Gordon Johnson and Rob Maurer Debate TSLA Bull/Bear Thesis (09.03.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 3 September 2020
⏱️ 71 minutes
🧾️ Download transcript
Summary
Rob Maurer of Tesla Daily is joined live by Gordon Johnson, founder and CEO of GLJ Research, to discuss the bull and bear cases for TSLA stock at its nearly $400B valuation. Johnson has a $19 price target on TSLA stock.
Timestamps:
0:00 Introduction and Gordon Johnson’s bear case
6:24 Is Tesla’s automotive business burning cash?
11:57 Is Tesla’s growth story over?
13:50 Are electric vehicles disruptive technology?
16:18 Gordon Johnson’s forecasts for Q3 and Q4, and discussing the regulatory credit situation
21:22 Service gross margin and warranty impacts
25:06 What about the impacts of the pandemic on growth?
28:30 Tesla’s market share
34:51 Regulatory credits in depth
40:22 Is competition finally coming?
46:07 How does forecasting for revenue growth fit with the growth story being over?
49:07 Tesla’s profitability, capital raise, and S&P 500 inclusion
57:16 What would it take for Gordon Johnson to become more bullish on TSLA?
58:54 Has Gordon Johnson used Autopilot?
1:02:46 Closing comments
#Tesla #TSLA #Investing
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Ludicrous producer Fred Hassen
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Executive producer Nick Wood
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Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey, everybody Rob Maower here. Today we are joined live by analyst Gordon Johnson, founder and CEO of GLJ Research. |
| 0:14.8 | Gordon currently has a $19 price target on Tesla, which is to my knowledge the most |
| 0:19.0 | bearish price target on Wall Street. So today we just wanted to have a |
| 0:21.9 | conversation about our |
| 0:22.8 | differing points of view on the company. So this is live but will be |
| 0:26.3 | focused on the discussion rather than the comments, but as always please keep |
| 0:29.6 | those respectful even if you do disagree. So Gordon, thanks for joining us. |
| 0:34.0 | A lot of listeners have requested this, so I was definitely glad that you reached out and happy to have some time |
| 0:38.1 | today to talk about Tesla. |
| 0:40.0 | Do you just want to start by giving us a little bit of background on sort of how long you been covering Tesla and how that came to be? |
| 0:45.0 | Yeah, sure. So I've been covering Tesla for roughly two years. |
| 0:50.0 | The reason why I started covering Tesla is because I felt like the company was over value. |
| 0:54.3 | So that's how long we've been covering it and that's how it came to be. |
| 0:56.7 | Okay. |
| 0:58.7 | And then was that? |
| 0:59.7 | Because I think you covered Solar City originally, right? |
| 1:01.6 | And then sort of shifted over to Tesla am I remembering that correctly? |
| 1:05.4 | Yeah, no so we covered Solar City we thought it was headed to |
| 1:10.0 | Zero and as you know Tesla stepped in and purchased it. |
| 1:13.4 | At the time I think Solar City was doing roughly |
| 1:16.3 | you know 200 to 300 megawatts per quarter |
| 1:19.0 | in in cells and in the most recent quarter I think they did just over 20 megawatts |
... |
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