Tesla

Tesla released Sep-18 production and delivery numbers this morning. While the numbers were in line with guidance, the update is incremental, given Tesla investors have been conditioned to brace for negative news. This is a good day for Tesla. The…

Elon Musk’s quick settlement of Thursday’s SEC lawsuit is the best possible outcome for all involved. The settlement removes what could have been a significant distraction for the company and overhang for shares that could have lasted a year. It…

The SEC charged Elon Musk with securities Fraud related to the go-private statements made on Twitter last month. This is a negative, given it adds further distraction at a critical 6-month juncture in the company’s viability. Despite this, we think…

We remain positive on the Tesla story, given our view that near-term results (Sep-18 and Dec-18) will likely ease investor concerns regarding cash. Longer-term, talent retention will be a key indicator of greater upside to the Tesla story. Here’s a…

If Tesla doesn’t make some changes, starting with the board, it could spell the end for the company. We believe in Tesla and its mission. We want the company to be successful, but Elon Musk‘s increasingly disturbing actions have brought the…

Elon’s actions are making it harder and harder to support Tesla as a company. His actions directly affect Tesla’s share price because Elon is Tesla. That said, we still believe there is more upside to shares.  A Few Takeaways Big picture:…

The roller coaster surrounding Elon Musk’s failed effort to take Tesla private resurfaced the topic of Apple buying Tesla. If Tesla successfully turns the corner to profitability, the combination of the two companies is nothing more than a fairy tale,…

Tesla announced it’s staying public. We were wrong in thinking there was a 2/3 chance that Tesla goes private.  We continue to believe Tesla would create more value as a private company. That said we believe shares of TSLA are undervalued…

Eight years ago, we wrote a note titled, “No Such Thing as a Value Stock in Internet?” The hypothesis was that technology stocks, by nature, must be growth stocks to be compelling. Technology is inherently new, so investors look for…

TSLA is down ~8% following an NYTimes article about Elon Musk. Investors are likely most concerned about Musk’s overall mindset and burn out in addition to the use of Ambien and possibly other drugs. The article is an interesting insight into…

Shares of NVDA are down 5% after-hours. The company missed expectations in its OEM and IP segment as the decline in crypto pricing triggered softening demand for crypto-mining hardware. While crypto drives just ~3% of revenue, the miss in the…

Elon Musk wrote a blog post titled Update on Taking Tesla Private addressing the most common questions following last weeks going private circus. We still believe there is a greater than 50% chance Tesla is private in a year, and…