Thursday , November 26 2020
Home / FT Alphaville / Morgan Stanley go all in on Tesla

Morgan Stanley go all in on Tesla

Summary:
We’ve joked before on this blog about how the market is rewarding businesses where the pitch seems to be their profitability is as far away as logic can stretch. “Don’t think about what we are, think about what we might become, and then add 10 years,” seems to be the mantra.Take this one example. Back in early June, we took a look at a Goldman note on Chinese electric car maker Nio, which derived its price target for the business from its forecasted 2030 earnings. Nine whole years away.Oh, how we laughed at time. After all, it is insanity to think — particularly after this year of all years — that anyone knows what the electric car market will look like in 2025, let alone five years after that. Of course, the stock is up 732 per cent since. Nice one.Yet, even though we’ve

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Menzie Chinn writes Business Cycle Indicators as of November 25th

Menzie Chinn writes Covid-19 Weekly Fatalities and Excess Fatalities, as of November 25

Timothy Taylor writes What If All Jobs Were Potentially Part-time?

FT Alphaville writes Maradona’s contribution to monetary theory

We’ve joked before on this blog about how the market is rewarding businesses...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *