Hey everybody, Rob Mauer here and today we're going to be talking about a couple of really

important reports.

First, Tesla's most recent impact report, which has a ton of fascinating details and

it will go through the highlights there.

That release also coincided with a huge new report on climate change by the IPCC so we'll

spend some time on that as well.

And then we've got a few other quick kits of news which we'll run through at the beginning.

Take a look at Tesla's stock another relatively low volume day to day to start the week off

just under 15 million shares traded but Tesla was up 2.1% on the day to $713.76 that compared

to the NASDAQ up about 2 tenths of a percent.

Tesla's stock did see an upgrade today from Jeffree's analyst Felipe Hushwa upgrading

from Neutral to Buy which as we've talked about upgrades like that where they're actually

re-rating the stock.

Those are more significant to analysts than price target adjustments but that being said

he did increase his price target from $700 per share up to $850.

From the note quote, valuing Tesla is as challenging as ever we raise our discounted cash flow

based price target from $700 to $850 on higher profitability and accelerated growth.

While at 35% 5 year compound annual growth rate we remain below Tesla guidance of 50% as

trend growth.

Tesla currently trades on 9 times revenue and 62 times earnings before interest in tax.

A level disconnected with auto multiples but in our view more consistent with net growth

lack of legacy issues and wider addressable markets including energy generation and storage.

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