Tesla's market value is overvalued? Fund Manager: Maybe it can rise several times

(Original title: Tesla's overvalued market fund manager: Maybe it can rise several times!)

The market value of Tesla, an electric car manufacturer, surpassed General Motors on April 11th and became the highest-valued company in the nation's car market. At the same time, however, Tesla's analysis of the market's high value has followed. Investment banks, including Barclays, believe that Tesla's car production and sales are far behind General Motors and Ford, but the market value has surpassed the US auto giants, so there is a problem of overvalued market.

However, the fund manager said that Tesla’s market value is too high because investors have overlooked an important opportunity. That is Tesla’s self-driving car sharing platform. The global autopilot taxi market is expected to reach US$2 trillion. As a major player, Tesla can no longer evaluate Tesla as a traditional car manufacturer.

As of the close of the US stocks on Friday, the market value of Tesla was 52.2 billion U.S. dollars.

High stock price? That's because I missed an opportunity

Catherine Wood, CEO of ARK Invest, said in an interview with CNBC that Tesla could rise several times in the future. Investors believe that Tesla’s market value is too high because they do not count the driverless taxi market, and Tesla will become the big player in the driverless taxi market in the future:

If we are correct, Tesla’s shared platform will popularize American self-driving taxis, not counting the Chinese market. By 2020, Tesla’s market value will be several times larger than it is today.

In addition to Tesla’s own car, Tesla’s self-driving taxi platform allows other companies’ autonomous driving companies to enter. According to ARK Invest research, the global driverless taxi market will be worth $2 trillion over the next few years. Catherine Wood thinks:

We are surprised that every time Tesla’s financial report calls, no analysts mention the opportunity of the autopilot taxi platform. Even if Tesla can only get 10% of this 2 trillion platform, the stock price is not counted. Now.

Last year, Tesla's CEO and iron man Elon Musk announced that when the regulatory approval was completely unmanned, he planned to start Tesla’s car sharing service. Under this program, Tesla owners can make money by renting their vehicles with autonomous driving capabilities.

Elon Musk at the time expressed this:

When you are at work, when you are sleeping, or on vacation, as long as someone calls your Tesla self-driving car, your car can help you make money, which will also greatly reduce the cost of ownership of Tesla, and the rent can be offset. Car loans and lease costs allow everyone to own Tesla.

Iron Man acknowledges market value is too high

However, Iron Man himself admitted that Tesla’s market value was too high. In an interview with the British “Guardian,” Tesla CEO Elon Musk stated frankly, “I believe Tesla’s current market capitalization is higher than we deserve,” he said. “We are a company that is still losing money”:

“We are a company that has lost money. We are not in this situation at the moment. We are just greedy capitalists who just want to get more profits and dividends. The question now is how much we are losing now. How can we survive? How to avoid bankruptcy and prevent employees from losing their jobs."

Musk also pointed out that Tesla's current output only reached 1% of the general production. Last year, Tesla sold 76,285 cars, GM sold 10 million cars worldwide, and Ford sold 6.65 million cars. This year, Tesla plans to increase its annual production to 500,000 vehicles.

Tesla released its first quarter earnings report. The financial report released showed that the company’s total revenue for the first quarter was 2.696 billion U.S. dollars, up 235% from the previous year's 1.147 billion U.S. dollars in the same period last year, hitting a single-quarter high and surpassing Wall Street. Analysts' average forecast of 2.61 billion U.S. dollars.

The automotive business revenue reached US$2.29 billion, an increase of 123% from US$1.026 billion in the same period of last year; Tesla Energy, the energy division formed after the acquisition of Solarcity, achieved revenue of US$214 million, an increase of 841% from the US$22.7 million of the same period last year; And other business revenues reached US$193 million, an increase of 196% from US$98.3 million in the same period of last year.

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