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Ivans86
2021-09-23
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2021-09-22
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2021-09-22
Someone should post a lengthy comment so i can think about this thread considering more opinions haha
Tesla: The Real Gamma Squeeze
Ivans86
2021-09-21
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2021-09-21
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Ivans86
2021-09-20
Hmmmm
Big Tech shares slid in morning trading
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2021-09-20
$Tesla Motors(TSLA)$
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2021-09-20
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Ivans86
2021-09-19
Hmmmmmm
Ivans86
2021-09-19
$ISHARESHSTECH(03067)$
Woohoo
Ivans86
2021-09-18
$Tesla Motors(TSLA)$
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2021-09-18
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Ivans86
2021-09-17
$Tesla Motors(TSLA)$
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Ivans86
2021-09-16
Woohoo
Ivans86
2021-09-16
$Tesla Motors(TSLA)$
Woo
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2021-09-15
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2021-09-15
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Ivans86
2021-09-14
Woo :))
Ivans86
2021-09-14
$Tesla Motors(TSLA)$
to the moon
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2021-09-13
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days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.07","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharing for likes","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharing for likes","text":"$Visa(V)$Sharing for likes","images":[{"img":"https://static.tigerbbs.com/36a41cd462e75fc0910d2928fd6d4e94","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863351728","isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":869572688,"gmtCreate":1632311565544,"gmtModify":1676530749015,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Sharing for likes ","listText":"Sharing for likes ","text":"Sharing for likes","images":[{"img":"https://static.tigerbbs.com/91097ab141e643ad7536334b35e9d484","width":"1125","height":"3322"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869572688","isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":869572043,"gmtCreate":1632311455782,"gmtModify":1676530749001,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"Someone should post a lengthy comment so i can think about this thread considering more opinions haha","listText":"Someone should post a lengthy comment so i can think about this thread considering more opinions haha","text":"Someone should post a lengthy comment so i can think about this thread considering more opinions haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869572043","repostId":"1114645760","repostType":2,"repost":{"id":"1114645760","pubTimestamp":1632293951,"share":"https://www.laohu8.com/m/news/1114645760?lang=&edition=full","pubTime":"2021-09-22 14:59","market":"us","language":"en","title":"Tesla: The Real Gamma Squeeze","url":"https://stock-news.laohu8.com/highlight/detail?id=1114645760","media":"seekingalpha","summary":"Summary\n\nThe announcement of a Tesla Bot (humanoid) has reignited momentum in Tesla's stock; however","content":"<p><b>Summary</b></p>\n<ul>\n <li>The announcement of a Tesla Bot (humanoid) has reignited momentum in Tesla's stock; however, this move may fizzle out soon.</li>\n <li>Tesla's fundamentals do not support its valuation, which remains out of touch with reality after nearly eight months of consolidation.</li>\n <li>I rate Tesla an \"Avoid\" at $760.</li>\n</ul>\n<p><b>Introduction</b></p>\n<p>Tesla's (TSLA) AI Day event was meant to serve as a hiring event that can attract AI scientists/engineers who could help the EV-leader solve autonomous driving (and probably to develop a humanoid). Although Elon Musk has proven himself to be a visionary leader, he tends to overpromise and underdeliver, and so, we can safely assume that both fully autonomous driving and humanoid projects are at least a few years away from reaching the consumers (if they materialize at all). Now, I can't reliably estimate the success of Tesla's AI Day event in terms of its hiring efforts; however, the humanoid (Tesla Bot) announcement has undoubtedly generated some hype around the company and boosted its stock price.</p>\n<p><img src=\"https://static.tigerbbs.com/6915884a7d44f015148ffd1753e2aa26\" tg-width=\"640\" tg-height=\"498\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: YCharts</p>\n<p>In the last month, Tesla's stock has moved up by ~$100, with the MACD indicator turning from negative to positive soon after Tesla's AI Day event. The hype around Tesla Bot has brought the stock back on the radar of retail investors who were initially excited by the idea, according to Google Trends data. However, the stock is getting close to being overbought (RSI at 65.4), and the MACD indicator has turned neutral from bullish. Hence, the humanoid hype rally may soon blow over, and Tesla could resume its consolidation.</p>\n<p><img src=\"https://static.tigerbbs.com/30c5d8e75dc9fb21ae24fccddbf425cf\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Google Trends</p>\n<p>During the AI Day event, Carnegie Mellon University's Computer Engineering Professor, Raj Rajkumar, asked - \"Is Tesla Bot the next dream shot to pump up the hype machine?\" In reply, Musk said,</p>\n<blockquote>\n I can safely say that it will be much longer than 10 years before a humanoid bot from any company on the planet can go to the store and get groceries for you.\n</blockquote>\n<p>When Musk himself is not expecting the delivery of a commercial humanoid for a decade, I do not understand the logic behind some analysts upgrading Tesla's valuation on this bizarre project. Tesla is struggling to make autonomous driving work, as evidenced by repeat accidents associated with its Autopilot technology (the company's Autopilot system is being probed by NHTSA); I see no reason to cheer the announcement of a humanoid prototype that we may not see until 2025 (if Musk'sgeneral moonshot delivery timelines(delays) are repeated).</p>\n<p>Although Tesla's business fundamentals have been improving consistently over the years, multiple expansion is the primary driver of Tesla's price action. Tesla's Q2 report showed that the company's profitability is finally coming from core operations and is no longer dependent on EV credits or bitcoins. However, Tesla's fundamentals need more time to catch up to its valuation. As a technology enthusiast, I would love to see Tesla succeed, and I want to own more of such a revolutionary company, but my investing principles have kept me away from adding to my long position in this company over the last eighteen months due to valuation concerns.</p>\n<p>In today's article, I will share my thinking around Tesla's recent price action (and, by extension, valuation), followed by an analysis of its fundamentals. We will further derive Tesla's fair value and expected returns to gauge if a fresh investment makes sense after the consolidation of the past six months. Lastly, I will discuss some of the investment risks associated with Tesla.</p>\n<p><b>Tesla: The Real Gamma Squeeze</b></p>\n<p>Even before the meme stock craze became a thing in late 2020, Tesla's stock was trading in a similar vein to the likes of GameStop (GME), AMC Entertainment Holdings (AMC), and other such \"meme\" stocks. Tesla has been a retail favorite for years, and Tesla's fanboys have hit the jackpot with their investments in the company. In just a short space of twenty-four months, Tesla's stock has rallied by nearly +1500% (or 16x). Tesla's rise hasn't been as rapid as what we have witnessed with GameStop or AMC; however, it certainly resembles a typical squeeze, and the move up could have taken longer due to Tesla's scale.</p>\n<p><img src=\"https://static.tigerbbs.com/43c3f5b7d2d5ef207a6bc634f33496a4\" tg-width=\"640\" tg-height=\"190\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:YCharts</p>\n<p>Some Tesla bulls point to its 8-year underperformance before 2019 and claim that the stock just caught up to its intrinsic value, and to be fair, this is somewhat true. Tesla's business fundamentals have been improving consistently over the years; however, I believe that the primary driver of Tesla's stock is an absurd trading multiple expansion from ~2x P/S to ~20x P/S based on irrational market exuberance spurred on by a combination of factors such as short unwinding (Tesla's Short Interest has gone down from 218M shares [30% of float] to 27.5M shares [3% of float] after peaking in May 2019), gamma squeezes (retail investors [fanboys] buying OTM calls), addition to SP500 (forced index buying of more than $100B), etc.</p>\n<p><img src=\"https://static.tigerbbs.com/d53dc1534dfe75e801efd94301f9e0fa\" tg-width=\"640\" tg-height=\"413\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: YCharts</p>\n<p>Tesla now commands the valuation of a high-margin SaaS business (which it clearly isn't). In all fairness, Tesla is a capital-intensive, low-margin automotive business, which has the potential to become a SaaS-like company someday. In recent times, several analysts have lauded Tesla's move to offer FSD as a monthly subscription service (at $99 a month for Enhance Autopilot customers and $199 a month for others); however, they fail to mention that Tesla's subscription offering comes at the cost of a $10,000 upfront payment. To be fair, I do expect the subscription service to be a success; however, it is unlikely to be a game-changer for Tesla (unless full autonomy is achieved).</p>\n<p><img src=\"https://static.tigerbbs.com/4652a802090f10de357e7a2040e22532\" tg-width=\"640\" tg-height=\"401\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: YCharts</p>\n<p>Tesla has a massive growth runway in front of itself with clear product and technology lead expected to result in rapid growth over the next decade. However, the price investors are being asked to pay for Tesla (Price to FCF ratio of ~330x) is completely out of whack with reality. As you may know, rapidly growing, high-margin businesses tend to trade at premium valuations; however, I have never come across any situation quite like this one. I would like to reiterate, Tesla is not a high-margin SaaS company, and even if it can be one, the current multiple being asked for it is not in touch with reality. The high-growth universe has many better alternatives for capital allocation, and buying Tesla at this valuation makes little sense for investors seeking alpha.</p>\n<p><b>Where Do The Fundamentals Stand Today?</b></p>\n<p>Currently, Tesla's fundamentals do not support its valuation; however, that doesn't mean they never will. Tesla is a company that's growing each day, and the business momentum looks strong. In the last twelve months, Tesla recorded $2.6B of free cash flow on the back of robust revenues of ~$42B. While the gross margins have some improvement from 2019 lows, Tesla's operating margins keep getting better and better with every passing quarter.</p>\n<p><img src=\"https://static.tigerbbs.com/620db097d576ef83940209ab3c2c7342\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: YCharts</p>\n<p>In Q2 2021, Tesla's revenue came in hot at ~$11.96B, up 98% y/y. Furthermore, we saw an even sharper jump in gross profits as GAAP gross margins improved from 21% to 24.1%. The ~300 basis point jump in gross margins resulted in a ~550 basis point improvement in operational margins.</p>\n<p><img src=\"https://static.tigerbbs.com/2270c64e0f03ca1dfc8d142b4a5695a5\" tg-width=\"640\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Tesla Q2 2021 Earnings</p>\n<p>Tesla has recorded positive net income for the last five quarters; however, Q2 was the first instance where profitability came from core operations and wasn't tied to EV credits or speculative investments like Bitcoin. Overall, Tesla is doing extremely well from a business perspective. Tesla's CFO, Zachary Kirkhorn, deserves plaudits for smart capital raises through equity sales. Today, Tesla's balance sheet is flush with cash (~$16B), which is in stark contrast to past times when Tesla used to operate precariously close to bankruptcy.</p>\n<p><img src=\"https://static.tigerbbs.com/1a8a95ca4d4386ea26f74abf43e6e9da\" tg-width=\"640\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Tesla Q2 2021 Earnings</p>\n<p>The long-term future for Tesla probably includes autonomous vehicles that generate income for their owners. Now, I do not know when or if Tesla will achieve full autonomy; however, I know that Tesla is the closest to solving it with a massive data advantage over competitors. In the meantime, Tesla's expansion in China, Texas, and Germany should enable the company to scale up production to sufficiently meet the robust demand for EVs. Tesla hopes to make ~900K vehicles this year, and Gigafactory Berlin and Gigafactory Austin will likely enter mass production within twelve months. Hence, Tesla has more capacity coming up online soon. Furthermore, Tesla's Model S and Model X production in California is ramping up once again after product refresh, and this could further boost Tesla's revenue and margin numbers.</p>\n<p><img src=\"https://static.tigerbbs.com/1d149bdf1e6e2144cca3a1d7226ee27e\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Tesla Q2 2021 Earnings</p>\n<p>As of today, Tesla is a well-capitalized and well-managed business that has the power to dominate the EV sector for years to come. Rapid multi-year growth looks like a certainty, and consensus analyst estimates suggest that Tesla could generate ~$400B revenues per year by 2031. If Tesla can continue to maintain its pace of innovation and hold onto its technological lead over rival automakers (traditional, startups, and upstarts), I think Tesla could even dwarf these numbers. Tesla's vehicles are akin to laptops on wheels, and once full autonomy is solved, Tesla could generate massive income (and free cash flow) from its installed base (which could run into tens of millions by the end of this decade) much like Apple (AAPL) or Roku (ROKU). Therefore, I am very excited by the future prospects of Tesla.</p>\n<p><img src=\"https://static.tigerbbs.com/e48e7b1046f44701802f1bea6527eb2d\" tg-width=\"640\" tg-height=\"629\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Seeking Alpha Earnings Estimates</p>\n<p>With that being said, investments cannot be based on love for fiction. As a quantamental investor, I like to take a rules-based approach for my investment operations. Let us determine Tesla's fair value and expected returns to gauge if it is a suitable investment at this time.</p>\n<p><b>Tesla's Intrinsic Value And Expected Returns</b></p>\n<p>To determine Tesla's intrinsic value, we will employ our proprietary valuation model. Here's what it entails:</p>\n<ul>\n <li><p>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p></li>\n <li><p>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p></li>\n <li><p>In step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p></li>\n</ul>\n<p><b><i>Assumptions:</i></b></p>\n<p><img src=\"https://static.tigerbbs.com/ce74aad82354f546e5dbac6948e3e725\" tg-width=\"609\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><i>Here are the results:</i></p>\n<p><img src=\"https://static.tigerbbs.com/cec2373351c5bbc40367f09d391e10e6\" tg-width=\"609\" tg-height=\"733\" referrerpolicy=\"no-referrer\">Source: L.A. Stevens Valuation Model</p>\n<p>As per my estimation, Tesla is worth ~$480 per share, i.e., it is currently overvalued by ~58%. Now, paying a premium for a revolutionary company like Tesla could be worth a punt; however, investors buying in at ~$760 are looking at market returns. Since Tesla is probably the easiest (and most known) way to play the EV revolution, investors have piled into the stock, diminishing hopes of long-term alpha generation.</p>\n<p><img src=\"https://static.tigerbbs.com/eaca773ce57e2084b5b4901112da7f17\" tg-width=\"602\" tg-height=\"427\" referrerpolicy=\"no-referrer\">Source: L.A. Stevens Valuation Model</p>\n<p>Over the next ten years, Tesla's share price could grow from $760 to $2,070 at a CAGR rate of 10.53%. These expected returns are in line with long-term SPY returns; however, they fall short of our investment hurdle rate of 15%. Therefore, I rate Tesla an \"Avoid\" at $760.</p>\n<p><b>Risks</b></p>\n<ul>\n <li><p>In the near term, supply chain shortages could lead to significant production and delivery delays that can hurt Tesla's business and stock price. As you may know, the Cybertruck is delayed, and this will likely affect 2022 projected sales negatively.</p></li>\n <li><p>Although Tesla has a clear technological lead in the EV industry, traditional automakers are poised to flood the market with new EVs in the next year or two. With increasing competition, Tesla could face a demand crunch for the first time in a long, long time. The risk of losing market share to traditional automakers is genuine, and some signs of such a dynamic have been witnessed in European countries such as Norway.</p></li>\n <li><p>Tesla has an installed base of 1M+ vehicles, which means the company has a ton of data powering its autonomous vehicle technology. However, \"real\" FSD (full autonomy) could still be some way off (years) from materializing, even though Elon would like you to believe otherwise.</p></li>\n <li><p>Tesla continues to execute its localization strategy; however, valuation leaves little room for error. As Tesla expands production capacity via expansion in Shanghai and new plants in Texas and Germany, any significant delays could hurt the stock.</p></li>\n <li><p>Elon Musk is a visionary leader; however, he brings massive idiosyncratic risk to Tesla. Elon has had run-ins with the SEC in the past, and he might continue to do so in the future. Elon's actions in relation to Bitcoin are nothing short of corporate governance failures for a company of Tesla's size and stature.</p></li>\n <li>The Big Short, Michael Burry, has shorted Tesla and talked about the potential of a reverse gamma squeeze. Thisvideoexplains how a reverse gamma squeeze would work. I do not think such a drastic downfall is possible for a $750B company, but then we have seen crazier things happen during broad market crashes. Therefore, I am not ruling out a reverse gamma squeeze just yet.</li>\n</ul>\n<p><b>Concluding Thoughts</b></p>\n<p>After a stellar breakout move in 2020, Tesla's stock has been consolidating for the past six months. Although the buzz created by the humanoid announced at Tesla's AI Day event appears to have created some momentum in the stock; however, Tesla is overvalued by ~58%, and in my opinion, the consolidation must continue for another couple of years or so, for the company to become investable once again.</p>\n<p>The EV revolution will materialize (sooner or later), and Tesla will probably continue to lead the charge as our planet moves towards sustainable energy. As you may know, Tesla has a long, long growth runway, and with a visionary like Elon Musk at the helm, this company could achieve absolutely anything. However, I wouldn't be looking to participate in any momentum trades in this counter due to its ridiculous valuation.</p>\n<p>From a long-term investor's perspective, Tesla is finally raking in real profits from its core automotive operations, and that's an important milestone in Tesla's growth story. However, the stock is priced for perfection (and more), and any significant execution setback can trigger a selloff in this counter. Due to unfavorable risk/reward, I am happy to watch Tesla from the sidelines, at least for the time being.</p>\n<p><i><b>Key Takeaway: I rate Tesla an \"Avoid\" at $760.</b></i></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The Real Gamma Squeeze</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla: The Real Gamma Squeeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 14:59 GMT+8 <a href=https://seekingalpha.com/article/4456217-tesla-the-real-gamma-squeeze><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe announcement of a Tesla Bot (humanoid) has reignited momentum in Tesla's stock; however, this move may fizzle out soon.\nTesla's fundamentals do not support its valuation, which remains ...</p>\n\n<a href=\"https://seekingalpha.com/article/4456217-tesla-the-real-gamma-squeeze\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4456217-tesla-the-real-gamma-squeeze","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114645760","content_text":"Summary\n\nThe announcement of a Tesla Bot (humanoid) has reignited momentum in Tesla's stock; however, this move may fizzle out soon.\nTesla's fundamentals do not support its valuation, which remains out of touch with reality after nearly eight months of consolidation.\nI rate Tesla an \"Avoid\" at $760.\n\nIntroduction\nTesla's (TSLA) AI Day event was meant to serve as a hiring event that can attract AI scientists/engineers who could help the EV-leader solve autonomous driving (and probably to develop a humanoid). Although Elon Musk has proven himself to be a visionary leader, he tends to overpromise and underdeliver, and so, we can safely assume that both fully autonomous driving and humanoid projects are at least a few years away from reaching the consumers (if they materialize at all). Now, I can't reliably estimate the success of Tesla's AI Day event in terms of its hiring efforts; however, the humanoid (Tesla Bot) announcement has undoubtedly generated some hype around the company and boosted its stock price.\n\nSource: YCharts\nIn the last month, Tesla's stock has moved up by ~$100, with the MACD indicator turning from negative to positive soon after Tesla's AI Day event. The hype around Tesla Bot has brought the stock back on the radar of retail investors who were initially excited by the idea, according to Google Trends data. However, the stock is getting close to being overbought (RSI at 65.4), and the MACD indicator has turned neutral from bullish. Hence, the humanoid hype rally may soon blow over, and Tesla could resume its consolidation.\n\nSource:Google Trends\nDuring the AI Day event, Carnegie Mellon University's Computer Engineering Professor, Raj Rajkumar, asked - \"Is Tesla Bot the next dream shot to pump up the hype machine?\" In reply, Musk said,\n\n I can safely say that it will be much longer than 10 years before a humanoid bot from any company on the planet can go to the store and get groceries for you.\n\nWhen Musk himself is not expecting the delivery of a commercial humanoid for a decade, I do not understand the logic behind some analysts upgrading Tesla's valuation on this bizarre project. Tesla is struggling to make autonomous driving work, as evidenced by repeat accidents associated with its Autopilot technology (the company's Autopilot system is being probed by NHTSA); I see no reason to cheer the announcement of a humanoid prototype that we may not see until 2025 (if Musk'sgeneral moonshot delivery timelines(delays) are repeated).\nAlthough Tesla's business fundamentals have been improving consistently over the years, multiple expansion is the primary driver of Tesla's price action. Tesla's Q2 report showed that the company's profitability is finally coming from core operations and is no longer dependent on EV credits or bitcoins. However, Tesla's fundamentals need more time to catch up to its valuation. As a technology enthusiast, I would love to see Tesla succeed, and I want to own more of such a revolutionary company, but my investing principles have kept me away from adding to my long position in this company over the last eighteen months due to valuation concerns.\nIn today's article, I will share my thinking around Tesla's recent price action (and, by extension, valuation), followed by an analysis of its fundamentals. We will further derive Tesla's fair value and expected returns to gauge if a fresh investment makes sense after the consolidation of the past six months. Lastly, I will discuss some of the investment risks associated with Tesla.\nTesla: The Real Gamma Squeeze\nEven before the meme stock craze became a thing in late 2020, Tesla's stock was trading in a similar vein to the likes of GameStop (GME), AMC Entertainment Holdings (AMC), and other such \"meme\" stocks. Tesla has been a retail favorite for years, and Tesla's fanboys have hit the jackpot with their investments in the company. In just a short space of twenty-four months, Tesla's stock has rallied by nearly +1500% (or 16x). Tesla's rise hasn't been as rapid as what we have witnessed with GameStop or AMC; however, it certainly resembles a typical squeeze, and the move up could have taken longer due to Tesla's scale.\n\nSource:YCharts\nSome Tesla bulls point to its 8-year underperformance before 2019 and claim that the stock just caught up to its intrinsic value, and to be fair, this is somewhat true. Tesla's business fundamentals have been improving consistently over the years; however, I believe that the primary driver of Tesla's stock is an absurd trading multiple expansion from ~2x P/S to ~20x P/S based on irrational market exuberance spurred on by a combination of factors such as short unwinding (Tesla's Short Interest has gone down from 218M shares [30% of float] to 27.5M shares [3% of float] after peaking in May 2019), gamma squeezes (retail investors [fanboys] buying OTM calls), addition to SP500 (forced index buying of more than $100B), etc.\n\nSource: YCharts\nTesla now commands the valuation of a high-margin SaaS business (which it clearly isn't). In all fairness, Tesla is a capital-intensive, low-margin automotive business, which has the potential to become a SaaS-like company someday. In recent times, several analysts have lauded Tesla's move to offer FSD as a monthly subscription service (at $99 a month for Enhance Autopilot customers and $199 a month for others); however, they fail to mention that Tesla's subscription offering comes at the cost of a $10,000 upfront payment. To be fair, I do expect the subscription service to be a success; however, it is unlikely to be a game-changer for Tesla (unless full autonomy is achieved).\n\nSource: YCharts\nTesla has a massive growth runway in front of itself with clear product and technology lead expected to result in rapid growth over the next decade. However, the price investors are being asked to pay for Tesla (Price to FCF ratio of ~330x) is completely out of whack with reality. As you may know, rapidly growing, high-margin businesses tend to trade at premium valuations; however, I have never come across any situation quite like this one. I would like to reiterate, Tesla is not a high-margin SaaS company, and even if it can be one, the current multiple being asked for it is not in touch with reality. The high-growth universe has many better alternatives for capital allocation, and buying Tesla at this valuation makes little sense for investors seeking alpha.\nWhere Do The Fundamentals Stand Today?\nCurrently, Tesla's fundamentals do not support its valuation; however, that doesn't mean they never will. Tesla is a company that's growing each day, and the business momentum looks strong. In the last twelve months, Tesla recorded $2.6B of free cash flow on the back of robust revenues of ~$42B. While the gross margins have some improvement from 2019 lows, Tesla's operating margins keep getting better and better with every passing quarter.\n\nSource: YCharts\nIn Q2 2021, Tesla's revenue came in hot at ~$11.96B, up 98% y/y. Furthermore, we saw an even sharper jump in gross profits as GAAP gross margins improved from 21% to 24.1%. The ~300 basis point jump in gross margins resulted in a ~550 basis point improvement in operational margins.\n\nSource:Tesla Q2 2021 Earnings\nTesla has recorded positive net income for the last five quarters; however, Q2 was the first instance where profitability came from core operations and wasn't tied to EV credits or speculative investments like Bitcoin. Overall, Tesla is doing extremely well from a business perspective. Tesla's CFO, Zachary Kirkhorn, deserves plaudits for smart capital raises through equity sales. Today, Tesla's balance sheet is flush with cash (~$16B), which is in stark contrast to past times when Tesla used to operate precariously close to bankruptcy.\n\nSource:Tesla Q2 2021 Earnings\nThe long-term future for Tesla probably includes autonomous vehicles that generate income for their owners. Now, I do not know when or if Tesla will achieve full autonomy; however, I know that Tesla is the closest to solving it with a massive data advantage over competitors. In the meantime, Tesla's expansion in China, Texas, and Germany should enable the company to scale up production to sufficiently meet the robust demand for EVs. Tesla hopes to make ~900K vehicles this year, and Gigafactory Berlin and Gigafactory Austin will likely enter mass production within twelve months. Hence, Tesla has more capacity coming up online soon. Furthermore, Tesla's Model S and Model X production in California is ramping up once again after product refresh, and this could further boost Tesla's revenue and margin numbers.\n\nSource:Tesla Q2 2021 Earnings\nAs of today, Tesla is a well-capitalized and well-managed business that has the power to dominate the EV sector for years to come. Rapid multi-year growth looks like a certainty, and consensus analyst estimates suggest that Tesla could generate ~$400B revenues per year by 2031. If Tesla can continue to maintain its pace of innovation and hold onto its technological lead over rival automakers (traditional, startups, and upstarts), I think Tesla could even dwarf these numbers. Tesla's vehicles are akin to laptops on wheels, and once full autonomy is solved, Tesla could generate massive income (and free cash flow) from its installed base (which could run into tens of millions by the end of this decade) much like Apple (AAPL) or Roku (ROKU). Therefore, I am very excited by the future prospects of Tesla.\n\nSource:Seeking Alpha Earnings Estimates\nWith that being said, investments cannot be based on love for fiction. As a quantamental investor, I like to take a rules-based approach for my investment operations. Let us determine Tesla's fair value and expected returns to gauge if it is a suitable investment at this time.\nTesla's Intrinsic Value And Expected Returns\nTo determine Tesla's intrinsic value, we will employ our proprietary valuation model. Here's what it entails:\n\nIn step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.\nIn step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).\nIn step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.\n\nAssumptions:\nHere are the results:\nSource: L.A. Stevens Valuation Model\nAs per my estimation, Tesla is worth ~$480 per share, i.e., it is currently overvalued by ~58%. Now, paying a premium for a revolutionary company like Tesla could be worth a punt; however, investors buying in at ~$760 are looking at market returns. Since Tesla is probably the easiest (and most known) way to play the EV revolution, investors have piled into the stock, diminishing hopes of long-term alpha generation.\nSource: L.A. Stevens Valuation Model\nOver the next ten years, Tesla's share price could grow from $760 to $2,070 at a CAGR rate of 10.53%. These expected returns are in line with long-term SPY returns; however, they fall short of our investment hurdle rate of 15%. Therefore, I rate Tesla an \"Avoid\" at $760.\nRisks\n\nIn the near term, supply chain shortages could lead to significant production and delivery delays that can hurt Tesla's business and stock price. As you may know, the Cybertruck is delayed, and this will likely affect 2022 projected sales negatively.\nAlthough Tesla has a clear technological lead in the EV industry, traditional automakers are poised to flood the market with new EVs in the next year or two. With increasing competition, Tesla could face a demand crunch for the first time in a long, long time. The risk of losing market share to traditional automakers is genuine, and some signs of such a dynamic have been witnessed in European countries such as Norway.\nTesla has an installed base of 1M+ vehicles, which means the company has a ton of data powering its autonomous vehicle technology. However, \"real\" FSD (full autonomy) could still be some way off (years) from materializing, even though Elon would like you to believe otherwise.\nTesla continues to execute its localization strategy; however, valuation leaves little room for error. As Tesla expands production capacity via expansion in Shanghai and new plants in Texas and Germany, any significant delays could hurt the stock.\nElon Musk is a visionary leader; however, he brings massive idiosyncratic risk to Tesla. Elon has had run-ins with the SEC in the past, and he might continue to do so in the future. Elon's actions in relation to Bitcoin are nothing short of corporate governance failures for a company of Tesla's size and stature.\nThe Big Short, Michael Burry, has shorted Tesla and talked about the potential of a reverse gamma squeeze. Thisvideoexplains how a reverse gamma squeeze would work. I do not think such a drastic downfall is possible for a $750B company, but then we have seen crazier things happen during broad market crashes. Therefore, I am not ruling out a reverse gamma squeeze just yet.\n\nConcluding Thoughts\nAfter a stellar breakout move in 2020, Tesla's stock has been consolidating for the past six months. Although the buzz created by the humanoid announced at Tesla's AI Day event appears to have created some momentum in the stock; however, Tesla is overvalued by ~58%, and in my opinion, the consolidation must continue for another couple of years or so, for the company to become investable once again.\nThe EV revolution will materialize (sooner or later), and Tesla will probably continue to lead the charge as our planet moves towards sustainable energy. As you may know, Tesla has a long, long growth runway, and with a visionary like Elon Musk at the helm, this company could achieve absolutely anything. However, I wouldn't be looking to participate in any momentum trades in this counter due to its ridiculous valuation.\nFrom a long-term investor's perspective, Tesla is finally raking in real profits from its core automotive operations, and that's an important milestone in Tesla's growth story. However, the stock is priced for perfection (and more), and any significant execution setback can trigger a selloff in this counter. Due to unfavorable risk/reward, I am happy to watch Tesla from the sidelines, at least for the time being.\nKey Takeaway: I rate Tesla an \"Avoid\" at $760.","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860473073,"gmtCreate":1632204898792,"gmtModify":1676530725074,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharin for likes","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharin for likes","text":"$Visa(V)$Sharin for 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631887879,"share":"https://www.laohu8.com/m/news/1171574345?lang=&edition=full","pubTime":"2021-09-17 22:11","market":"us","language":"en","title":"Big Tech shares slid in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1171574345","media":"Tiger Newspress","summary":"Big Tech shares slid in morning trading.Apple,Microsoft,Alphabet and Facebook fell about 1%.","content":"<p>Big Tech shares slid in morning trading.Apple,Microsoft,Alphabet and Facebook fell about 1%.</p>\n<p><img src=\"https://static.tigerbbs.com/e49451789aace23ecef6daa125c80847\" tg-width=\"409\" tg-height=\"358\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech shares slid in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech shares slid in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-17 22:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Big Tech shares slid in morning trading.Apple,Microsoft,Alphabet and Facebook fell about 1%.</p>\n<p><img src=\"https://static.tigerbbs.com/e49451789aace23ecef6daa125c80847\" tg-width=\"409\" tg-height=\"358\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","NFLX":"奈飞","GOOG":"谷歌","GOOGL":"谷歌A","MSFT":"微软","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171574345","content_text":"Big Tech shares slid in morning trading.Apple,Microsoft,Alphabet and Facebook fell about 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","text":"commenting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/891432898","repostId":"1180529438","repostType":4,"repost":{"id":"1180529438","pubTimestamp":1628386129,"share":"https://www.laohu8.com/m/news/1180529438?lang=&edition=full","pubTime":"2021-08-08 09:28","market":"us","language":"en","title":"SEC Moves First DeFi Unregistered Securities Lawsuit","url":"https://stock-news.laohu8.com/highlight/detail?id=1180529438","media":"Benzinga","summary":"The United States Securities and Exchange Commission sued the organization responsible for the development of a decentralized finance protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported","content":"<p>The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.</p>\n<p><b>What Happened:</b> According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.</p>\n<p>The SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.</p>\n<p><b>New Game, Old Rules?</b></p>\n<p>SEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.</p>\n<p>The SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.</p>\n<p>In a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.</p>\n<p><b>What's Next:</b>If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force <b>Ethereum's</b> (CRYPTO: ETH) core development team to write an update stopping such a project?</p>\n<p>If the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Moves First DeFi Unregistered Securities Lawsuit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC Moves First DeFi Unregistered Securities Lawsuit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-08 09:28 GMT+8 <a href=https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/08/22378359/sec-moves-first-defi-unregistered-securities-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180529438","content_text":"The United States Securities and Exchange Commission (SEC) sued the organization responsible for the development of a decentralized finance (DeFi) protocol over activities involved with the project for the first time.\nWhat Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purportedly sold over $30 million worth of two types of tokens that the SEC deemed to be securities that should have been registered as such.\nThe SEC notes that Blockchain Credit Partners founders Gregory Keough and Derek Acree will have to pay fines of $125,000 while the company itself also agreed to pay $12.8 million in disgorgement. The settlement does not indicate an admition or denial the accusations.\nNew Game, Old Rules?\nSEC Enforcement Director Gurbir Grewal explained that \"full and honest disclosure remains the cornerstone of our securities laws — no matter what technologies are used to offer and sell those securities.\" This comment makes it very clear that slapping the DeFi label on a project and hoping to avoid regulation this way works no better than calling it a \"utility token\" prevented falling under the SEC's scrutiny during 2017's initial coin offering craze.\nThe SEC is trying to send the clear rule that the new kind of financial organizations that operate on blockchains have to still play by the old rules that govern traditional finance. At the same time, market onlookers are not sure if the regulator is actually right.\nIn a way, it is a tour de force where the regulator wins every time it has a way to take enforcement action, but these new organizations potentially have a very real way to make enforcement impossible — or at the very least impractical. The only protection against enforcement by the SEC and other regulators is decentralization and the only reason why the SEC was able to act in this case is that a centralized organization such as Blockchain Credit Partners exists.\nWhat's Next:If no company exists and all that there is to a DeFi protocol is a set of smart contracts deployed on a blockchain by a group of anonymous developers scattered around the world there is very little that the SEC can do short of attacking the blockchain itself. This is where the decentralization of the underlying blockchain comes into play: will the regulators for instance be able to force Ethereum's (CRYPTO: ETH) core development team to write an update stopping such a project?\nIf the regulators would actually be able to force the blockchain's developers to write such an update, would node operators and miners or stakers adopt this software or would they refuse to? Such situations will be the real test of the decentralization and reliability of any blockchain that many are waiting to happen. Regulators are seeing power slipping away between their fingers like sand, and they are going to try to grab it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893946158,"gmtCreate":1628233348274,"gmtModify":1703503644951,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"like and comment","listText":"like and comment","text":"like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/893946158","repostId":"1124984704","repostType":4,"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814303850,"gmtCreate":1630755594870,"gmtModify":1676530390745,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Sharing for likes","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Sharing for likes","text":"$Tesla Motors(TSLA)$Sharing for likes","images":[{"img":"https://static.tigerbbs.com/a4c68f5ceb62a22d3a54e72f8d3f8184","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/814303850","isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":892576150,"gmtCreate":1628678257670,"gmtModify":1676529818172,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>like and comment pls thanks","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>like and comment pls thanks","text":"$Tesla Motors(TSLA)$like and comment pls thanks","images":[{"img":"https://static.tigerbbs.com/480732457e29ec3eee8930e8c460d538","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892576150","isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895821799,"gmtCreate":1628734339911,"gmtModify":1676529836022,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>help comment and like thanks!","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>help comment and like thanks!","text":"$Visa(V)$help comment and like thanks!","images":[{"img":"https://static.tigerbbs.com/1da1be0842746ffaca7d69b11e4e07f6","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/895821799","isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891773942,"gmtCreate":1628436582286,"gmtModify":1703506224939,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"wow tiktok","listText":"wow tiktok","text":"wow tiktok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/891773942","repostId":"2157490509","repostType":4,"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817777594,"gmtCreate":1630994230418,"gmtModify":1676530437529,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharing for likes","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharing for likes","text":"$Visa(V)$Sharing for likes","images":[{"img":"https://static.tigerbbs.com/9e460b52467ed7cebd1dd12d7505f442","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817777594","isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":832794189,"gmtCreate":1629677503641,"gmtModify":1676530091552,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>lets go!! ","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>lets go!! ","text":"$Tesla Motors(TSLA)$lets go!!","images":[{"img":"https://static.tigerbbs.com/3a72efc9d417f35d08aeb718f7107c0b","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/832794189","isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":896304964,"gmtCreate":1628554701858,"gmtModify":1703507947595,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>like and comment pls thanks","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>like and comment pls thanks","text":"$Tesla Motors(TSLA)$like and comment pls thanks","images":[{"img":"https://static.tigerbbs.com/077d0c55327286fa9161bd3cd56cf28e","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896304964","isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891403073,"gmtCreate":1628405940192,"gmtModify":1703505961497,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"tesla will go to 3k a share i suppose in e long run","listText":"tesla will go to 3k a share i suppose in e long run","text":"tesla will go to 3k a share i suppose in e long run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/891403073","repostId":"1159872041","repostType":4,"repost":{"id":"1159872041","pubTimestamp":1628385224,"share":"https://www.laohu8.com/m/news/1159872041?lang=&edition=full","pubTime":"2021-08-08 09:13","market":"us","language":"en","title":"Tesla Stock: Headed to $1,200?","url":"https://stock-news.laohu8.com/highlight/detail?id=1159872041","media":"Motley Fool","summary":"Tesla deliveries more than doubled year over year in Q2.Rising demand for electric vehicles could benefit Tesla.Investors should exercise caution when it comes to analysts' price targets.It's been a wild year for Teslastock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.In February,Piper Sandler analys","content":"<p><b>Key Points</b></p>\n<ul>\n <li>Tesla deliveries more than doubled year over year in Q2.</li>\n <li>Rising demand for electric vehicles could benefit Tesla.</li>\n <li>Investors should exercise caution when it comes to analysts' price targets.</li>\n</ul>\n<p>It's been a wild year for <b>Tesla</b>(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the <b>S&P 500</b>'s 18% gain this year.</p>\n<p>But one analyst thinks the stock could take off.</p>\n<p><b>\"We still really like this stock.\"</b></p>\n<p>In February,<b>Piper Sandler</b> analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.</p>\n<p>Following Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.</p>\n<p>Further, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.</p>\n<p>On Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.</p>\n<p><b>So what gives?</b></p>\n<p>If shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.</p>\n<p>The issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.</p>\n<p>Investors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.</p>\n<p>While a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock: Headed to $1,200?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock: Headed to $1,200?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-08 09:13 GMT+8 <a href=https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nTesla deliveries more than doubled year over year in Q2.\nRising demand for electric vehicles could benefit Tesla.\nInvestors should exercise caution when it comes to analysts' price targets...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/08/07/tesla-stock-headed-to-1200/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159872041","content_text":"Key Points\n\nTesla deliveries more than doubled year over year in Q2.\nRising demand for electric vehicles could benefit Tesla.\nInvestors should exercise caution when it comes to analysts' price targets.\n\nIt's been a wild year for Tesla(NASDAQ:TSLA)stock. When the year started, shares initially surged more than 20%. But the stock has now given up all of those gains, with a year-to-date return of negative 1%. This means the stock has significantly underperformed the S&P 500's 18% gain this year.\nBut one analyst thinks the stock could take off.\n\"We still really like this stock.\"\nIn February,Piper Sandler analyst Alexander Pottermade a bold call, boosting his 12-month price target for thegrowth stockfrom $515 to $1,200. He said Tesla deliveries could increase from 500,000 vehicles in 2020 to nearly 900,000 this year. Of course, this projection was made before global supply shortages worsened. Nevertheless, Tesla is growing extremely rapidly. The company's second-quarter deliveries more than doubled compared to the year-ago quarter, rising to 201,304.\nFollowing Tesla's second-quarter earnings release late last month, the analyst reiterated this target, noting that the company looks poised to benefit from market share gains, the monetization of the company's Autopilot software, and \"underappreciated opportunities\" in Tesla's energy business, which includes revenue from battery energy storage and solar energy generation products.\nFurther, Potter pointed to Tesla's strong second-quarter operating margin of 11%, which he expects will see incremental improvement from Tesla's recently launched Autopilot subscription.\nOn Aug. 3, Potter once again reiterated an overweight rating on the stock and a $1,200 price target, saying \"We still really like this stock.\" He pointed to growing demand for battery electric vehicles overall.\nSo what gives?\nIf shares could truly rise to $1,200, why do so many investors seem to think the stock is worth so much less (based on the stock's price of just under $700 at the time of this writing). After all, if $1,200 was generally viewed by investors as a likely outcome for Tesla stock within the next 12 months, shares would be trading significantly higher today.\nThe issue boils down to the stock's forward-looking valuation. With a price-to-earnings ratio of about 370 at the time of this writing, Tesla shares are largely priced for strong growth for years to come. Since the company's valuation is based largely on profits far into the future, slight variances in views for Tesla's future growth trajectory yield dramatically different assumptions about the stock's intrinsic value today.\nInvestors, therefore, shouldn't be quick to buy Tesla stock just because one analyst has a high price target for shares. Still, Potter does notably have some good points about Tesla's strong business momentum. Even Tesla itself reiterated guidance for vehicle deliveries to grow more than 50% this year -- and that guidance was provided during a time that many companies around the world (including Tesla) are negatively impacted by supply chain shortages. Further, Tesla management noted in its second-quarter update that demand for its vehicles was at an all-time high going into Q3.\nWhile a $1,200 price target for Tesla stock would be difficult to justify, shares may be trading low enough for investors to start a small position in the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801891515,"gmtCreate":1627497638537,"gmtModify":1703491137780,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>to the moon!","listText":"<a href=\"https://laohu8.com/S/ME8U.SI\">$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$</a>to the moon!","text":"$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$to the moon!","images":[{"img":"https://static.tigerbbs.com/a074824ac3ca7cd919fe5ee1ecfc9c8e","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801891515","isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":889559587,"gmtCreate":1631161071649,"gmtModify":1676530483985,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharing for likes","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>Sharing for likes","text":"$Visa(V)$Sharing for likes","images":[{"img":"https://static.tigerbbs.com/4e6a8284bb27585269f4d13967060ec8","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889559587","isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":810917541,"gmtCreate":1629939238483,"gmtModify":1676530177138,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>sharing :)","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>sharing :)","text":"$Tesla Motors(TSLA)$sharing :)","images":[{"img":"https://static.tigerbbs.com/5fd8b04ca2aa2cd6b3696f708f80f2f4","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810917541","isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":837920078,"gmtCreate":1629853261294,"gmtModify":1676530151172,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>just sharing","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>just sharing","text":"$Tesla Motors(TSLA)$just sharing","images":[{"img":"https://static.tigerbbs.com/1b89b163da3d54631174ddb9cd870b7e","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/837920078","isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":891401601,"gmtCreate":1628406015503,"gmtModify":1703505963768,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"like and comment thanks","listText":"like and comment thanks","text":"like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/891401601","repostId":"1190347839","repostType":4,"isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899151763,"gmtCreate":1628170803652,"gmtModify":1703502491882,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"hmmmm looks like a dead company","listText":"hmmmm looks like a dead company","text":"hmmmm looks like a dead company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899151763","repostId":"1164213999","repostType":4,"repost":{"id":"1164213999","pubTimestamp":1628168662,"share":"https://www.laohu8.com/m/news/1164213999?lang=&edition=full","pubTime":"2021-08-05 21:04","market":"us","language":"en","title":"Nintendo Needs More Than Flashy Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1164213999","media":"The Wall Street Journal","summary":"A big share buyback will help cushion the blow from disappointing results, but isn’t a strategy for ","content":"<blockquote>\n A big share buyback will help cushion the blow from disappointing results, but isn’t a strategy for the future.\n</blockquote>\n<p>A surprise share buyback from Japanese gaming champion <a href=\"https://laohu8.com/S/NTDOF\">Nintendo Co., Ltd.</a> should help soothe investors who have held on as the stock dropped more than 10% this year.</p>\n<p>Nintendo is clearly cash rich, but it needs to articulate a clearer vision for the future as the stay-at-home boost from the pandemic fades.</p>\n<p>The Japanese game company on Thursday reported a 17% decline in operating profit for the quarter ending in June, while revenue dropped 10%—both lower than analysts’ estimates on S&P Global Market Intelligence. Nintendo’s profit decline isn’t a surprise given its exceptional performance last year due to stay-at-home demand. The company sold fewer of its Switch consoles and games during the quarter, compared with the same period last year. “Animal Crossing: <a href=\"https://laohu8.com/S/NGD\">New</a> Horizons,” released in April last year, isone of its fastest-selling games. Component shortages also continue to be an issue in production and distribution of its consoles.</p>\n<p><img src=\"https://static.tigerbbs.com/b38cf9edfa865e3ae218e7f218ee829b\" tg-width=\"327\" tg-height=\"412\" referrerpolicy=\"no-referrer\">What surprised investors is Nintendo’s decision to spend up to ¥100 billion, the equivalent of $910 million, to buy back 1.51% of its own stock. Buybacks arerare for the Japanese company—last <a href=\"https://laohu8.com/S/AONE.U\">one</a> was around ¥30 billion in 2019. <a href=\"https://laohu8.com/S/ISBC\">Investors</a> have long hoped Nintendo wouldimprove its capital allocation. The company is sitting on around $10 billion of cash as well as nearly $6 billion of securities. Nintendo said its strong cash position, due to better-than-expected business from Switch, is the reason for the buyback. That seems to indicate it could just be a one-off since the boost from Covid-19 likely won’t be repeated.</p>\n<p>The rare buyback will likely boost Nintendo’s share price in the short term, but the company needs to prepare for leaner times ahead too. The stock has dropped 14% this year, underperforming the broader Japanese market as well as peers such asSony.One worry is thetraditionally cyclical natureof the console business. The pandemic has probably prolonged the cycle, but the Switch console is likely past the middle, entering its fifth year. Growing Nintendo’s online business would help improve margins. Better use of its popular intellectual properties could also help diversify income sources.</p>\n<p>Nintendo reaped a windfall from the pandemic. Now it needs to convince investors it has a plan for the world after.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nintendo Needs More Than Flashy Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNintendo Needs More Than Flashy Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 21:04 GMT+8 <a href=https://www.wsj.com/articles/nintendo-needs-more-than-flashy-buybacks-11628159382?mod=markets_lead_pos10><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A big share buyback will help cushion the blow from disappointing results, but isn’t a strategy for the future.\n\nA surprise share buyback from Japanese gaming champion Nintendo Co., Ltd. should help...</p>\n\n<a href=\"https://www.wsj.com/articles/nintendo-needs-more-than-flashy-buybacks-11628159382?mod=markets_lead_pos10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NTDOF":"Nintendo Co., Ltd.","NTDOY":"任天堂"},"source_url":"https://www.wsj.com/articles/nintendo-needs-more-than-flashy-buybacks-11628159382?mod=markets_lead_pos10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164213999","content_text":"A big share buyback will help cushion the blow from disappointing results, but isn’t a strategy for the future.\n\nA surprise share buyback from Japanese gaming champion Nintendo Co., Ltd. should help soothe investors who have held on as the stock dropped more than 10% this year.\nNintendo is clearly cash rich, but it needs to articulate a clearer vision for the future as the stay-at-home boost from the pandemic fades.\nThe Japanese game company on Thursday reported a 17% decline in operating profit for the quarter ending in June, while revenue dropped 10%—both lower than analysts’ estimates on S&P Global Market Intelligence. Nintendo’s profit decline isn’t a surprise given its exceptional performance last year due to stay-at-home demand. The company sold fewer of its Switch consoles and games during the quarter, compared with the same period last year. “Animal Crossing: New Horizons,” released in April last year, isone of its fastest-selling games. Component shortages also continue to be an issue in production and distribution of its consoles.\nWhat surprised investors is Nintendo’s decision to spend up to ¥100 billion, the equivalent of $910 million, to buy back 1.51% of its own stock. Buybacks arerare for the Japanese company—last one was around ¥30 billion in 2019. Investors have long hoped Nintendo wouldimprove its capital allocation. The company is sitting on around $10 billion of cash as well as nearly $6 billion of securities. Nintendo said its strong cash position, due to better-than-expected business from Switch, is the reason for the buyback. That seems to indicate it could just be a one-off since the boost from Covid-19 likely won’t be repeated.\nThe rare buyback will likely boost Nintendo’s share price in the short term, but the company needs to prepare for leaner times ahead too. The stock has dropped 14% this year, underperforming the broader Japanese market as well as peers such asSony.One worry is thetraditionally cyclical natureof the console business. The pandemic has probably prolonged the cycle, but the Switch console is likely past the middle, entering its fifth year. Growing Nintendo’s online business would help improve margins. Better use of its popular intellectual properties could also help diversify income sources.\nNintendo reaped a windfall from the pandemic. Now it needs to convince investors it has a plan for the world after.","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885692068,"gmtCreate":1631782549154,"gmtModify":1676530634522,"author":{"id":"4087650771595550","authorId":"4087650771595550","name":"Ivans86","avatar":"https://static.tigerbbs.com/4aef3e19c994f17b7794d7dfad3df42f","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Woo","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Woo","text":"$Tesla Motors(TSLA)$Woo","images":[{"img":"https://static.tigerbbs.com/2503e5e4b0c07ff4c165346c38c2ee39","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885692068","isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}