04.21.23
Arne Alsin, CEO and Founder of Worm Capital, a hedge fund concentrated on Disruption, has been bullish on TSLA for a while, at least since 2017.
Full Interview transcript, if you are really eager to read more about his conviction...
Nothing new, but might be easier for some to accept, coming from an established, educated, successful, well presented, "Authority".
In a few words...
They have a deep conviction in Tesla's growth and dominance in the next 10 years at least.
He compares owning TSLA now as owning APPL in 2007 or even 2003.
If you like podcasts,
You might benefit from listening to Eric Markowitz, Head of research at Worm Capital, from May 2022. (You will probably want to jump a few minutes ahead to skip Sponsor messages). It is 1.5 hours.
This podcast follows a paper Worm Capital published in April 2022.
They have a similar view on TSLA and investing as Cathie Wood from ARK Invest (and me of course).
Worm Capital has a Nontraditional, $1250 PT for the end of 2024 roughly $4T market cap, up from nearly $0.5T today, up from around $1T in April 2022 when written.
The following paper is by far, the most detailed, 91 pages, well put, graphically presented Conviction of TSLA I have seen before, by Worm Capital.
Although written 1 year ago, and I have not seen any PT update, the conviction principals are short term volatility proof.
Will be interesting to visit this post back in 2030😂.
Today Ark Invest came out with the new TSLA 2027 Outlook...
https://ark-invest.com/articles/valuation-models/arks-tesla-price-target-2027/
They predict TSLA stock will reach $2000 by 2027 (Base price).
From Bear to Bull case...
Bear $600B to Bull $1.15T revenue (up from $82B in 2022).
Bear $34k to Bull $26k ASP per car (up from $46k now).
Bear $4.5T to Bull $8T MC(up from $0.5T now).
Bear $1400 to Bull $2500 Share(up from $165).
They expect the Autonomous Robotaxi to launch
before late 2024 at the most likely scenario with a chance of 55%, however they believe that no later than 2025 has 85% chance.
They also expect a Human car sharing business
to exist first and possibly parallel to Autonomous for a while, like Uber.
They expect Tesla to deploy near 1.4Twh of Batteries in 2027, 220Gwh of them in Battery storage, 16% of all Batteries.
This prediction does not include "DoJo" super computer or The Humanoid robot "Optimus".
Cathie Wood had a $1530 PT for 2026 and $7300 for 2030 (Base case), published in April 2022.
ARK previous PT was $1000 for 2025, published in early 2021
(they always give 4 year out Price targets, not standard,
compared to 12 month PT every one else does).
ARK first 4 year PT for TSLA was published in 2018
when stock was around $20...
It was a $265 PT for 2022 (TSLA stock has been bouncing
between $410 and $102 in 2022, now is $165)
#ARKInvest #Cathiewood #TSLA #Tesla
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