Justin Sullivan
Summary
- Tesla, Inc.’s business model marks it as a highly sustainable technology conglomerate, yet its lucrative and multifaceted business operations are not being properly valued by the stock market.
- Using reasonable estimates of Tesla’s likely revenue and profit from sales of products and services in various markets, I calculate that Tesla’s 2030 EPS will be ~$409 per share.
- Due to the market’s severe undervaluation of Tesla’s stock relative to 2030 estimates, I strongly recommend that all long-term investors buy and hold Tesla’s stock through 2030 and beyond.
Introduction
Tesla, Inc. (NASDAQ:TSLA) is, in some ways, a difficult company to describe. It makes cars, and most of its revenue comes from vehicle sales, so it would be easy to simply call it a car company. Yet for a car company, it is involved in many other areas that other car companies do not, and probably should not, go into. Solar panels, solar roofs, home and grid-scale battery storage, battery recycling, electric vehicle (“EV”) charging station deployment, autonomous transportation software development, robotics, and the development of Artificial General Intelligence (“AGI”) are just some of the many side hustles, so to speak, that Tesla is engaged in alongside its core EV production business.
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