Tesla Bull Case "More Intact" Than Ever Claims Gerber, Earnings Will Plummet Argues Gordon Johnson

StreetInsider2023-01-20

In a Bull vs. Bear debate on Tesla (NASDAQ: TSLA) Thursday afternoon, hosted by Investing.com and Street Insider.com, GLJ Research analyst Gordon Johnson and Co-Founder, President, and CEO of Gerber ...

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sydboy007
·2023-01-20
2023 is the year of the 4680. This will be the limiting factor for Tesla to increase vehicle production. If they can't ramp up much faster than they have, their growth won't be that great this year.
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- 愛我幸福满满:
  K
  2023-03-03
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Slee49
·2023-01-20
Ok
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LimBT
·2023-01-20
ok
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来人
·2023-01-20
Ok
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Little Froggy
·2023-01-20
Wow.
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Guavaxf30
·2023-01-20
Very interesting views. But I subscribed more towards the views of Gordon Johnson. The reason being simply the prices cuts may not deliver the growth that Tesla needs. Too many other things to worry about, most important being with recession and job cuts, big ticket spending will be the first to go.
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The analyst said he \"couldn't disagree more\" with Gerber's argument and started by clarifying that his firm's research estimates that the price cuts come in at around $7,250 on average across all of Tesla's cars.\"If you look at their profit per car in Q3, it was around $12,797. They just cut prices by $7,250, so the new implied profit per car on these cuts is $5547,\" explains Johnson. \"That's a 56.7% hit to their margin on these price cuts.\"Johnson argues that for Tesla to get back to profit/breakeven, it will need to grow unit sales by 167.2% year-over-year in 2023. \"What that also means is that their roughly 26% auto gross profit would drop to about 12.5%,\" he adds, going on to explain that in 2023, Tesla is \"going to do around $2.18,\" referring to Tesla's EPS, with the current consensus estimate being $4.20.\"You're talking about a company that's going to see its earnings drop from 2022 to 2023 based on these price cuts and assuming no more price cuts of just under 50%. That would put their forward multiple today at 58.2x\" said Johnson.\"This is just a car company,\" expressed the GLJ analyst, \"this is not a growth company anymore.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9956763451,"gmtCreate":1674206646973,"gmtModify":1676538930438,"author":{"id":"4133775735376252","authorId":"4133775735376252","name":"sydboy007","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4133775735376252","authorIdStr":"4133775735376252"},"htmlText":"2023 is the year of the 4680. This will be the limiting factor for Tesla to increase vehicle production. If they can't ramp up much faster than they have, their growth won't be that great this year.","listText":"2023 is the year of the 4680. This will be the limiting factor for Tesla to increase vehicle production. If they can't ramp up much faster than they have, their growth won't be that great this year.","text":"2023 is the year of the 4680. This will be the limiting factor for Tesla to increase vehicle production. If they can't ramp up much faster than they have, their growth won't be that great this year.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956763451","repostId":2304162746,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105931789,"gmtCreate":1677784111393,"gmtModify":1677784114616,"authorId":4096441058848730,"author":{"id":4096441058848730,"idStr":"4096441058848730","authorId":4096441058848730,"name":"愛我幸福满满","avatar":"https://static.tigerbbs.com/4c1e5d6862241d7fc2d5fab17f3a2ba0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956763451,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>"}],"langContent":"EN"},{"id":9956769400,"gmtCreate":1674206024201,"gmtModify":1676538930339,"author":{"id":"3581993357014262","authorId":"3581993357014262","name":"Slee49","avatar":"https://static.tigerbbs.com/a4a9c556617a3ec3446f5c1c667b4aa0","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3581993357014262","authorIdStr":"3581993357014262"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956769400","repostId":2304162746,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956769065,"gmtCreate":1674205496157,"gmtModify":1676538930315,"author":{"id":"4134278158747952","authorId":"4134278158747952","name":"LimBT","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4134278158747952","authorIdStr":"4134278158747952"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956769065","repostId":2304162746,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956760018,"gmtCreate":1674205304734,"gmtModify":1676538930291,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956760018","repostId":2304162746,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956787571,"gmtCreate":1674205228394,"gmtModify":1676538930272,"author":{"id":"4127905901988862","authorId":"4127905901988862","name":"Little Froggy","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"4127905901988862","authorIdStr":"4127905901988862"},"htmlText":"Wow.&nbsp;","listText":"Wow.&nbsp;","text":"Wow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956787571","repostId":2304162746,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956787340,"gmtCreate":1674204848781,"gmtModify":1676538930239,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"Very interesting views. But I subscribed more towards the views of Gordon Johnson. The reason being simply the prices cuts may not deliver the growth that Tesla needs. Too many other things to worry about, most important being with recession and job cuts, big ticket spending will be the first to go.","listText":"Very interesting views. But I subscribed more towards the views of Gordon Johnson. The reason being simply the prices cuts may not deliver the growth that Tesla needs. Too many other things to worry about, most important being with recession and job cuts, big ticket spending will be the first to go.","text":"Very interesting views. But I subscribed more towards the views of Gordon Johnson. The reason being simply the prices cuts may not deliver the growth that Tesla needs. Too many other things to worry about, most important being with recession and job cuts, big ticket spending will be the first to go.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956787340","repostId":2304162746,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":50,"commentSize":6,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}