An Ode to Luck: Revisiting Tesla in January 2020

Tesla is a company that I have valued at least once a year for many years, and I have navigate a middle ground between those who love the company and those who hate. For most of Tesla's corporate life, I found Tesla to have potential but to be over priced, but in June 2019, I bought Tesla for the first time at $180. As luck would have it (and it was pure luck), the stock turned around and has not looked back since. Yesterday (January 29, 2020), the stock surged to hit $650 in the after-market after its most recent earnings call. I revisit and revalue the company in this session, and much as I want to continue to hold the company, I cannot justify continuing to hold it. I explain my reasoning, and you are welcome to disagree with it.
Slides: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/TeslaJan20.pdf
Blog Post:
Valuations
Tesla in January 2020: www.stern.nyu.edu/~adamodar/pc/blog/TeslaJan2020.xlsx
Tesla in June 2019: www.stern.nyu.edu/~adamodar/pc/blog/TeslaJune2019.xlsx

Видео An Ode to Luck: Revisiting Tesla in January 2020 канала Aswath Damodaran