Interview: Tesla's Position of Strength w/ Alex Potter (11.20.21)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 21 November 2021
⏱️ 92 minutes
🧾️ Download transcript
Summary
Alex Potter joins Rob Maurer to discuss the strength of Tesla's business, excellent Q3 results, challenges for competitors, short to long-term outlooks, valuation methodology, various business lines, FSD Beta, Tesla Insurance, Rivian, Lucid, and more.
0:00 Tesla's Q3 results
3:35 Tesla's margins
8:51 Legacy automaker challenges
12:12 EV awakening & secondary impacts
20:50 Can Tesla's growth rate accelerate?
25:39 Is this a transitory period?
30:18 Structural profitability
33:12 Tesla compared to Amazon
36:19 Valuation methodology
44:03 Investor regret
45:37 Tesla service business & warranty reserves
59:27 Are legacy auto bankruptcies coming?
1:12:35 FSD Beta
1:21:21 Elon Musk stock sale
1:25:06 EV SPACs, Rivian, and Lucid
1:31:40 Rob's hair...
Disclosures for universe of: Alex Potter
1. I or a household member has a financial interest in the securities of the following companies: none
2. I or a household member is an officer, director, or advisory board member of the following companies: none
3. I have received compensation within the past 12 months from the following companies: none
4. Piper Sandler beneficially owns 1% or more of a class of the following companies: none
5. Piper Sandler has had a client relationship or has received compensation for investment banking services from the following companies within the past 12 months: ACVA, DASH, LILM, SFT, TSP, UBER, VRM
6. Piper Sandler expects to receive or intends to seek compensation for investment banking services from the following companies in the next 3 months: LILM
7. Piper Sandler was a managing underwriter of a public offering of, or a dealer manager of a tender offer for, the securities of the following companies within the past 12 months: ACVA, DASH, SFT, TSP
8. Piper Sandler has had a client relationship and has received compensation for non-investment banking securities related products or services in the past 12 months for the following companies: none
9. Piper Sandler has had a client relationship and has received compensation for non-securities services in the past 12 months for the following companies: none
10. Piper Sandler is a registered market maker for the following companies: none
11. Piper Sandler will buy and sell securities on a principal basis for the following companies: ACVA, APTV, ASPN, CARG, CVNA, DASH, LILM, LYFT, NIU, SFT, TSLA, TSP, UBER, VRM
#Tesla #TSLA #Investing
Plaid producer Who Why
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Jeffrey Yu
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody, we're out of malware here and today we are lucky to be joined by Alex Potter |
| 0:11.0 | of Piper Sandler in person for the first time in a long time. |
| 0:14.6 | It's good to see you again in person and we're excited today to talk a little bit about |
| 0:18.5 | Tesla. |
| 0:19.5 | I think it's been since February since we last talked and Alex has raised his price target |
| 0:23.1 | again. |
| 0:24.1 | So not the highest on the street anymore. |
| 0:25.4 | I think another one was passed you up a little bit a couple weeks back. |
| 0:28.8 | Okay. |
| 0:29.8 | $300 price target on the stock. |
| 0:32.6 | So I thought we could just jump into Q3 results obviously. |
| 0:35.6 | You're pretty happy with them. |
| 0:36.6 | I think most of Wall Street was pretty happy with them. |
| 0:39.2 | So what were your thoughts? |
| 0:42.0 | First of all, when you kick off a conversation saying, hey everybody ride malware here, like |
| 0:45.8 | I feel like I'm going to start watching the podcast that's really, like real life. |
| 0:50.5 | Okay. |
| 0:51.5 | I mean, they were just really, really good. |
| 0:55.5 | I don't know. |
| 0:57.5 | All right, podcast is over. |
| 0:59.6 | I'm out. |
| 1:00.6 | No, it was. |
... |
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