Thank you, Conor, for the great post. Regarding the part on Tesla, I totally agree with you but it looks like we are in another case in which markets can stay rationale for longer than we can stay liquid. This said, what is your perspective on the analysis now that 2 years have passed?
Using LTM to analyze high growth stocks such as Tesla is not the best approach? Look at TAM of EV's, Tesla's potential/estimated market share of the EV market on a forward looking basis and then forecasted volume/revenue growth. Implies a forward looking P/E that is high but more in line with other high potential growth stocks. Gary Black's analysis is exceptional.
Thank you, Conor, for the great post. Regarding the part on Tesla, I totally agree with you but it looks like we are in another case in which markets can stay rationale for longer than we can stay liquid. This said, what is your perspective on the analysis now that 2 years have passed?
Great analysis. Some points of note:
Using LTM to analyze high growth stocks such as Tesla is not the best approach? Look at TAM of EV's, Tesla's potential/estimated market share of the EV market on a forward looking basis and then forecasted volume/revenue growth. Implies a forward looking P/E that is high but more in line with other high potential growth stocks. Gary Black's analysis is exceptional.