Re: lol. how long before Musk overtakes Buffet or Bezos in $$?
I told the stick was dangerous to short. Each new target ignites it. Today by new street $800
Ferragu currently estimates that Tesla is on a path to sell 2 to 3 million cars per year after 2025 for a market cap of $230-350 billion:
We hence stick to our views and expect Tesla to sell 2-3 million cars per year after 2025, at industry leading margins, justifying a market capitalization of $230-350 billion, or ~$1,100-1,700 per share. Discounted back to early 2021, we would see that fully priced with a stock in the $640-960 range. On that basis, we increase our target price to $800.