-term growth potential.
• 🌸 Short-term concerns, such as market share losses and production delays, are temporary and won't hinder Tesla's growth trajectory.
• 💪 Tesla is projected to deliver over 2 million vehicles in 2023, indicating strong demand and a steady earning stream.
• 🍉 Many investors and analysts are overlooking Tesla's long-term growth potential, similar to how Amazon's growth was once underestimated.
• ⌛ Tesla's stock is expected to maintain a multiple between 50 and 100 times earnings, reflecting its hyper-growth status.
• 🍉 Short-term market fluctuations and rotations into value stocks shouldn't overshadow the long-term potential of Tesla.
• ✋ Tesla's growth trajectory aligns with the trend of high-growth stocks being highly valued in today's market.

Transcript

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Questions & Answers

Q: What led to Pierre Ferragu upgrading Tesla stock to $900?

Pierre Ferragu upgraded Tesla stock due to the company's insane demand, strong long-term growth potential, and the likelihood of delivering over 2 million vehicles in 2023.

Q: Why do investors and analysts tend to overlook Tesla's long-term growth potential?

Most investors and analysts are focused on short-term risks and fail to see the bigger picture. They underestimate Tesla's ability to scale rapidly and achieve exponential growth in the coming years.

Q: Are short-term concerns about market share losses and production delays valid?

According to Pierre Ferragu, these concerns are short-sighted and won't have a lasting impact. Tesla's delays in production won't prevent the company from reaching its target of producing 2 million vehicles annually by 2023.

Q: What is the significance of Tesla's projected earnings per share in 2023?

With the production of 2 million units, Tesla is expected to generate $12 of earnings per share in 2023. This reflects the strong demand for Tesla vehicles, and it is an important driver of the stock's potential growth.

Summary & Key Takeaways

• Pierre Ferragu of New Street Research upgrades Tesla stock to $900, emphasizing the company's insane demand and long-term growth potential.

• He expects Tesla to deliver over 2 million vehicles in 2023, a projection that many analysts and investors overlook.

• Short-term concerns, such as market share losses and production delays, are short-sighted and won't hinder Tesla from reaching its production targets.