| Ʒ ġ÷Ŭ ƴ Դϴ. ؿ ֽĿ ظ Ұϰ ΰ Ϲ ȸ մϴ. ġ÷Ŭ Ʒ ؿֽ 2~3ȸ Ұϸ Ʈ ǥ ÷ Դϴ.
[ : ڿ Ư ̱ ũ(valuewalk.com) Ʈ м 2~3 Ұմϴ. ̱ Ȳ ظ ּ ߰ Դϴ. ũ ̱ ǥ ġ Ʈ ϳ ġڿ پ ڷḦ մϴ.]
* Ʒ Ư ũ(valuewalk.com) 12 12 Դϴ. ֽĿ ǰ Դϴ.
, Ǹ, ֽ ſ ̳
(NASDAQ: TSLA) Ǹ ڵ ִ. ڵ δ ƴ, ڵ κ ϰ ִ. ε ʰ, . 轺 κƮƮ ġ(Zacks Investment Research) , ڵ ι 2019 ü 93.7% ߴ. ̱ ü 60% ϰ ִ.
° ι ü 6.3% ϰ ִ. ü, 轺 κƮƮ ġ ַ 3 ϴ 50% ϰ ִٰ мߴ. 3 , Ǹϰ ִ. ַ 3 3 , X SUV, S ̴. Y, ̹ Ʈ(Cyber Truck), Ʈ(Semi Truck), ε彺(Roadster) ̷ ǰ ξ ִ.
ܿ Ʈ(̴ Ϻ ̹ ǰ ִ), , ٸ ϰ ִ. ¾翡 ߿ ִ.
, ̱ Ȯ ִ. ȯģȭϻ ƴ϶, Ÿ ſ ſ . غ ƴ, S ȸ ־. ̸ ص, , ſ Ѵ. S ǹ̸ عȴ.
ϰų Ÿ S Ӵɷ¿ ʾҴ. S 2.3 ü 0Ͽ 60ϱ ӵǾ. ̶ δ . , S ƿ · . ڵ鸵 ſ Ǹߴ. S ϰ ڵ鸵 ϴ Ұϴٰ ߴ. ̰ ƴ , ִ S ſ ٴ ̴. S ڵ鸵 ڵ鸵 ſ ߴ BMW Ҵ. Ѹ BMW β .
, Ǹ ֽ ̳
S ֱ ֽĿ ϴ ־. ڵ ֱ ұϰ, ְ ̴. ̷ ϴ Ӹ ƴϴ.
ŷ (Seeking Alpha) ֱ J.P , ְ ϶ ǰ ȭ(J.P. Morgan doubles down on bearish Tesla thesis). J.P. ֳθƮ ̾ 긵ũ(Ryan Brinkman) , ֽ, 츮 ǻ ǥ , Ǿ, ٳ ſ Ǿ. 鼭 J.P. ǥְ 80 90 . ǥְ ְ 86% ϶ ̴. J.P. ǰ߿ ϸ, --J.P. ߴ ó-- ǥ鿡 ̼ ̴.
ġ ̼
ݱ ڵ鿡 ϱ ϳ ְ , ڵ ϴ ֽ Ǿٴ . , ڵ ̷ ; ʴ´. ̿ õ ̵ ֽ ְ ſ Ҵٴ ʿ ϴ , ٴ ִ ŷ ̴. , ֽ ġ ϰų ϴ 찡 ִ.
̴ ̴. ٰ 1 ſ Ǹ ´ٴ ϴ ƴϴ. ̷ Ǹ ְ ƴϴ. Ͱ 帧 ſ Ǹߴ. ŸԵ ֱ ε ̼ ȭ ʴ´. ϳ ڸ, ̷ -- ó-- S&P 500 ó Ե ϴ ְ Ƿ Ͻ µ ۿ ̴.
ջ PER: 鿡
ջ PER(blended P/E ratio: ֱ ǥ Ͱ ݿ PER) 274.80ε, ̸ ͼͷ ȯϸ 0.36% Ұϴ. ٸ ϸ, 100% ߰ θ п Ѵٰ , Ǵ ͷ 0.36% Ұϴٴ ̴. ұϰ, ְ 2019 12 31 83.67 2020 12 9 604.48 ߴ. ݱ 622.5% ̴. ܱδ ̷ û Ϻκ ȭֱ Ѵ. ⼭ ߿ (û ְ ¿ ģ) ӰѰ? ϴ ̴. ̿ ʴٴ ̴.
[] ְ: 2020 ְ
(ڷ: FAST Graphs)
⼭ ߿ , ̷ ̼ ܿ, ո ڶ ֱ ؾ Ѵٴ ̴. 2020 10 20 Ʈ ̺ ֽ(David Whiston) Ÿ ֳθƮ Ʈ 3б ߴ.
2020 3б 0.76 ִ(adjusted diluted EPS) ϸ鼭 ´. ̴ ǴƼ(Refinitiv) 0.57 ȸϴ ̰, ִ 0.37 ũ ̴.
̷ ġ ſ λ ó δ. 2020 9 29 ڵ ̺(Driving) : Ͻ Ȯ ʿϴ(Motor Mouth: Teslas real business model needs a reality check) 翡 ϰ ִ.
Ƽ(Teslarati: ٷ ̵) ٽ б ϰ ִ-- б ε, ̵ 츮 ִ ʾҴ-- ڽ Ǹ δ ߴٴ ̴. S, X, Y 3s Ⱦ ̷ ϱ , ڴ. , 7 б--źҹ "(green)̾ ֱ 4 б 2016 3б, 2018 3б 4б-- ´ٰ ϴ ̸ ZEV ũ(zero-emission vehicle credits: Ⱑ ũ) Ⱦ ̴.
轺 κƮƮ ġ ZEV ũ ٿ.
ZEV ũ Ǹſ ϰ ϰ ִ ̴. ߿ ֱ 4 б ũ Ǹŷ ø Ϲȸ Ժ Ҵٴ ̴. б , 3 9,700 ZEV ũ , 6,600 ڸ ̴. 2 б , Ϲȸ 4 3,500 µ, ZEV ũ , Ⱓ 3 9,000 ս ̴.
̷ ϸ, ڵ ȾƼ ϰ ִٴ ̴. , ó ƴϴ. ǹϴ ֽ ̼ǿ ڵ ˰ ־ ũ ִٴ ̴.
ջ Ȱ帧 ְ: 98.81
̼ ǥ ϰ Ȱ , ϴ ǥ ϳ Ȱ帧 ǥ. ݾó, ̴. , , ״ ̴. Ȱ帧 ũ Ǿ. 帧 ġ ϸ ġ 98.81 ȴ. ̴ J.P ġ(ǥְ) 90 ̴.
[] ְ: Ȱ帧 ְ
(ڷ: FAST Graphs)
EBITDA ְ: 112.37 ũ ȸ
߰ߵ ٸ ǥ EBITDA ְ() ϴ ̴. 2018 Ϲ ߴ EBITDA ְ 33.79̴. հ , 112.37 ջ EBITDA ְ ũ δ. EBITDA ϴ װ ǥ̱ ͺٴ 帧 ٰ ̴. , EBITDA , , 帧 .
[] ְ: EBITDA ְ ְ
(ڷ: FAST Graphs)
Ǵ
̼ ũ ܿ, ̷ ֵ ݱ ߰ ݵ ϰ ִ ֽ Ȳ ؼ ˾ƾ Ѵ. ֽ 2008 4 6,700ֿ 2019 12 8 8,500 ַ 5% ߰, 2020 9 ٽ 9 4,800 ַ ߴ.
[] ֽ: 2008~2019
(ڷ: FAST Graphs)
[] ֽ: 2020
(ڷ: FAST Graphs)
2020 12 8 50 ߰ ڸ ǥߴ. ڿ ȿ ȭ ִ ֳθƮ ڸ ֽ ̼ ġ ִٴ ̴. 50 ڷ Ǵ ִ 尡 Ű(at-the-market offering) Ǹŵ ε, Ͻ λ̴(Business Insider) ̸ ߴ.
尡 Ű ڴ ڿ ٸ. ڴ ֽ ̸ ݿ Űϴ , 尡 Ű ڴ ڱ緮 忡 Ű 50 ϴ ̴.
尡 Ű ڸ ֱ ڻ ְ ̿ , ̸ ݿ ָ Ű ִٸ ̹ ڴ ں ȿ ȭ ְ, ϴ.
50 ġ θ Ȥ ٷ ŵ ʿ . ּ 1 ð Ű ɼ .
ϸ, ڸ ָ Ű , ̿ ÿ ž ڱݵ , ڷ ϴ ֽĵ ſ ݿ Űϰ ִ. , ̷ ž ڱ ϰ Ű ִ. 2019 ܰ 65 1,000 , 2020 9 147 500 ߴ.
[] ܰ: 2008~2019
(ڷ: FAST Graphs)
Ű, Ȯϰ, Ȯ ȹ ȸ ִ. ߿ ̷ ȹ ڿ и ִٴ ̴. ұϰ, ZEV ũ ʰ ڽ ڵ ȾƼ ãƾ ̴. ִ. ֱ 12 б â Ѱᰰ ʰ ߳ϴ.
[] : 2017 4б~2020 3б
(ڷ: FAST Graphs)
ϰ, ̸, ſ λ â CEO ӽũ ſ Ǹ ִ. ̷ ϰ ִ. Ǹ ȸ翡 ϴ ڰ ǰ ʹ. ٸ , ֽ ݴз ħ ʴ ̼ǿ ŷǰ ִٴ ̴.
ұϰ, ֽ 2019 ߹ û , ݵ . , ̷ а ִ. ݸ, ġڵ-- ̿ ٸ ڵ-- ū ٺ ڡ ִٴ ˾ƾ ϰ ̸ ηؾ Ѵ. ū ٺ ڶ û ٺ ΰ ŵ ִٴ ֽ ġ ( 쿡 ξ ) ݿ żϴ ڸ Ѵ.
Ǹ 丮 ̸ ̸ ̶ ϴ´. ÿ ڵ żϴ ʹ ū ִٰ , ˰ ִ. ֽ ̿ ش ̴. ó, Ǹ, ֽ ſ ̳. ڵ ſ, ̾, ߴ ͵ ̾. ұϰ ֽ ְ ̴ ʴ´. Ǹ ȸ ̴. ġ ڷμ ȮѴ. ƹ ɸ γϸ鼭 ȸ ٸ ̴.
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* ó: F.A.S.T. Graphs(http://www.fastgraphs.com), TESLA – GREAT CARS, PERHAPS GREAT COMPANY BUT VERY SCARY STOCK," 2020 12 12, https://www.valuewalk.com/2020/12/tesla-scary-stock/
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