Part 3/11:
Johnson, on the other hand, questions Tesla’s high valuation—suggesting a multiple closer to 7.4x forward earnings, aligning with traditional auto industry standards, rather than the lofty 50x or even 100x often ascribed to Tesla stocks. This critique points to an underlying concern that Tesla’s growth rates may not justify the current market valuation, especially with increasing competition and economic headwinds.
Tesla’s Delivery and Production Outlook
A crucial part of this debate hinges on Tesla’s actual sales figures and production capacity. Recent reports from Morgan Stanley have shed light on Tesla’s delivery numbers and manufacturing capabilities. They project that Tesla could deliver approximately 2 million vehicles this year, representing a robust 50% year-over-year growth.