Like as if Morgan Stanley  didn't know that tariffs were coming . 

Before all the so called Robotics takes place .. folks will dump Tesla cars . As it stands , the Tesla value of Tesla cars is plummeting.  If we look at yearly growth , Tesla sales actually declined in 2024z Mush has guided for growrh in 2025, but frankly that looks like a stretch coz Chin Se buyers are likely to give it a miss given the political tension between The Musk led US administration and China. Next China is already leading in robotics and the notion that Musk's a robots will replace US workers is a piped dream.. it would be essentially ceding control over to Musk. Corporate America will certainly hedge their bets . meanwhile Tesla is likely to hit $300 by  1H25. almost half of Wedbush's $ 550 target.

ROIC is historical and means little unless they have a strategy to maintain that . With so much funds allocated to buy backs at elevated levels , i think the argument for superior ROIC is spurious . Fact is that consumers have greater choice now , including Deepseek and Apple is unlikely to be able to monetise Apple Iintelligence for a subscription fee. Conclusion: Apple is overvalued and Buffett is right 

Absurd rise in share price .. is t he US consumer Gona shell out additional funds just because of AI feature ? Just ridiculous..the fact that Apple have not said how they will monetise the AI feature speaks volumes about their confidence level , yet analysts go berserk with the share price target .

Why is Reuters quoting an obscure Visible alpha's estimates instead of consensus numbers ? Seems dodgy.. 

Baidu has US$25b in cash .. It's market cap is now USS$33b.. which means that 77% of market cap is cash. imagine that. If you exclude cash, then the stock is trading at US$8b/ US$1.8b( annualised FCF) or about 4.3x FCF.  The decline in the stock price is a bear raid.. and is totally devoid of fundamentals .. unfortunately analysts are silent.. am a bit at US$94.0

Disagree about SGX and Fraser's Centrepoint . On SGX.. delimiting have exceeded new  Listings.  volume on Sg bourse continues to Decline and Gen Y is only interested in trading US stocks and crypto.  Liquidity is abysmal. On Fraser Centrepoint , while mall locations are good.. consumer spending is hollowi g out and inflation is decreasing g purchasing power . The ability to raise rental is questionable.

The fact that Tesla in January guided for stronger sales in 2026 could be seen as highly deceptive . The company should have known that tariffs and Trinp's policies against China nd Europe and Musk's involvement in Doge would have an impact on sales.

They should have highlighted the steep over valuation earlier and also question the logic of 20-30% sales growth that musk touted for 2025.

If autonomous driving is reason to buy Tesla , one is better off looking at Baidu which already has autonomous vehicles . Tesla's earnings weee supported by govt credits without which it would have missed expectations. 

Very good REIT Analyst

Truth hurts for some. See u at 200.

Grossly overvalued .. he never provided details on his valuation or his terminal growth assumption which is key in DCF analysis. Also it's a mistake to use FCF margin as a guide As capex level varies . 

US analysts just invented a new valuation matrix. price / Trump. That's how absurd the U.S. mkt is.. The analysts are openly saying that earnings and cash flow don't matter.

The rationale for downgrading is not historical earnings but bawd on their expectation that NIM will decline.