Perhaps it wasn’t Jonas? Who was the vocal analyst with the...

First 2303 Last

Share
Profile

Follow
GCar

13,227 Posts.

8047

26/10/21

11:29

Post #: 57074675
Share

Originally posted by dyeman ↑

I don't think any analysts got the speed of Tesla's execution right - hindsight is a wonderful thing!. Adam Jonas is a long time Tesla bull, but even he greatly underestimated the speed of Tesla's execution, and he is not alone. On the other hand, Elon Musk predictions are often just as wildly over-optimistic on timelines as analyst predictions underestimate what Tesla will achieve. And to be fair to analysts, Tesla's valuation is on a completely different scale to that of any traditional car maker.

A couple of years ago (late 2019) Tesla had only just completed the first stage of its China factory, and was still barely profitable. Jonas predicted that the factory could produce as many as 450,000 cars by 2024/2025, more than most analysts at the time. In practice Tesla has expanded the factory since then and is already producing at an annual rate of 450,000 cars (2021). And two more even larger factories are about to start production - interesting times ahead!

Expand

Perhaps it wasn’t Jonas?
Who was the vocal analyst with the target of $69 or $89 on Tesla, not too long ago...?
Iirc it was Cathy Wood talking about Tesla heading to $6000 or $7000 by 2025, and they were calling her nuts. Well it’s now over $5000 (pre-split equivalent) and it’s only 2021.
A reflection of the sector and what is to come!!
Booooooom

Last edited by GCar: 26/10/21

ORE Price at posting: $9.46 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply